Press Releases
FOR IMMEDIATE RELEASE: Representative Peltola applauds passage of the Tax Relief for American Families and Workers Act of 2024
Washington,
February 1, 2024
Tags:
Taxation
FOR IMMEDIATE RELEASE: Representative Peltola applauds passage of the Tax Relief for American Families and Workers Act of 2024 February 1, 2024
Contact: Sam Erickson Communications Director 707-980-1078
Washington, D.C.— Today, U.S. Representative Mary Peltola released the following statement regarding the passage of the Tax Relief for American Families and Workers Act of 2024, which provides a three-year expansion to multiple tax credit programs, including the Child Tax Credit.
“This bill is a major win for families all across Alaska, and I’m glad that the House was able to come together in a bipartisan way to pass this important legislation,” said Representative Peltola. “As a mother of seven, the Child Tax Credit was extremely helpful to me during the pandemic, as it was for many other parents. The expanded credit in this bill will help nearly 32,000 Alaskan children and lift many families out of poverty. This bill also provides important credits to incentivize research and development for businesses to create jobs and grow our economy, and I will continue to push for the reinstatement of credits for our fishing fleets and processors to provide meals and worker housing, as well as clarifying tax exemptions for fishing-related investments from Alaskan CDQ (Community Development Quota) groups. Alaska is a big place with unique needs, and this tax bill is a step in the right direction. With this vote, Congress has shown once again that when we put partisanship aside, we can make real change.”
The Tax Relief for American Families and Workers Act of 2024 text can be found here. ### |