Economy
More on Economy
Washington, D.C. - During the Ways and Means Committee markup of the Republican tax plan, Rep. John B. Larson (CT-01) spoke out against their plan to cut taxes for the wealthy and well-connected and leave working-class Americans behind. Republicans also rejected an amendment Larson co-sponsored to lift the cap on the State and Local Tax deduction to prevent working families from being double-taxed.
Washington, D.C. - Today, Rep. John B. Larson (CT-01) joined Rep. Rosa DeLauro (CT-03) to introduce the American Family Act, which would make the monthly Child Tax Credit permanent. In 2021, the expanded Child Tax Credit Democrats passed as part of the American Rescue Plan COVID relief package created the largest drop in child poverty in a single year.
Washington, D.C. - Today, Rep. John B. Larson (CT-01) released the following statement after the House of Representatives left for a district work period before addressing the debt limit. If Congress does not lift the debt limit prior to the expected default date of June 1st, there would be unprecedented economic and human consequences.
Washington, D.C. - Today, Rep. John Larson (CT-01), alongside Reps. Rosa DeLauro (CT-03), Lloyd Doggett (TX-37), Sylvia Garcia (TX-29), Eleanor Holmes Norton (DC-AL), and Jan Schakowsky (IL-09), urged President Biden to take decisive action under the 14th Amendment to prevent a default if Congressional leaders are unable to reach a legislative solution to raise the debt ceiling.
East Hartford, CT – Today, Rep. John B. Larson (CT-01) released the following statement after Speaker McCarthy ‘pressed pause’ on bipartisan budget negotiations:
Washington, D.C. - Today, in the Ways and Means Committee, Rep. John B. Larson (CT-01) highlighted the jobs and progress for America’s green energy future created by the Inflation Reduction Act Democrats passed last year.
Washington, D.C. – Today, on Tax Day, Reps. John B. Larson (CT-01) and Ron Estes (KS-04), joined by Reps. Darin LaHood (IL-16), Suzan DelBene (WA-01), Jodey Arrington (TX-19), and Jimmy Panetta (CA-19), among 66 original cosponsors, reintroduced their American Innovation and R&D Competitiveness Act. The bill permanently allows for immediate research and development expensing looking back to 2022 when the provision expired and has received broad bipartisan support.
Hartford, CT – Reps. John B. Larson (CT-01) and Rosa DeLauro (CT-03), and U.S. Senators Richard Blumenthal and Chris Murphy today joined U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Rep.
East Hartford, CT – The American tradition of public service to others has long been a pillar of U.S. citizenship. When President John F. Kennedy delivered his inaugural address on January 20, 1961, he famously challenged his fellow Americans: "Ask not what your country can do for you: Ask what you can do for your country."
East Hartford, CT – Today, Rep. John B. Larson (CT-01) released the following statement after the Silicon Valley Bank failure. Under the Trump Administration, Rep. Larson voted against a Republican-led provision that weakened the 2010 Dodd-Frank Act’s regulations of small and mid-sized banks.