Issue: Economy and Jobs

Walorski Discusses Tax Reform at Local Businesses in Plymouth

Walorski Discusses Tax Reform at Local Businesses in Plymouth

Visits Coca-Cola Bottling Facility, Family-Owned Restaurant, Local Grocery Chain to Highlight Benefits of Tax Code Overhaul

PLYMOUTH, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) today discussed the importance of pro-growth tax reform to spur job creation and grow paychecks during visits to three local businesses. Walorski met with business owners, local chamber leaders, and employees at the Coca-Cola Kokomo bottling franchise, the Brass Rail restaurant, and Martin’s Super Market.

“These family-owned businesses in Plymouth are just the kinds of job creators that will be able to hire more workers and invest more in our communities with tax reform,” Congresswoman Walorski said. “Hoosiers deserve a fairer, simpler tax code that makes America more competitive, helps businesses grow and create jobs, and allows families to keep more of their hard-earned paychecks. That’s exactly what we’re going to deliver with tax reform.”

Photos of Walorski’s stops in Plymouth are available here.

BACKGROUND

The Trump administration, House Ways and Means Committee, and Senate Finance Committee recently announced a unified framework for pro-growth tax reform. Walorski joined President Trump in Indianapolis for his announcement of the framework.

The framework will serve as a template for the committees to develop legislation to simplify and modernize the tax code, provide tax relief to middle class families and small businesses, boost job creation, and make the U.S. more competitive in the global economy.

Middle-Class Tax Relief

  • The framework lowers middle-class families’ tax burden by roughly doubling the standard deduction, expanding the Child Tax Credit, and creating a non-refundable credit for non-child dependents.
  • It simplifies the tax code and allows most individuals to file their taxes on a postcard by eliminating most itemized deductions, repealing the alternative minimum tax (AMT).
  • It retains tax incentives for home mortgage interest and charitable contributions, as well as tax benefits that encourage work, higher education, and retirement security.
  • It makes the tax code fairer by consolidating the current seven tax brackets into three brackets of 12, 25, and 35 percent, with a possible fourth bracket for the highest-income taxpayers.
  • It protects family farms and businesses from the onerous death tax.

Jobs and Economic Growth

  • The framework lowers the tax rate on small and family-owned businesses to 25 percent while calling for measures to prevent wealthy individuals from recharacterizing personal income as business income.
  • It lowers the corporate tax rate to 20 percent, below the 22.5 percent average among industrialized nations.
  • It allows for full and immediate expensing of capital investments for at least five years so businesses can purchase new equipment.
  • It eliminates special interest tax breaks and loopholes while maintaining the research and development and low-income housing credits.
  • It ends the incentive to send jobs and capital overseas by transitioning to a territorial tax system and repatriating foreign earnings that have accumulated overseas.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Statement on House Passage of Budget Resolution

Walorski Statement on House Passage of Budget Resolution

Fiscally Responsible Budget Sets Stage for Middle-Class Tax Relief and Pro-Growth Tax Reform

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement on House passage of the fiscal year 2018 budget resolution that sets the stage for tax reform:

“We just took a big step toward fixing our broken tax code and lowering tax rates for American families and businesses. This fiscally responsible budget sets the stage for pro-growth tax reform that will let middle-class families keep more of their money and help businesses expand, invest, and hire more workers. I look forward to continuing to work with my colleagues and President Trump to pass commonsense tax reform, because hardworking Hoosiers deserve a tax code that works for them.”

BACKGROUND

The House passed H. Con. Res. 71, with Walorski’s support, by a vote of 219 to 206. The budget resolution achieves balance in 10 years, with $6.5 billion in total deficit reduction by fiscal year 2027. The budget calls for robust resources to rebuild our military, secure the border, protect the homeland, and care for veterans. It also calls for a government-wide reduction in wasteful improper payments of $700 billion.

H. Con. Res. 71 also includes reconciliation instructions to the House Ways and Means Committee, of which Walorski is a member, to facilitate passage of tax reform legislation.

