By Brian Darling
Thursday April 23, 2015
Reps. Kenny Marchant (R-TX) and Mike Pompeo (R-KS) introduced a bill H.R. 1901 to phase out a renewable energy tax credit. Any effort to rid the tax code of cronyism and special interest tax provisions should be applauded.
Cronyism is one of the most disturbing aspects of Washington, DC. We see allegations of Hillary Clinton using her former position as Secretary of State to funnel foreign money into her family foundation.
The Bush Administration bailed out Wall Street when they pushed and passed the Troubled Asset Relief Program (TARP) for friends on Wall Street.
The Obama Administration rewarded donors with billions in energy contracts with the failed solar panel company Solyndra being a classic example of political favors for Obama’s pals.
Repeal of the Renewable Energy Production Tax Credit (PTC) will go a long way to removing one special interest provision in law that is in place to reward green energy proponents.
This bill will forward the ball on tax reform. Rep. Marchant argued “if we want to build a healthier American economy, Congress must get rid of the deadweight in the tax code that is limiting our nation’s potential.” This is a small but important step in ridding the tax code of every single corporate special interest tax provision.
The purpose of taxes should not be to incentivize certain activities or to punish other activities. For example, tax provisions that promote home ownership, like the mortgage interest tax credit, and sin taxes like high cigarette taxes are attempts to engage in social engineering using the tax code. That is wrong.
The Ways and Means Committee, of which U.S. Congressman Kenny Marchant (TX-24) is a member, will hold a hearing focused on legislation that expands American trade while ensuring accountability and transparency.
The hearing is scheduled to take place on Wednesday, April 22, 2015 at 3:00 PM in room 1100 of the Longworth House Office Building.
The Honorable Penny S. Pritzker
Secretary, Department of Commerce
The Honorable Jacob J. Lew
Secretary, Department of the Treasury
The Honorable Thomas J. Vilsack
Secretary, Department of Agriculture
To view the full Ways and Means Committee hearing advisory, please click here.
Today, U.S. Congressmen Kenny Marchant (TX-24) and Mike Pompeo (KS-04) announced the introduction of H.R. 1901, the PTC Elimination Act. The legislation would phase out and repeal the renewable energy production tax credit (PTC).
Congressman Marchant issued the following statement upon introducing the PTC Elimination Act:
“If we want to build a healthier American economy, Congress must get rid of the dead weight in the tax code that is limiting our nation’s potential. That’s why I have introduced legislation to eliminate the production tax credit. Since its creation in 1992, the PTC has ballooned from a temporary boost for energy innovation into a massive special interest handout for the now multibillion-dollar wind industry. Today the wind industry regularly produces more energy than the market demands while hardworking taxpayers shell out billions of dollars each year in PTC support. In fact, because the credit pays claimants for 10 years of energy produced, Americans are currently on the hook for a minimum of $6.4 billion over the next decade.
“The fully mature wind industry should not be spoon-fed by taxpayers any longer. Even the industry’s top lobbying organization admits wind is a mainstream part of the market and has publicly supported a future phase-out of the PTC. The PTC Elimination Act would begin this phase-out immediately by significantly scaling back PTC handouts to those who are eligible. Similar proposals have been estimated to save nearly $10 billion. But the PTC Elimination Act doesn’t stop there. It would also completely dismantle the credit’s statutory framework and use the savings to lower the U.S. corporate tax rate. Even the president agrees that the U.S. corporate tax rate – which is the highest in the industrialized world – must come down to keep American businesses competitive.
“The PTC Elimination Act may only be one piece of the effort to fix our broken tax code, but it puts the American people first and levels the playing field both at home and in the global marketplace. That’s the approach to tax simplification we must use to revitalize the American economy.”
Congressman Pompeo released the following statement regarding the introduction of the PTC Elimination Act:
“Market-distorting, taxpayer-funded energy subsidies must become a thing of the past,” Rep. Pompeo stated. “I believe that the wind energy industry can succeed in the marketplace, but they need to succeed or fail on their own merits without billion dollar handouts from the American taxpayer. This bill stops the government from picking winners and losers in the energy marketplace. I applaud my colleague, Rep. Marchant, for being a leader in this effort and look forward to working with my colleagues in the House to advance this common sense legislation.”
