Taxes

WASHINGTON, D.C. – Congressman Bobby Scott (VA-03) issued the following statement after voting against H. Con. Res. 9, which purportedly “denounc[es] the horrors of socialism”: “Since House Republicans took control of the chamber earlier this year, they have not held a vote on a single piece of legislation to fight inflation or lower costs for families. Today’s vote was nothing more than another Republican attack on Social Security and Medicare

WASHINGTON, D.C. – Congressman Bobby Scott (VA-03) issued the following statement after voting against H.R. 23 – the so-called “Family and Small Business Taxpayer Protection Act” which would undo a core provision of the Inflation Reduction Act: “President Biden and Congressional Democrats enacted the Inflation Reduction Act to address inflation, reduce the deficit and lower health care and energy costs for working families.

NEWPORT NEWS, VA – Congressman Bobby Scott (VA-03), Chairman of the House Committee on Education and Labor, issued the following statement announcing his support for the Inflation Reduction Act: “The Inflation Reduction Act delivers key components of President Biden and Congressional Democrats’ agenda to invest in jobs and the economy while lowering costs for working families.  This legislation will lower the cost of health care, prescription drugs, and energy for millions of American families.  Medicare will finally be able to negotiate for lower prescription drug prices and lower costs for seniors.  The bill also builds on the success of the American Rescue Plan’s expansion of the subsidies under the Affordable Care Act to lower health costs, which helped us reach the lowest number of uninsured people ever.

WASHINGTON, DC – U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), a member of the tax-writing House Ways and Means Committee, introduced the Offshore Wind American Manufacturing Act, transformational legislation that will use the U.S. tax code to grow offshore wind energy through new investment and production tax credits. These credits will strengthen jobs in domestic manufacturing and facilitate expansion of offshore wind to make the United States an international leader in clean energy. The legislation is sponsored by Reps. Pascrell, Donald Norcross (D-NJ-01), Robert C. "Bobby" Scott (D-VA-03), Elaine Luria (D-VA-02), and A. Donald McEachin (D-VA-04).

WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the Biden-Harris Administration announced actions to strengthen the Affordable Care Act, including by eliminating one barrier – the “family glitch” – which has prevented some workers from accessing tax credits to purchase affordable coverage for their families. “Today’s announcement will expand access to affordable health care coverage to more than five million Americans. For 12 years, the Affordable Care Act (ACA) has provided affordable, high-quality health care coverage to millions of people and, as a result, the uninsured rate has significantly declined. Despite its success, many workers and their families have been locked out of premium tax credits due to a previous interpretation of “affordable” by the Internal Revenue Service. By fixing this unintended glitch, the Administration is helping lower health care costs for millions of families.

WASHINGTON, DC – Today, Education and Labor Committee Chairman Robert C. “Bobby” Scott (VA-03) delivered the following remarks on the House floor in support of H.R. 2954, a  bipartisan proposal that makes critical improvements to our retirement system. “Madame Speaker, I rise in support of H.R. 2954, the Securing a Strong Retirement Act of 2022, which incorporates the bipartisan Retirement Improvement and Savings Enhancement Act – or RISE Act – that the Committee on Education and Labor approved by voice vote last fall.  I want to thank the gentleman from Massachusetts, Mr. Neal, for his work in incorporating this legislation in the SECURE 2.0.

WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after President Biden released a proposed budget for Fiscal Year 2023. “The Biden-Harris Fiscal Year 2023 budget proposal lays out a clear vision for how America can build back better and meaningfully improve the lives of our nation’s students, workers, and families. The proposed budget reflects a key commitment to reverse decades of underfunding in education and build on the success of the American Rescue Plan.

WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement in response to President Biden’s State of the Union address to Congress. “Tonight, President Biden laid out a path for how we continue to build back a better America— one where we can continue to lower costs for all Americans and secure democracy across the world. As President Biden noted, the American Rescue Plan, which Congress passed last March, provided historic relief that helped reopen classrooms safely, supported workers who lost their jobs, and ensured struggling Americans could get back on their feet. The return on these investments is clear in our economic recovery.