Tom Rice: “The economic benefits alone are nearly overwhelming--29,000 new jobs, $1 billion increase in state and local tax…”

This is a bill on which we can find consensus, and it is real.

I am not here to cast aspersions on disaster relief. I live in a coastal area in South Carolina that has been hit by three storms in the last 5 years: Joaquin, then Matthew, then Florence. I was a tax lawyer before I got here. I didn't…

My motion to recommit is very simple. Despite the terms of the underlying bill, it would retain the $10,000 cap on the SALT deduction only for tax returns where the people earn more than $100 million a year. This would produce about $7…

I would point out to my friend from Alabama that because of the change in the allocation formula in this bill, relief for States--from the prior COVID relief bills--now this formula will focus on the unemployed; therefore, places that have…