The legislative text of the PTC Elimination Act can be found here. A one page summary of the bill can be found here.
Today, the House passed the Death Tax Repeal Act of 2015 and the State and Local Sales Tax Deduction Fairness Act of 2015. U.S. Congressman Kenny Marchant (TX-24), a cosponsor of both bills, released the following statement:
“The bills I voted to pass today will provide tax relief to families and small businesses across the nation. A repeal of the death tax is estimated to create 139,000 new jobs and bring a much-needed boost to Americans’ paychecks. And making permanent the state and local sales tax deduction, something I’ve long supported, will remove uncertainty and reduce the tax burden for millions of Texas families. As we work to simplify our broken tax code, it only makes sense to repeal the death tax and permanently renew the state and local sales tax deduction.”
Analysis by the Tax Foundation finds that elimination of the Estate Tax, commonly referred to as the “Death Tax,” would create 139,000 jobs and increase wages by 0.7 percent.
Today, the House passed H.R. 1152, the IRS Email Transparency Act. The bill, authored by U.S. Congressman Kenny Marchant (TX-24), would make it against the law for IRS officers and employees to use personal email accounts for official business.
The IRS Email Transparency Act comes in direct response to evidence that Lois Lerner, the ex-IRS official at the center of the IRS targeting investigation, routinely used a personal email account to transmit confidential taxpayer information.
“I’m honored that the IRS Email Transparency Act passed the House with strong bipartisan support,” said Marchant. “This legislation is one small part of our effort to clean up the IRS, but it takes big steps to safeguard taxpayer information and prevent IRS abuse of honest Americans from ever happening again.”
Prior to the passage of the IRS Email Transparency Act, Marchant spoke on the House floor in support of the bill. The video recording and transcript of his remarks can be found below.
“Thank you, Mr. Chairman. And thank you for your leadership in helping advance the IRS Email Transparency Act.
“Mr. Speaker, we have an important responsibility in Congress to protect American taxpayers. That’s what our constituents sent us here to do.
“I believe we have the opportunity to do that today. By moving forward this bill, we put safeguards in place for taxpayers and bring greater transparency and accountability to the IRS.
“H.R. 1152 is a clear, straightforward bill that will prohibit IRS officers and employees from using personal email accounts for official IRS business. A very common sense thing.
“This bill came as a result of the Ways and Means Committee’s investigation into the IRS targeting of taxpayers based on their political beliefs. Many of those wrongly targeted were in my district in Texas.
“But the underlying issue of H.R. 1152 is about finding ways to fix the problem and ensure such abuses never happen again. This is something that will impact all Americans.
“One of the abuses the Committee discovered in our investigation was that some IRS employees used their personal, non-secure email to conduct official IRS business. In doing so, they also disclosed confidential taxpayer information.
“Lois Lerner, a former IRS official at the center of the agency’s targeting scandal, routinely conducted official business involving taxpayer information on her personal email account. If that’s not bad enough, nothing on her personal email is subject to official recordkeeping, which conveniently keeps taxpayer information outside the orbit of proper security.
“Such reckless behavior by the IRS breaches the trust between the American people and their government.
“This is wrong in principle and has failed in practice.
“Currently, the IRS employee manual only says that “sensitive but unclassified” data can’t be emailed outside the IRS network. But it says nothing about an outright prohibition. In other words: it’s bad practice, but it’s not prohibited. And it clearly didn’t stop Lois Lerner from betraying the confidence of the American taxpayer.
“This bill makes it against the law for IRS employees to share confidential tax information on their personal email account.
“As I said at the outset, Congress has a responsibility to protect taxpayers. Just avoiding a repeat of past failures cannot be our ambition.
“So let’s put commonsense safeguards in place, shine the light of transparency on the IRS, and provide greater accountability to the American people.
“The IRS Email Transparency Act does just that.
“Mr. Speaker, I yield back.”
Today, U.S. Congressmen Kenny Marchant (R-TX-24) and Ron Kind (D-WI-03) introduced H.R. 1773, the Residue Entries and Streamlining Trade (REST) Act of 2015. The legislation would remove an onerous Customs and Border Protection (CBP) requirement and help streamline international trade.
