Ashford Votes to Cut Taxes for Nebraska Families, Small Businesses

Congressman Brad Ashford (D-NE) voted today in favor of comprehensive bipartisan legislation cutting taxes on individuals and businesses.

"American families and the American economy need tax relief, "said Ashford. "This bill makes critical tax breaks for working families permanent and incentivizes the growth of our small businesses. These measures will provide a boost to our local economy and enhance financial stability for families."

A number of tax credits which benefit individuals and businesses will expire at the end of this year without Congressional reauthorization.

The Protecting Americans from Tax Hikes (PATH) Act represents a bicameral, bipartisan compromise to extend some tax credits, and make others permanent.

Individual tax credits include the earned income tax credit (EITC) and child tax credit (CTC), which benefit hard working families with children. The bill also includes tax credits for charitable giving.

Business tax credits include incentives for research and development, small business investment, and renewable energy.

The bill passed the House on a vote of 318-109.

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