Jim Renacci: “I want to thank the chairman and his staff for their hard work. Mr. Speaker, I rise today in support of the Protecting…”

“I want to thank the chairman and his staff for their hard work. Mr. Speaker, I rise today in support of the Protecting Americans from Tax Hikes Act, or the PATH Act. I came to Washington as a business owner and CPA to reform our broken Tax Code and protect hardworking American taxpayers. Many of those taxpayers come to my office on an annual basis, looking at many of these extenders and not really understanding whether they were permanent or not permanent, whether they had them or would have the opportunity to use these credits. This package here makes many of those credits permanent. The PATH Act is an important first step forward in allowing us to reform our broken Tax Code. This legislation will make several tax policies permanent, such as the R&D credit and small business expensing. It will provide certainty and predictability to our businesses and individuals. And most importantly, it will help open the door to economic growth. This legislation also removes unnecessary tax compliance burdens. The PATH Act includes a bill I introduced with many of my colleagues, including many on the Bipartisan Working Group that I formed many years ago. The Information Reporting Simplification Act of 2015 is in the bill.…”