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Westerman Votes for Tax Cuts

December 17, 2015
Press Release

FOR IMMEDIATE RELEASE

WASHINGTON – Congressman Bruce Westerman voted Thursday (Dec. 17) for a series of tax cuts estimated to save American families and workers more the $560 billion over the next decade. He issued the following state after Thursday’s vote:

“These tax cuts are a benefit to American families and workers who labor too long and too hard to give the federal government anymore of their tax dollars,” Westerman said. “These tax cuts will put more money in the hands of everyday Americans, money that can be invested in small businesses, invested for children’s educations, saved for retirement, used for a down payment on a home, and more. Constituents in Arkansas deserve this tax cut and I am proud to have voted in favor of workers and families across the Fourth District of Arkansas.”

Highlights of the tax cuts – known as the Protecting Americans from Tax Hikes Act – include the following:

  • A permanent extension and modification of deduction for certain expenses of elementary and secondary school teachers indexed to inflation in future years;
  • Extension of deduction of State and local general sales taxes;
  • Extension and modification of special rule for contributions for capital gain real property made for conservation purposes;
  • Extension and modification of research credit;
  • Improves to section 529 Education Savings Plans; and
  • And permits rollovers from other retirement plans into SIMPLE IRA accounts.

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