Tax Reform and Fiscal Responsibility
A modern tax code for the U.S. should foster business development and innovation, support middle class families, and create opportunities for Americans to prosper in a 21st century economy. The current tax code is a complicated collection of outdated provisions riddled with loopholes in serious need of comprehensive overhaul. In too many ways, existing tax laws stifle entrepreneurship and fuel uncertainty as many provisions rely on yearly extensions. New Dems support comprehensive tax reform recognizing the pressing need to update our tax laws and have proposed bills to fix portions of the tax code that will be vital to overall reform and international competitiveness.
This year, New Democrat Coalition Members sent a letter to President Trump on the opportunity to move a big infrastructure package tied with tax reform. For too long, Congress has relied on irresponsible, stop-gap measures that hinder economic growth and make it more difficult to revitalize our outdated infrastructure and Byzantine tax code. The New Democrat Coalition’s 21st Century Infrastructure Task Force Co-Chairs Reps. John Delaney, Elizabeth Esty, Stacey Plaskett, and Norma Torres led the letter.
More on Tax Reform and Fiscal Responsibility
Today, New Democrat Coalition Chair Jim Himes (CT-04) released the following statement after voting to raise the debt ceiling, avoid a government shutdown, and provide Hurricane Harvey relief:
“The full faith and credit of the United States should never be used as a bargaining chip - the consequences of failing to raise the debt limit are far too dire. Today, in a glimmer of hope for bipartisanship, I joined my colleagues to increase the debt limit and avoid a government shutdown.
Today, New Dem Members Reps. Scott Peters, Kathleen Rice, Susan Davis, and Don Beyer met with National Institute of Health (NIH) Director Dr. Francis Collins, doctors, researchers, and patients and toured several research labs including National Heart Lung and Blood Institute (NHLBI), National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS), and National Institute of Nursing Research (NINR).
Today the House passed the Financial CHOICE Act, a bill that will dismantle the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank is a pro-growth, pro-market oriented policy that has improved accountability in the financial system and protected consumers, investors, and the economy from abusive practices. If the CHOICE Act becomes law, financial institutions will once again be able to undertake risky practices and could trigger another financial crisis.
The New Democrat Coalition Chair Jim Himes (CT-04) released the following statement on President Trump’s proposed budget:
Today, 46 New Democrat Coalition Members sent a letter to President Trump on the opportunity to move a big infrastructure package tied with tax reform. For too long, Congress has relied on irresponsible, stop-gap measures that hinder economic growth and make it more difficult to revitalize our outdated infrastructure and Byzantine tax code.
New Democrat Coalition Chair Jim Himes issued the following statement after the House of Representatives passed the omnibus appropriations bill for Fiscal Year 2017:
While Congress works to pass a Fiscal Year 2017 appropriations bill this week, Members of the New Democrat Coalition sent a letter to Speaker Ryan and Budget Committee Chair Diane Black outlining priorities for the Fiscal Year 2018 budget resolution.
Specifically, New Dems implore that the following key policy areas are addresses in the budget:
New Democrat Coalition Chair Jim Himes issued the following statement after the House of Representatives passed a continuing resolution to fund the federal government:
“Today, we were able to pass a funding bill to keep the government open without any poison pills like money for the President’s border wall or defunding Planned Parenthood, which provides vital health services to millions of women each year.
New Democrat Coalition Chair Jim Himes issued the following statement on the outline of a tax plan President Trump put forward today:
Today, New Democrat Coalition Members Rep. Susan Davis (CA-53) and Rep. André Carson (IN-07) led a letter to the Committee on Appropriations requesting increased funding for the National Institutes of Health’s (NIH) research into diseases that affect millions of Americans. Specifically, the letter calls for funding of at least $2 billion above the Fiscal Year (FY) 2017 enacted level for NIH.