SE Nebraska News

U.S. Congressman Mike Flood has expressed his support for the recently voted bill, H.R. 7024, which aims to provide tax incentives to promote economic growth and provide relief from recent inflation to working families. Congressman Flood stated, "This package promotes private research and development, bolsters job creation, and helps boost America's workforce housing supply at a time when private sector job growth is slowing."

Additionally, Flood highlighted the importance of the bill in providing financial flexibility to families with children who are currently facing the challenges of rising inflation. He referred to this inflation as "Bidenflation," which he believes has had a devastating impact on family budgets.

In his statement, Congressman Flood commended Speaker Johnson and House Ways and Means Chairman Jason Smith for their efforts in delivering this win. He urged the Senate to swiftly pass the bill, emphasizing the benefits it would bring to American families and workers.

The Tax Relief for American Families and Workers Act has garnered support from multiple legislators, demonstrating the importance they place on providing relief to struggling families. With private sector job growth slowing, the bill aims to stimulate the economy by encouraging private research and development, as well as job creation.

As the bill moves to the Senate, lawmakers will have the opportunity to further evaluate its provisions and consider its potential impact. It is expected that the Senate will give the bill thorough consideration, taking into account the urgent need for relief among American families and workers.

The passage of the Tax Relief for American Families and Workers Act would not only offer immediate relief to families grappling with inflation but also contribute to the overall economic recovery of the nation. By providing tax incentives, the bill aims to create a more favorable environment for businesses to thrive and for families to regain financial stability.

The support from Congressman Mike Flood and other legislators highlights the bipartisan effort to address the challenges faced by American families and workers. With the bill's passage in the House, the focus now shifts to the Senate, where lawmakers will determine the fate of this crucial legislation.