Budget and Taxes
Our nation is threatened by a debt crisis that has been caused by unrestrained federal deficits that if unchecked, will threaten economic prosperity and job growth. If we do not take action now, then we risk becoming the first generation to leave our country worse off for our children and grandchildren. Congressman Bilirakis believes that we must implement serious spending reforms to restore the fiscal credibility of the United States at home and in the global market. During these difficult economic times, Americans have had to spend less, and the federal government should do likewise.
Congressman Bilirakis supports reforming the tax code, which will eliminate a barrier to economic growth for everyone. The federal tax code has grown far too complicated for individuals and small businesses. It now contains approximately 4 million words; almost triple the number from just ten years ago. He supports tax reform that makes the tax code simpler and fairer for everyone, which will free capital, increase investment, and lead to more jobs for Americans.
More on Budget and Taxes
Congressman Gus Bilirakis (FL-12) this week held two town hall meetings in Florida’s twelfth congressional district to discuss legislative issues with constituents. The Congressman provided the local community with an update on the work he has been doing in Congress.
It’s no wonder Americans pay tens of millions of dollars a year for tax preparers to wade through 70,000 pages worth of tax law. The tax code is confusing, and sends too much money to Washington and too many jobs overseas. I am working towards a simpler, fairer, and flatter tax code, so that it will be easier for small business owners, families, and individuals to do taxes and have peace of mind. Simplifying our tax code will lead to more jobs, better wages, and more opportunities for all Americans.
Representative Gus Bilirakis (R-FL) released the following statement following President Obama’s budget proposal for FY 2017:
“Maintaining his status quo, the President has proposed a budget that leads us to higher taxes and too much spending. The proposal would increase spending by $2.5 trillion and raise taxes by $3.4 trillion over the next decade. Under his budget, the national debt will be more than double what it was when the President took office.
On Thursday, the House advanced H.R. 2029, the Protecting Americans from Tax Hikes Act. This legislation makes permanent over 20 tax relief provisions and extends a number of other tax relief provisions that expired in 2014.
“This legislation delivers certainty to taxpayers in my district and across the country,” said Congressman Gus Bilirakis (R-FL). “This bill prevents tax increases which would have been harmful to our economy and will help strengthen the integrity of tax credit programs to prevent fraud and abuse. This bill is a win for taxpayers.”
Congressman Gus Bilirakis (R-FL) released the following statement regarding the House vote to advance H.R. 1314 and increase the debt limit:
Washington, D.C. – Representative Gus Bilirakis (R-FL) released the following statement on the President’s State of the Union Address:
A Florida congressman wants to amend the Internal Revenue code to close a loophole being exploited by illegal immigrants.
U.S. Rep. Gus Bilirakis, R-Fla., is looking to ensure illegal immigrants are not able to receive federal tax refunds using the child tax credit. Bilirakis showcased the “Stop Handouts to Unauthorized Taxpayers (SHUT) Act” on Friday.
Washington, D.C. – Representative Gus Bilirakis (R-FL) introduced H.R. 192, the Stop Handouts to Unauthorized Taxpayers (SHUT) Act, which would require any individual who receives the refundable portion of the child tax credit to demonstrate their legal employment in the United States by providing a Social Security Number or proof of lawful residence on their tax return.
“The MilCon/VA appropriations bill the House passed represents a $7 billion increase from FY2014, and includes a number of different provisions to protect our nation’s veterans. This legislation includes full funding for disability claims processing, to give the VA additional resources to reduce the backlog,” Bilirakis said. “Disability compensation and education benefits for veterans are also fully funded, as are vital resources for veterans returning to civilian life. H.R.