Crapo Recognized for Affordable Housing Work
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) is being recognized for his work advancing policies that make affordable housing more accessible to American families. The Affordable Housing Tax Credit Coalition (AHTCC) presented Crapo with its Affordable Housing Champion Award in honor of his efforts to permanently expand the Low-Income Housing Tax Credit as […]
Working Families Tax Cuts Help More Americans Save for Health Care
Washington, D.C.—The Working Families Tax Cuts are making it easier for Americans to save for health care expenses by expanding access to Health Savings Accounts (HSAs). Before the law took effect, only 2 percent of people insured through the federal Affordable Care Act marketplace were enrolled in HSA-eligible plans, which provides a tax-advantaged way to […]
Working Families Tax Cuts Build a Skilled Workforce
Washington, D.C.—The Working Families Tax Cuts are helping Americans gain the skills needed to succeed in the workplace. The law expands support for workforce development programs and education, making it easier for Americans to pursue the training, skills and credentials that best fit their career goals and open doors to new opportunities. The law’s pro-growth […]
Working Families Tax Cuts Make Parenthood More Affordable
Washington, D.C.—In addition to delivering individual tax relief for the vast majority of Americans, the Working Families Tax Cuts are making raising a family more affordable for new and future parents. The law strengthens policies that support adoption and child care, while expanding opportunities for children to access a quality education and begin saving for […]
Working Families Tax Cuts Support People With Disabilities
Washington, D.C.—The Working Families Tax Cuts strengthen financial security and expand care options for Americans with disabilities and their families. The law permanently increases annual contribution limits for tax-advantaged savings accounts, giving individuals and families greater flexibility to prepare for future expenses. It also improves access to certain Medicaid services, making it easier for individuals […]
The Working Families Tax Cuts in Americans’ Own Words
Washington, D.C.—The Working Families Tax Cuts are putting more money in Americans’ pockets and spurring economic growth, as reflected in tax filing season data, business surveys and economic indicators. But the law’s impact goes beyond the numbers. It is reflected in entrepreneurs boosting employee pay, businesses investing in new products and parents saving for their […]
Working Families Tax Cuts Encourage Broad-based Charitable Giving
Washington, D.C.—In addition to delivering tax relief and fueling economic growth for families and businesses, the Working Families Tax Cuts include policy victories for charitable giving and educational opportunity. By making key charitable giving provisions permanent, the legislation provides greater certainty for individual donors while helping more Americans to support philanthropic organizations, religious institutions and […]
Working Families Tax Cuts Power Domestic Manufacturing
Washington, D.C.—The Working Families Tax Cuts are bringing jobs, investment and manufacturing back to America. The law makes permanent many provisions that drove a historically strong economy during the first Trump Administration, like immediate expensing for capital expenditures on business machinery and equipment. It also permanently extends the 20 percent small business deduction, increasing confidence […]
Crapo Announces Executive Session to Consider Treasury Nominations
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) announced the Committee will mark up the nominations of Francis Brooke to be Deputy Secretary of the Treasury, Erin Browne to be an Under Secretary of the Treasury and Sriprakash Kothari and George McMaster to be Assistant Secretaries of the Treasury during an executive session on […]
Trump Accounts Create Financial Opportunity
Washington, D.C.—Trump Accounts were officially activated over the weekend, allowing parents, guardians, friends and employers to begin contributing to these tax-advantaged savings accounts for enrolled children. As part of the launch, eligible children born between January 1, 2025, and December 31, 2028, will receive an initial $1,000 seed contribution from the U.S. Department of the […]