The Trump administration, House Ways and Means Committee, and Senate Finance Committee recently announced a unified framework for pro-growth tax reform. Walorski joined President Trump in Indianapolis for his announcement of the framework. The framework will serve as a template for the committees to develop legislation to simplify and modernize the tax code, provide tax relief to middle class families and small businesses, boost job creation, and make the U.S. more competitive in the global economy.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Learn About the Tax Reform Framework

BOLD, PRO-GROWTH TAX REFORM

We have a once-in-a-generation opportunity to move forward with bold, pro-growth tax reform to cut taxes, create jobs, grow wages, and vault America back into the lead.

our goals…

AFFORDABLE
Americans’ taxes are too high, so we are going to cut tax rates at all income levels and eliminate excessive, costly taxes like the Alternative Minimum Tax and the Death Tax. That means you get to keep more of your hard-earned paycheck.

SIMPLE
Our tax code is too complicated. By throwing out special-interest loopholes and consolidating deductions, our plan will make filing taxes so easy that you can use a form as simple as a postcard.

COMPETITIVE
America has one of the worst tax codes in the industrialized world for businesses. By reducing tax rates for businesses large and small, our plan will level the playing field and make America more competitive.

Walorski Statement on President Trump’s Speech

Walorski Statement on President Trump’s Speech

President Outlines Tax Plan for Job Growth and Middle Class Tax Relief

INDIANAPOLIS – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after President Trump’s speech on the unified tax reform framework:

“President Trump came to Indiana to make the case for tax reform because our state has shown the country what’s possible when we give hardworking families and innovative job creators a chance to succeed. It was an honor to travel with President Trump and talk with him about the needs of 2nd District Hoosiers. I look forward to continuing to work together to pass pro-growth tax reform and middle class tax cuts that will unleash economic growth and let Americans keep more of the money they earn.”

BACKGROUND

The Trump administration, House Ways and Means Committee, and Senate Finance Committee today announced a unified framework for pro-growth tax reform. Walorski, a member of the tax-writing Ways and Means Committee, traveled with President Trump to Indianapolis for his announcement.

Walorski earlier today applauded the tax reform framework, which will serve as a template as the committee develops legislation.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Statement on Tax Reform Framework

Walorski Statement on Tax Reform Framework

Will Travel with President Trump to Indiana for Announcement

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement on the framework for tax reform and middle class tax relief announced by Congressional leaders and the Trump administration:

“Hoosiers deserve a fairer, simpler tax code that makes America more competitive, helps businesses grow and create jobs, and allows families to keep more of their hard-earned paychecks. That’s exactly what we’re going to deliver with tax reform.

“This framework gives tax relief to middle-class families and simplifies the tax code so they can file their taxes on a postcard. It lowers tax rates on small businesses, helps manufacturers build more American-made products, and makes America more competitive in the global economy. And it puts American workers on a level playing field by ending the incentive for companies to send jobs and capital overseas.

“We have a once-in-a-generation opportunity to put American families, workers, farmers, small business owners, and manufacturers on a stronger path, and I look forward to working with my colleagues on the Ways and Means Committee in the coming weeks to get a bill ready for the president’s signature.”

BACKGROUND

The Trump administration, House Ways and Means Committee, and Senate Finance Committee today announced a unified framework for pro-growth tax reform. Walorski, a member of the tax-writing Ways and Means Committee, will travel to Indianapolis with President Trump today for his speech on tax reform.

The framework will serve as a template for the committees to develop legislation to simplify and modernize the tax code, provide tax relief to middle class families and small businesses, boost job creation, and make the U.S. more competitive in the global economy.

Middle-Class Tax Relief

  • The framework lowers middle-class families’ tax burden by roughly doubling the standard deduction, expanding the Child Tax Credit, and creating a non-refundable credit for non-child dependents.
  • It simplifies the tax code and allows most individuals to file their taxes on a postcard by eliminating most itemized deductions, repealing the alternative minimum tax (AMT).
  • It retains tax incentives for home mortgage interest and charitable contributions, as well as tax benefits that encourage work, higher education, and retirement security.
  • It makes the tax code fairer by consolidating the current seven tax brackets into three brackets of 12, 25, and 35 percent, with a possible fourth bracket for the highest-income taxpayers.
  • It protects family farms and businesses by ending the onerous death tax.

