On the recordJuly 31, 2024
Thank you very much, Chairman Wyden. Madam President, I rise to join my colleagues in urging Members from both parties to come together and pass the bipartisan Wyden-Smith package to lower taxes for working families and for small businesses. And I want to add my thanks to my colleague from Colorado for his remarks because this really is about making sure that our families and small businesses can get ahead and stay ahead. As you know, earlier this year, Members from both parties in the House overwhelmingly passed a bipartisan package to cut taxes. Like any legislative compromise, it may not have included everything that people wanted, but it included commonsense provisions that a majority of Americans agree on. And as my colleague from Colorado and the chairman have just said, it has provisions that not only the majority of Americans agree on, but a significant, really large, outsized majority of the U.S. House of Representatives agreed on. This bipartisan package to cut taxes includes provisions that would help keep our economy on the cutting edge by fully restoring critical research and development--R&D--deductions. This provision would give American creators and entrepreneurs the resources that they need to outcompete countries like China and help ensure that our country and our economy is second to none.…





