Tax Relief

Congressman Bob Latta (R-Bowling Green) released the following statement after the May jobs report exceeded expectations by showing 223,000 jobs were created, wages are on the rise, and unemployment matching its lowest rate of the last 49 years. According to the Labor Department figures, average hourly earnings increased by 2.7 percent from a year earlier. Unemployment now stands at 3.8%, matching the same rate as April 2000 as the lowest since 1969. “Whether it’s the passage of tax cuts or cutt... Read more

After the release of April’s job numbers by the Bureau of Labor Statistics shows the lowest unemployment rate in 18 years, Congressman Bob Latta (R-Bowling Green) is highlighting the effect that pro-growth policies are having for American families. The unemployment rate has now reached 3.9%, a number not seen since the year 2000. Unemployment claims are also the lowest they’ve been since 1973. In addition, a survey released by the human resources firm Paychex shows that wage growth among small b... Read more

Congressman Bob Latta (R-Bowling Green) voted for a package of legislation this week to reform, modernize, and hold accountable the Internal Revenue Service (IRS). The policy reforms would represent the largest amount of changes made to the agency in more than 20 years. The centerpiece of the bipartisan bills passed by the House is H.R. 5444, the Taxpayer First Act, which would require the agency to submit a plan to Congress to restructure the IRS with a focus on improving efficiency, enhancing ... Read more

Congressman Bob Latta (R-Bowling Green) released the following statement regarding this year’s Tax Day, April 17. “April 17 will be the last day that nearly all Americans will have to think about that old, outdated tax code that punished U.S. businesses, confused countless families, and forced Americans to buy a product they didn’t want. After today, the full focus is on the Tax Cuts and Jobs Act, which simplifies the tax code and lets taxpayers keep more of their own hard-earned money. With a t... Read more

Today, Congressman Bob Latta (R-Bowling Green) toured 20/20 Custom Molded Plastics in Holiday City to discuss what the business is doing in light of the recent passage of the Tax Cuts and Jobs Act. In part because of tax relief provided by the new law, 20/20 increased the hourly wages of their employees by 50 cents per hour, equivalent to more than $1,200 annually for full-time workers. In addition, the company is undergoing a $20 million expansion at their Holiday City location where they are a... Read more

Congressman Bob Latta (R-Bowling Green) is highlighting the recent announcement from a Defiance-based company, SB Financial Group, Inc. (“SB Financial”), that they will use tax relief, and significant positive effect on earnings from the Tax Cuts and Jobs Act, to invest in their communities, pay employee bonuses, and improve services for their customers. SB Financial, a diversified financial services holding company for the State Bank & Trust Company, has said that they will use the tax relief f... Read more

Congressman Bob Latta (R-Bowling Green) is highlighting the profound impact that tax relief from the Tax Cuts and Jobs Act is having on the American economy despite only being in effect for one full month. More than 300 companies have now announced bonuses, higher wages for employees, and increased investment due to the legislation that Latta voted for in December. Three million workers and counting are seeing bonuses or wage increases because of the Tax Cuts and Jobs Act. Just yesterday, UPS an... Read more

Today, Congressman Bob Latta (R-Bowling Green) voted to send tax reform to President Trump’s desk after the bill passed the U.S. Senate last night. After the passage of the bill, companies around the country began announcing benefits that employees will receive due to the historic tax legislation. Ohio’s Fifth Third Bank has announced that they will pay more than 13,500 employees a $1,000 bonus and will raise the minimum wage for their workers to $15 dollar per hour. The bonuses will not be prov... Read more

Congressman Bob Latta (R-Bowling Green) joined his colleagues in passing the Tax Cuts and Jobs Act, legislation 31 years in the making that would reform the nation’s broken tax code and provide needed tax relief for middle class families, grow the economy, and create jobs. The passage of the Conference Report to Accompany H.R. 1 – The Tax Cuts and Jobs Act, means it now moves to the U.S. Senate for approval. “One of the top pledges of this Congress was to provide needed tax relief to middle-clas... Read more

Congressman Bob Latta (R-Bowling Green) applauded the changes made to the House Tax Cuts and Jobs Act in the final compromise bill released by the Conference Committee on Friday. In addition, Latta highlighted the benefits for middle-class families in Ohio’s 5th Congressional District. Latta had recently joined his colleagues in sending a letter to conferees asking that the final bill not count graduate student tuition waivers or tuition waivers for family members of university employees as inco... Read more