I also appreciate the testimony of our committee colleague, Mr. Reichert, regarding the production tax credit, and I associate myself with his remarks.
Kevin Brady
The Public Record
Kevin Brady is a Republican politician from Texas, best known for his role as a member of the U.S. House of Representatives, where he served from 1997 to 2021. During his tenure, he held significant positions, including Chairman of the House Ways and Means Committee, where he played a key role in shaping tax policy and economic legislation. Brady was instrumental in the passage of the Tax Cuts and Jobs Act of 2017, which aimed to reduce taxes for individuals and businesses. He has also been an advocate for various initiatives related to trade, healthcare, and education.
Right now, North Dakota's economy is on the right track, and our nation could learn a lot about North Dakota.
We are buying a car but we are only driving it one month installment at a time.
You do not raise taxes in a recession, which is why we have not and why instead we have cut taxes.
Not only do we risk the loss of R&D innovation in America, but our Tax Code, when these companies compete around the world, they are punished to bring home those profits.
As long as we provide deductions for state and local income taxes, we clearly out of fairness ought to do the same for state and local sales taxes.
We must ensure that America remains the center of innovation for years to come.
America is the world's largest innovator, but we are falling behind our competitors.
More than 800,000 Washingtonians alone would be subject to this unequal treatment if the deduction is not extended.
Our country works best when we provide entrepreneurs and innovators the opportunity to thrive and create.
The administration has thwarted oil and gas development on federal lands and offshore.
The President also risks the jobs of American energy workers by threatening punitive tax treatment of energy manufacturing.
Our goal ought to be to ensure America remains the strongest economy in the world for the next 100 years.
While the President has touted 'all of the above' energy policies, the actual policies have been anything but that.
While the President has touted an 'all of the above' energy policy, his actual policies have been anything but that.
America is experiencing an energy revolution with the potential to become the largest energy-producing country on the planet.
Most recently, it's denied increasing the assured and safe supply of crude oil from our ally, Canada, through the Keystone pipeline to American refineries.
It would be wonderful if the EPA's right hand knew what its left hand was doing, so that when we make these types of investments, we can actually meet the Clean Air standards we all want to meet.
This manufacturing deduction, by the way, is an important incentive to refining and will further make these projects less economically viable if the President has his way.
The law we passed, passed by both Republicans and Democrats, clearly said the first 10 States to meet the criteria laid out in that new statute would receive the waivers.
Are you ignoring the intent of Congress, or in this election year, are you playing politics with such an important issue?
I think you are substituting the administration's judgment for that of Congress.
That is why when Republicans and Democrats passed the payroll extension bill, it included important reforms to unemployment.





