MIL-OSI USA: Slotkin Votes for Passage of Bipartisan Tax Deal

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Source: United States House of Representatives – Congresswoman Elissa Slotkin (MI-08)

WASHINGTON, D.C. – Wednesday evening, U.S. Rep. Elissa Slotkin (MI-07) voted in favor of the bipartisan Tax Relief for American Families and Workers Act, which would strengthen the popular child tax credit, while improving research and development tax credits.

“This evening, I voted for a bipartisan tax deal that will strengthen the child tax credit that was a lifeline for so many families during COVID, while also improving research and development tax credits desperately needed by our state’s entrepreneurs,” said Slotkin. “This is a win for both Michigan families and Michigan manufacturers, and was the product of many months of good-faith negotiations between Democrats and Republicans. This legislation is not perfect, it represents a compromise. And it stands in direct contrast to the issue of immigration, where my colleagues who have been highlighting the crisis at the border, now, in an about-face, refuse to negotiate on any changes. Today’s vote shows us that there’s another, better way, and I urge my colleagues on the other side of the aisle to take note.”

The Tax Relief for American Families and Workers Act:

  • Strengthens the child tax credit by eliminating the penalty for larger families and adjusting the tax credit for inflation.
  • Supports innovation and competitiveness by allowing businesses of all sizes to immediately deduct U.S.-based R&D investments.
  • Rebuilds communities struck by disasters by providing tax relief covering recent hurricanes, flooding, wildfires, and the Ohio rail disaster.
  • Increases the supply of low-income housing by enhancing the Low-Income Housing Tax Credit.