Jobs and Economic Growth

  • The framework lowers the tax rate on small and family-owned businesses to 25 percent while calling for measures to prevent wealthy individuals from recharacterizing personal income as business income.
  • It lowers the corporate tax rate to 20 percent, below the 22.5 percent average among industrialized nations.
  • It allows for full and immediate expensing of capital investments for at least five years so businesses can purchase new equipment.
  • It eliminates special interest tax breaks and loopholes while maintaining the research and development and low-income housing credits.
  • It ends the incentive to send jobs and capital overseas by transitioning to a territorial tax system and repatriating foreign earnings that have accumulated overseas.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski to Join President Trump for Tax Reform Announcement in Indiana

Walorski to Join President Trump for Tax Reform Announcement in Indiana

Will Travel with the President for Indianapolis Speech on Tax Reform Framework

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) on Wednesday will travel to Indianapolis with President Trump for his speech on the framework for tax reform and middle class tax relief. Walorski, a member of the tax-writing House Ways and Means Committee, released the following statement ahead of the president’s visit to Indiana:

“Indiana is a model for the rest of the nation of what can be accomplished through pro-growth tax reform. The fact that President Trump chose our great state for this important announcement shows just how committed he is to seizing this once-in-a-generation opportunity. As a member of the House Ways and Means Committee, I am honored to be working with the president to pass tax reform that will help businesses create jobs and allow hardworking families to keep more of their paychecks.”

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski, Lipinski Introduce Save American Workers Act

Walorski, Lipinski Introduce Save American Workers Act

Bipartisan Bill Would Restore Traditional 40-Hour Definition of Full-Time Employment Under Obamacare

WASHINGTON – U.S. Reps. Jackie Walorski (R-Ind.) and Dan Lipinski (D-Ill.) today introduced the Save American Workers Act (H.R. 3798), bipartisan legislation to provide relief to middle class families by restoring the traditional 40-hour work week under the Affordable Care Act.

“Obamacare’s burdensome employer mandate and its redefinition of full-time workers are hurting middle class American families and crushing our job creators,” Congresswoman Walorski said. “The Save American Workers Act will provide much-needed relief to hardworking Hoosiers who have faced reduced hours and fewer jobs. This bipartisan, commonsense bill will give businesses the certainty they need to create jobs, and it will give workers the opportunities they need to succeed.”

“Most Americans will tell you that a full-time workweek is 40 hours, but the ACA defines full-time as 30 hours,” Congressman Lipinski said. “In its current form, the ACA puts the take-home-pay and scheduling flexibility for millions of hard-working Americans at risk.  With reduced hours or the inability to exchange shifts with coworkers, families would be forced to live with less or find another part-time job to try to make up the difference.  Changing the law to keep middle-class families from having to make this painful choice is just common sense, and hopefully this bill can be a step towards making the ACA work better for all Americans.”

“Under the Affordable Care Act’s 30-hour definition, we’ve seen a substantial increase in the amount of reporting requirements we now need to meet,” said Mark McDonnell, founder and proprietor of LaSalle Grill in South Bend, Ind. “A full time workweek has always been categorized as 40 hours and this new definition took away the flexibility that attracted employees to LaSalle Grill. Now, we have to closely monitor anyone who fluctuates between 20 to 40 hours per week, making it extremely expensive and difficult to track.”

BACKGROUND

The Affordable Care Act (ACA), also known as Obamacare, requires employers with more than 50 full-time equivalent workers to offer health insurance to full-time employees or face a penalty.

