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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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.
Hartford, CT – Today, Rep. John B. Larson (CT-01) released the following statement after his legislation, the Formula Act, was signed into law by President Biden.
Washington, D.C. - During today's Ways and Means Committee hearing "Nowhere to Live: Profits, Disinvestment, and The American Housing Crisis," Rep. John B. Larson (CT-01) highlighted the housing tax credits passed in the Committee that have helped Connecticut’s First District.
Washington, DC – Congressman John B. Larson (CT-01), Congresswoman Jahana Hayes (CT-05), Congressman Adam Schiff (CA-28), Congressman Mark Takano (CA-41), and Senator Cory Booker (D-NJ) introduced legislation that would boost teacher compensation by putting tax money back in their pockets and help diversify the teaching workforce.
On Friday, January 28th at 11 am, Rep. John B. Larson (CT-01), Governor Ned Lamont, Lieutenant Governor Susan Bysiewicz will hold a virtual press conference as part of Earned Income Tax Credit Awareness Day to highlight the significance of the Earned Income Tax Credit.
With President Joe Biden’s Build Back Better legislation halted in the U.S. Senate, Connecticut Democrats hoped to drum up support Monday by highlighting the bill’s extension of a recently-expired monthly tax credit for families with children.
EAST HARTFORD — U.S. House Speaker Nancy Pelosi, in East Hartford to mark the enhanced federal child tax credit now being paid with the goal of lifting families out of poverty, said Wednesday she wants to make the enhanced benefit permanent.
“The goal of the rescue package was to put vaccines in people’s arms [and] money in people’s pockets,’' the Democrat told reporters outside Goodwin University.
“We want to make it permanent.’'