Tax Reform

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  • Reed Bill Encouraging Charitable Giving Passes House in Overwhelming Vote
    Posted in Press Releases on July 17, 2014 | Preview rr
    Tags: Agriculture, Tax Reform

    Tom Reed’s bill to care for families in need across the country and encourage charitable giving passed the House Thursday in a strong bipartisan vote of 277-130. Reed’s “America Gives More Act” combines five bipartisan bills that originated in the Ways and Means Committee to promote charitable giving through the tax code. The overwhelming bipartisan vote sends a strong message to the Senate that the chamber should join the House and pass the charitable giving package. “Thousands of individuals a... Read more

  • Reed Positions Small Businesses & Farmers to Gain under Permanent Policy
    Posted in Press Releases on June 12, 2014 | Preview rr
    Tags: Tax Reform

    Tom Reed voted Thursday to give small businesses the certainty they need to hire more employees and confidently invest in their companies. Reed cosponsored the bipartisan America’s Small Business Tax Relief Act of 2014, a bill that makes permanent the long-standing Section 179 tax provision for small business expensing. “We need to take common sense steps to give job creators more certainty and more control over their own financial situation,” Reed said. “Small businesses and farmers need to kno... Read more

  • Reed Cosponsors U.S. Innovation through Research and Development Bill Passed in House
    Posted in Press Releases on May 9, 2014 | Preview rr
    Tags: Tax Reform

    Tom Reed co-sponsored the bipartisan “American Research and Competitiveness Act of 2014,” a bill passed in the House Friday to increase opportunities for American research and development. Reed says supporting research and development is not only good news for innovation but gives businesses a reason to invest and add jobs in the United States. The bill is consistent with Reed’s broader tax reform efforts in the House to make the code simpler and fairer. “If we want to really support and care fo... Read more

  • Tom Reed Makes Push to Help Small Businesses, Farmers Grow and Create Jobs
    Posted in Press Releases on April 29, 2014 | Preview rr
    Tags: Agriculture, Tax Reform

    Tom Reed is pushing for small businesses to expand infrastructure and create jobs. To give small businesses that freedom and flexibility to improve, Reed is co-sponsoring the America’s Small Business Tax Relief Act of 2014, a bill that makes permanent the long-standing Section 179 tax provision for small business expensing. The bill passed out of the Ways and Means Committee Tuesday on a bipartisan vote. “Our goal is to give America’s job creators more certainty and more control over their own f... Read more

  • Tom Reed Makes Push to Help Small Businesses, Farmers Grow and Create Jobs
    Posted in Press Releases on April 29, 2014 | Preview rr
    Tags: Agriculture, Tax Reform

    Tom Reed is pushing for small businesses to expand infrastructure and create jobs. To give small businesses that freedom and flexibility to improve, Reed is co-sponsoring the America’s Small Business Tax Relief Act of 2014, a bill that makes permanent the long-standing Section 179 tax provision for small business expensing. The bill passed out of the Ways and Means Committee Tuesday on a bipartisan vote. “Our goal is to give America’s job creators more certainty and more control over their own f... Read more

  • Reed, Tioga Chamber of Commerce Members Talk Business Growth
    Posted in Press Releases on April 22, 2014 | Preview rr
    Tags: Energy, Ensuring Access to Health Care, Tax Reform

    Tom Reed joined members from the Tioga Chamber of Commerce Tuesday to listen to their thoughts and concerns with the local business climate and how Reed can partner with these community leaders to make their voices heard in Washington. “Our business owners and entrepreneurs are the leading resources in the area when it comes to what is working and what clearly isn’t working on the ground,” Reed said. “These sit down, face-to-face opportunities give us real, genuine insight into how the day to da... Read more

  • Reed Talks Jobs, State of the Local Economy at Chamber Roundtable
    Posted in Press Releases on April 21, 2014 | Preview rr
    Tags: Tax Reform

    Tom Reed sat down with local small business leaders Monday to listen to the challenges faced by local businesses and see how the federal government can work with local and county government to improve the jobs outlook and business climate. The group came together at the Watkins Glen Area Chamber of Commerce to talk about important business issues like the impact tax reform would have on businesses, what the Obamacare rollout has meant for employers’ bottom lines and the need to become energy in... Read more

  • Reed Sees Simpler, Fairer Future for Tax Filing Season
    Posted in Press Releases on April 14, 2014 | Preview rr
    Tags: Tax Reform

    A day away from the April 15th tax filing deadline, Tom Reed says next year’s tax filing season could look very different if tax reform progresses through Congress. Reed pointed to Ways and Means Chairman Dave Camp’s recent tax reform draft as the type of generational-level reform needed to simplify the code and level the playing field for taxpayers. “Families could be pleasantly surprised during future tax filing seasons when they have more money in their pockets and don’t have to spend as much... Read more

  • Reed Reminds Constituents to Take Advantage of Federal Free File Opportunities at Tax Time
    Posted in Press Releases on March 28, 2014 | Preview rr
    Tags: Tax Reform

    With less than a month before tax day, Tom Reed is reminding taxpayers to take advantage of a free program to prepare and file federal tax returns online this tax season. The Free File program is open to all constituents with a 2013 Adjusted Gross Income of $58,000 or less. Qualified individuals can visit www.IRS.gov/freefile to prepare and e-file their federal tax returns at no cost. “With a current tax code of more than 70,000 pages, any assistance at tax time to help navigate the code is welc... Read more

  • Reed: House Tax Reform Draft Puts $600 Back into the Pockets of Southern Tier, Finger Lakes Taxpayers
    Posted in Press Releases on March 3, 2014 | Preview rr
    Tags: Tax Reform

    Tom Reed says the district impact of tax reform could put $600 back into the pockets of Southern Tier and Finger Lakes taxpayers. The draft tax reform proposal, released last week by Ways and Means Committee Chairman Dave Camp, has garnered bipartisan praise based on the draft’s savings for taxpayers and its simplification of the 70,000 page tax code. For Reed, it’s the real savings to taxpayers and job creation potential that make comprehensive tax reform so appealing. “The average Southern Tie... Read more

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