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Tax Relief

Latta Supports Tax Package for American Families and Small Businesses

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Congressman Bob Latta (R-Bowling Green) supported tax legislation on the House floor this week that would extend tax relief for nearly a million small business owners and provide a pathway to tax reform. H.R. 8, the Job Protection and Recession Prevention Act, prevents tax increases that are set to take place by the end of the year, and instead will maintain the tax levels that were…

Latta Statement on Senate Democratic Tax Hike

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Congressman Bob Latta (R-Bowling Green) released the following statement on the Senate Democrats' tax measure that passed the Senate on party-line, this Wednesday: “Despite a fragile economy and an unemployment rate that lingers above 8 percent, President Obama and Senate Democrats continue to move forward with their plans to increase taxes on small businesses. An independent study…

No More Budget Stopgaps

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Congressman Bob Latta (R-Bowling Green) today issued the following statement in regards to the Senate’s inability to pass a long-term continuing resolution: “We can’t continue to pass stopgap bills to avert a government shutdown. Over a month ago the House passed a continuing resolution that cuts $61 billion from current spending levels, H.R. 1. Meanwhile the Senate failed twice to…

Good Riddance on 1099 Reporting Requirement

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Congressman Bob Latta (R, Bowling Green) issued the following statement with respect to the passage of H.R.4, the "Small Business Paperwork Mandate Elimination Act of 2011”: “The House eliminated this onerous tax provision, lifting an unnecessary burden on small business owners who already struggle with unmanageable paperwork. The 1099 repeal protects small businesses, their workers and…

LATTA STATEMENT ON VOTE TO REPEAL OBAMACARE

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Congressman Bob Latta (R-Bowling Green) made the following statement after the House of Representatives passed H.R. 2, the "Repealing the Job-Killing Health Care Law Act."   “Over the past two years, a majority of Americans have made it clear that they opposed the Democrats’ plan for the government takeover of our nation’s health care system.  They opposed the…

LATTA INTRODUCES LEGISLATION TO PERMANENTLY REPEAL ESTATE TAX

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On the first day of the 112th Congress, Congressman Bob Latta (R- Bowling Green) introduced H.R. 143, a bill that if passed, would permanently repeal the estate tax and ensures that individuals are not taxed on the increased value of an estate by retaining the stepped-up basis at death.  A copy of the legislation can be found here.   The estate tax, also known as the death…

LATTA REPEATS CALL FOR PERMANENT EXTENSION OF CURRENT INCOME TAX RATES

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Congressman Bob Latta (R-Bowling Green) made the following statement reaffirming his call for a permanent extension of the current income tax rates.  Without action by December 31, 2010, the current income tax rates will increase, causing the largest tax increase in our nation’s history.   “Today marks thirty days until the largest tax hike occurs in our nation’s history, and…

LATTA CALLS FOR DEBATE ON TAX CUTS SET TO EXPIRE

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Congressman Bob Latta (R-Bowling Green) issued the following statement after voting against an adjournment resolution today.  The “no” vote on the adjournment resolution signifies Congressman Latta’s support for Congress to not adjourn, but rather stay in session, so that the House can debate the current tax rates set to expire at the end of this year.   “My vote against the…

LATTA, HOUSE REPUBLICANS PRESENT A PLEDGE TO AMERICA

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Congressman Bob Latta (R-Bowling Green) released the following statement after House Republicans presented A Pledge to America, a new governing agenda focused on addressing the American people’s top priorities. The Pledge is the culmination of a months-long engagement with the American people in which House Republicans sought their ideas and priorities for Congress.  The agenda…

LATTA INTRODUCES “TEA ACT”

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This week, Congressman Bob Latta (R-Bowling Green) introduced H.R. 5959, the Tax Education and Accountability Act (TEA Act). This legislation will repeal the provision in law that requires employers to deduct or withhold federal taxes from an employee’s paycheck, therefore requiring individuals to pay their own tax liability on a quarterly basis.  “With this legislation,…

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