The law defines full-time status as 30 hours of work per week, significantly below the traditional definition of 40 hours. This has forced businesses to reduce hours and slow hiring in order to avoid unaffordable new costs or the ACA’s substantial fines. The 30-hour definition has affected workers in the private sector as well as city, state, and school employees, with a particularly severe impact on hourly, part-time, and seasonal workers.

The bipartisan Save American Workers Act, which passed the House in 2014 and 2015, would provide relief to middle class families and certainty for job creators by changing the definition of a full-time employee under the ACA to 40 hours per week, putting it back in line with the widely-used traditional definition.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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In the News: Ripon Advance: Republicans lead Ways and Means hearing to improve male workforce participation

Republicans lead Ways and Means hearing to improve male workforce participation

A steady decline over decades of men in the workforce that has resulted in a record number of job openings was the subject of a recent hearing by a House Ways and Means subcommittee, which is working toward reforming welfare programs to help more people enter the labor force.
U.S. Rep. Adrian Smith (R-NE), the chairman of the House Ways and Means Subcommittee on Human Resources, convened the hearing to explore reasons for the decline in working-age male participation in the labor force, and possible solutions to address them. U.S. Reps. Mike Bishop (R-MI) and Jackie Walorski (R-IN), both members of the subcommittee, highlighted the impact of opioid and substance abuse on the workforce.

… Walorski noted that in her district in northern Indiana, there currently is one county that has 30,000 jobs available. “There are plenty of reasons for this, but I hear it every day from everybody and their brother: they can’t hire workers that can pass a drug test. This is in relation to this latest onslaught of opioid addiction.”
Walorski questioned Brent Orrell, the vice president of family and economic stability at ICF International, about the link between opioid addiction and unemployment. Orrell pointed to a complex series of factors.

Read the full story here.

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Walorski Examines Opioid Crisis Impact on Workforce

Walorski Examines Opioid Crisis Impact on Workforce

Manufacturers Facing Worker Shortage Amid Growing Opioid Epidemic

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today discussed the impact of the opioid epidemic on our nation’s workforce at a hearing of the House Ways and Means Subcommittee on Human Resources.

At the hearing, entitled “Missing from the Labor Force: Examining Declining Employment among Working-Age Men,” Walorski highlighted the strain the opioid crisis has placed on workers and businesses in Indiana’s 2nd District.

“In my district in northern Indiana, the home of the RV industry, today right now in just one county we have 30,000 jobs available,” Congresswoman Walorski said. “There are plenty of reasons for this, but I hear it every day from everybody and their brother: they can’t hire workers that can pass a drug test. This is in relation to this latest onslaught of opioid addiction. … These opioid deaths now are being called “deaths of despair,” but there are still tens of thousands of jobs available.”

Asked by Walorski about the relationship between unemployment and the rise of opioid addiction, Brent Orrell, vice president of family and economic stability at ICF International, Inc., pointed to a recent study by Princeton University researchers about the opioid crisis.

“It’s not only unemployment, it’s breakdown of families, it’s the dissolution of other community institutions, it’s problems in marriage, it’s all sorts of things that feed into it,” Orrell said. “But after you control for all of that, you don’t really see the rise in the kind of deaths of despair that we’ve seen until you see the deindustrialization of the American economy and the loss of those jobs.”

Video of Walorski questioning witnesses at the hearing is available here. The text of their exchanges is below.

REP. WALORSKI: You talked in your written testimony, Mr. Orrell, about the need for a “consistent message about the social, economic, and personal importance of work and self-sufficiency.” You trace it back to the ‘96 welfare reform act, and I want to go a little bit further than that. In the 1935 State of the Union Address, President Franklin Roosevelt said, “Work must be found for able-bodied but destitute workers.” Posters for his Works Progress Administration blared in big letters: “Work Promotes Confidence.” … And I know the how is different in today’s culture, but FDR was also a big believer in the idea that those that can work must work and that we must discourage sitting on the sidelines.

