Growing Our Economy
May 5, 2021
WASHINGTON – U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI), along with U.S. Representative Lloyd Doggett (D-TX-35), today announced the introduction of a bill to stop business practices known as inversions – corporate deals that allow U.S. companies to shift their corporate citizenship from the United States to a low-tax foreign jurisdiction, while keeping their executives and headquarters in the United States. This is accomplished by merging with a foreign company that can be as little as one-fifth of the size of the U.S. corporation and results in large and permanent tax breaks. Unlike other tax loopholes that can be closed on a year-to-year basis, a tax inversion is a permanent change in a corporation’s structure.
Issues:Growing Our Economy
April 20, 2021
Travis County commissioners voted April 20 to create a Civilian Climate Corps, a local initiative to put residents to work on climate and environment initiatives. A plan for the program is set to be established by June 15, including identifying sources of funding to create paid work and volunteer opportunities.
April 10, 2021
As President Biden races ahead with a mammoth plan to bolster the nation's infrastructure, Democrats are gambling they'll get a political boost from an accompanying proposal: the tax hikes designed to defray the massive costs.
Issues:Growing Our Economy
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April 7, 2021
Washington, D.C. – This morning, U.S. Representative Lloyd Doggett (D-TX), a senior member of the Ways and Means Committee, released the following statement regarding the Treasury Department’s new report on the Made in America Tax Plan:
Issues:Growing Our Economy
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April 5, 2021
Washington, D.C. – U.S. Representative Lloyd Doggett (D-TX), a senior member of the Ways and Means Committee, reacted to the draft plan from Senators Wyden, Warner, and Brown regarding taxing multinational corporations.
Issues:Growing Our Economy
April 1, 2021
SAN ANTONIO – President Joe Biden unveiled his $2 trillion infrastructure plan on Wednesday, promising major investments in modernizing the nation’s transportation system. But the hefty price tag is also drawing some opposition.
Issues:Growing Our Economy
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March 31, 2021
Washington, D.C. – U.S. Representative Lloyd Doggett (D-TX) applauds President Biden’s American Jobs Plan—unveiled this afternoon—for its progress on investing in our infrastructure, building sustainable jobs, prioritizing climate action, and improving tax fairness. He is particularly pleased with the inclusion of key provisions of Rep. Doggett’s bill, the No Tax Breaks for Outsourcing Act.
March 31, 2021
President Joe Biden is using his infrastructure plan to take aim at President Donald Trump's signature economic achievement: his corporate tax cuts.
Issues:Growing Our Economy
March 31, 2021
Corporations have been approved to receive $14 billion in tax refunds from the Internal Revenue Service thanks to a hotly debated pandemic tax break, a government watchdog report has found.
Issues:Growing Our Economy
March 16, 2021
On March 11 President Joseph Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion bill, introduce on Feb. 24, was voted largely along party lines (220-211 in the House, 50-49 in the Senate).