Specifically, the REST Act would remove a U.S. Customs and Border Protection ruling that requires inbound cargo entries holding trace residue from the transported product to be classified and processed before the truck, rail, or ship can be considered empty and released. This would apply to all liquid or dry bulk commodities, such as wood chips and corn syrup, and impede efficient trade flows.
“Customs and Border Protection’s residue ruling piles on layers of bureaucracy without any related security benefits,” said Congressman Marchant. “If fully enforced, it would add millions of dollars in compliance costs for businesses, create uncertainty for shippers, and lead to greater congestion at our borders. That’s why I have introduced the REST Act. This legislation would block CBP’s ruling, harmonize trade practices at our borders, and expand economic freedom.”
“Put simply, CBP’s ruling is a misguided attempt to fix a problem that doesn’t exist,” Marchant continued. “CBP even admitted the ruling is overly burdensome when they recently delayed its implementation. But a short-term delay is not enough – the ruling needs to be stopped altogether. The REST Act would make certain of that. Let’s enforce the rules that keep trade free and fair, streamline the unnecessary regulations, and advance policies that foster a healthier American economy.”
“This commonsense legislation helps to streamline regulation on American exporters at our borders,” said Congressman Kind. “By reducing the time and money Wisconsin’s companies spend on paperwork we will increase economic investment in our communities and help create good jobs.”
Prior to CBP’s ruling, trace residue was considered as part of the shipping container itself and was therefore exempted from burdensome entry requirements. Should the rule change take effect, trace residue would be treated as residual cargo that must be valued and measured by CBP.
The Ways and Means Subcommittee on Health, of which U.S. Congressman Kenny Marchant (TX-24) is a member, will hold a hearing focused on Obamacare’s individual and employer mandates and their associated tax penalties.
The hearing is scheduled to take place on Tuesday, April 14, 2015 at 10:00 AM in room B-318 of the Rayburn House Office Building.
To view the full Health Subcommittee hearing advisory, please click here.
North Texas high school and middle school students are invited to attend a military service academy forum to be held on Saturday, April 11, 2015 at Lewisville High School. The event provides students and parents a unique opportunity to learn about the exemplary education offered at our nation’s service academies, the application process, and career paths available after graduation. The forum is free and open to the public with no advance registration required. The date, time, and location of the event are as follows:
||Saturday, April 11, 2015
8:00 AM - 12:00 Noon
Registration opens at 7:30 AM
Visitors are encouraged to stay as long as they wish
Lewisville High School
1098 W. Main St
Lewisville, TX 75067
The Service Academy Forum is co-hosted by the offices of U.S. Representatives Kenny Marchant (TX-24), Sam Johnson (TX-03), John Ratcliffe (TX-04), Jeb Hensarling (TX-05), Joe Barton (TX-06), Kay Granger (TX-12), Roger Williams (TX-25), Michael Burgess (TX-26), John Carter (TX-31), Pete Sessions (TX-32), Marc Veasey (TX-33), and Texas Senators John Cornyn and Ted Cruz.
Students will have the opportunity to speak with representatives from all five U.S. Service Academies – the U.S. Military Academy, U.S. Naval Academy, U.S. Coast Guard Academy, U.S. Merchant Marine Academy and U.S. Air Force Academy – along with current academy cadets and midshipmen. Also in attendance will be representatives from the Air Force, Army, Navy and Marine Corps ROTC, and staff from congressional offices.
The official event flier can be found here. For additional information, please contact Congressman Marchant’s Irving office at 972-556-0162.
U.S. Congressman Kenny Marchant (TX-24) issued the following statement regarding the announcement of an Iran nuclear agreement:
“If this framework agreement with Iran is a major victory as the White House claims, I’d hate to see what defeat would have looked like. This deal makes clear the administration has given up on the goal of dismantling Iran’s nuclear program and has now settled for simply managing it. What little it could accomplish is solely based on whether the Iranian regime follows through on its commitments, which it has repeatedly failed to do in the past.
“The president’s promise to ease U.S. sanctions on Iran in exchange for its agreement to this flimsy accord is irresponsible foreign policy. No sanctions should be lifted until Congress and the American people have had an opportunity to examine the fine print of this deal. The stakes are far too high for the U.S. and our ally Israel to accept any agreement that allows Iran to further its nuclear ambitions.”