In my district in northern Indiana, the home of the RV industry, today right now in just one county we have 30,000 jobs available. We’re at full employment because of about 1.7 percent unemployment, meaning 1.7 percent of the people are not going to work. Thirty-thousand jobs today. There are plenty of reasons for this. I hear it every day from everybody and their brother: they can’t hire workers that can pass a drug test. This is in relation to this latest onslaught of opioid addiction. We’ve looked at this at several layers in my state. The governor, we’re engaged now with the task force, the drug czar in my state, at the federal level as well, looking at our state of Indiana. These opioid deaths now are being called “deaths of despair,” but there are still tens of thousands of jobs available.

Mr. Orrell, from the big picture, can you give us some perspective on the relationship between unemployment and the rapid rise of opioid addiction in our country? And does anyone have any conclusive evidence to determine is this a causal relationship? And then followed up by: if so, does unemployment lead to addiction, or is it vice versa?

MR. ORRELL: It’s a complex interplay of factors. I’d highly recommend the study by Anne Case out of Princeton University, she and her husband coined this phrase, “deaths of despair.” But she really looked at, after you tease out all the factors that could contribute to the opioid addiction, what you get is a cumulative impact on people’s lives that is founded in unemployment. It’s not only unemployment, it’s breakdown of families, it’s the dissolution of other community institutions, it’s problems in marriage, it’s all sorts of things that feed into it. But after you control for all of that, you don’t really see the rise in the kind of deaths of despair that we’ve seen until you see the deindustrialization of the American economy and the loss of those jobs. Unemployment, they argue, is really at the base of this.

REP. WALORSKI: Mr. Ferrens, thanks also for your story. You’ve walked through this world, maybe not just with opioids, but certainly with drug addiction. So for you, you’ve already said how you got turned around into something else when you changed your mind, but as you kind of look out over the scale of the map today, do you think, is it an unemployment issue that turns your head around to say, I need to be responsible, I can do this? I’m thinking of the people in Indiana right now, 30,000 jobs and technically people talking about there’s no jobs, there’s no good jobs. Do you have a perspective on that?

MR. FERRENS: It’s hard for me to fathom that situation. From the inner city, it’s always a lack of opportunities. I know in my walk, drug use starts earlier in life than unemployment, before you even start looking for a job. So I would probably go with drug use leads to unemployment, just from my perspective in the inner city. And a lot of it is the single parent homes, and the I guess what you would call the depression. It’s hard to look at your kid, as a father – you have single parent homes because fathers, you don’t want to be reminded of your failure. It’s hard, when you can’t put sneakers on your kid’s feet, to be in that kid’s life. It’s much easier to turn and run because you’re unemployed rather than stay in that kid’s life because you feel like a complete failure. It’s a big picture, and you turn to drugs to deal with feeling like a failure. It’s far more – bigger than what I can offer you.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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In the News: Elkhart Truth: Congresswoman Talks Tax Reform at Goshen Chamber; Recognizes Member for Service

Congresswoman talks tax reform at Goshen Chamber; recognizes member for service

Rep. Walorski visits Goshen Chamber to meet with business community; receives award and gives recognition

On Tuesday, U.S. Rep. Jackie Walorski (R-Ind.) received the U.S. Chamber of Commerce Spirit of Enterprise Award for her support of policies that promote strong economic growth and job creation, according to a press release from her office.

“Hardworking Hoosiers deserve every opportunity to achieve the American Dream, and I am committed to fighting for a strong business climate and good-paying jobs in northern Indiana,” Congresswoman Walorski said. “I’m grateful for the important work of the Goshen Chamber of Commerce and all our local Chambers to make our communities strong and keep Indiana the best place to live and work in the nation.”

Walorski addressed local business owners at the Goshen Chamber of Commerce meeting and updated them on pro-growth tax reform and other developments in Congress. She also honored David Daugherty for his recent retirement after 14 years as president of the Goshen Chamber and congratulated Nick Kieffer on becoming the Chamber’s new president.

As a member of the House Ways and Means Committee, Walorski is working with her colleagues and the Trump administration on comprehensive legislation to overhaul the nation’s tax code for the first time in 31 years.

Read the full story here.

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