Tax Policy

Rep. Larson is fighting for fair tax reform.
The current Republican Plan, released in November 2017 is the opposite of that, it its an attack on Connecticut's Middle-Class. Read what Rep. Larson has done to oppose it below.
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The Casualty Loss Deduction Restoration Act was introduced Tuesday.
NORTH CENTRAL, CT — U.S. Rep. Joe Courtney (D-CT) Tuesday led the charge to announce what he termed a bipartisan bill called the Casualty Loss Deduction Restoration Act – legislation that would deliver financial relief to Americans who suffered losses from unexpected disasters, including crumbling foundations caused by the mineral pyrrhotite.

Washington, D.C. – Today, Reps. John B.

The discovery of hundreds of deteriorating basements and foundations in northeastern and north central Connecticut has changed lives, and galvanized state and federal leaders to help.
One of the Congress people who has led the charge visited the district with word of more assistance, and research aimed at solving this monumental problem.
A now defunct concrete company in the area made concrete that experts say had a naturally occurring mineral (pyrrhotite) that causes basement walls to crack and expand when exposed to air and water.

James T. Brett, President and CEO of the New England Council, wrote the following op-ed that appeared in the Hartford Business Journal:
Here in New England, we are proud of our region’s reputation as a global innovation hub.
Our region is home to some of the world’s most innovative companies, in industries ranging from defense, to life sciences, to clean energy, to technology.
East Hartford, CT – Today, Rep. John B. Larson (CT-01) joined local business leaders to announce the introduction of the bipartisan American Innovation and R&D Competitiveness Act.
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.

Washington, D.C. - Today, Rep. John B. Larson (CT-01) voted for the Inflation Reduction Act, landmark legislation to lower costs for families, create millions of good-paying jobs, deliver the most significant action on climate in history, and dramatically reduce the deficit. The bill now heads to President Biden’s desk to be signed into law.