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Sioux City Times

Tuesday, December 24, 2024

Feenstra marks 7th anniversary of Tax Cuts and Jobs Act

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Rep. Randy Feenstra, U.S. Representative for Iowa's 4th District | Twitter Website

Rep. Randy Feenstra, U.S. Representative for Iowa's 4th District | Twitter Website

Today marks the seventh anniversary of the Tax Cuts and Jobs Act being signed into law. U.S. Representative Randy Feenstra, a Republican from Hull, Iowa, released a statement to commemorate this occasion.

"Seven years ago, President Trump signed into law the Tax Cuts and Jobs Act — the single largest and most consequential reform of our tax code in decades," Feenstra stated. He highlighted several benefits he attributes to the legislation: "This law doubled the standard deduction for our families, cut taxes for our small businesses, helped our farmers grow and succeed, and returned investment back to the United States."

Feenstra also discussed his current efforts on the House Ways and Means Committee to extend these provisions beyond their 2025 expiration date. He expressed interest in including additional measures such as repealing the death tax and investing in paid family and medical leave which he considers important for Iowa.

"As a strong fiscal conservative," Feenstra said, "I will continue to advocate for sensible spending cuts and lower taxes to supercharge our economy, protect Iowa taxpayers, and restore American prosperity."

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