Marchant joined over 300 members of Congress in signing a letter to President Obama stating that no sanctions should be lifted if an Iranian nuclear agreement does not completely forclose on Iran's pursuit of a nuclear weapon. The letter can be found here.
Today, U.S. Congressman Kenny Marchant (TX-24) introduced H.R. 1657, the Fairness for Americans in Internal Revenue Refunds (FAIRR) Act. The legislation takes steps to preserve and strengthen the Earned Income Tax Credit (EITC) by prohibiting the credit’s administration to illegal immigrants who receive Social Security Numbers under the president’s deferred action executive orders.
Marchant released the following statement upon the bill’s introduction:
“Under the president’s unilateral amnesty orders, millions of illegal immigrants are to be given U.S. Social Security Numbers and work permits. Not only will this allow illegal immigrants to claim the Earned Income Tax Credit for future work, it will also give them the ability collect EITC tax refunds on previous earnings from unauthorized work. In short, the president has transformed a widely successful welfare-to-work tax provision for low-income individuals into a cash bonus for those who have been working in the U.S. illegally.
“Action must be taken to ensure that the president’s unilateral amnesty orders do not jeopardize the EITC’s effectiveness and availability for American workers. That’s why I have introduced the FAIRR Act. This bill would prevent any beneficiary of the president’s unilateral amnesty orders from claiming the EITC. The legislation would also apply to any similar executive action the president might take in the future.
“In preserving the EITC only for its intended recipients, the FAIRR Act takes meaningful steps to safeguard taxpayer dollars and protects this important tax provision for low-income Americans. Individuals who have broken our nation’s immigration laws should not be rewarded at taxpayer expense.”
The Earned Income Tax Credit is a long-standing refundable tax credit for low-to-moderate income Americans that encourages and rewards work, thereby creating an incentive for people to seek employment rather than welfare benefits. The credit has been successful in helping millions of Americans lift themselves out of poverty.
Marchant’s FAIRR Act would prevent the EITC from being distributed to illegal immigrants who have obtained an SSN through any past, present, or future deferred action executive order. The legislation also prohibits any such illegal immigrant from making amended filings to collect EITC refunds for years during which they were not authorized to work. For a one page summary of the bill, please click here.
1110 Longworth HOB
Washington, DC 20515
As a lifelong conservative, Congressman Kenny Marchant is committed to the values of limited government and fiscal responsibility. Congressman Marchant has a strong record of fighting for lower taxes, eliminating wasteful government spending, bringing accountability and transparency to government, supporting free markets and opposing bailouts, securing our borders and enforcing our immigration laws, and protecting human life in all its stages.
Congressman Marchant was born in Bonham, Texas on February 23, 1951, and was then raised in Carrollton. He earned his bachelor’s degree at Southern Nazarene University.
After graduating from Southern Nazarene University, Congressman Marchant started his own construction and home building business. As a small business owner, he was responsible for creating jobs and meeting a regular payroll, an experience that taught him the importance of entrepreneurship and free enterprise.
Congressman Marchant’s commitment to public service led him to run for the Carrollton City Council, where he was elected and served for four years before being elected mayor of Carrollton. After serving two years as mayor of Carrollton, he was elected to the Texas House of Representatives in 1986.
As a state representative, Congressman Marchant earned a reputation as a strong conservative leader and consensus-builder. In the Texas House, he served as Chairman of the House Committee on Banking and Investments, where he authored legislation strengthening oversight of credit unions, allowing interstate branch banking, enforcing state laws relating to corporate fraud, securing public investments, and allowing access to home equity. In 1999, his colleagues elected him Chair of the House Republican Caucus, a position he held for four years.
During his time in the Texas House, Congressman Marchant was named a “Top Ten Legislator” by Texas Monthly, “Legislator of the Year” by the Texas Municipal League, and “Top Pro-Family Legislator of the Year” by the American Family Association for his consistent record of sponsoring and supporting pro-family legislation.
In 2004, he was elected to represent Texas’ 24th Congressional District. As a member of Congress, he has received numerous honors and awards, including the Center for Security Policy’s “Champion of National Security” Award for his strong record of defending America’s sovereignty, safety, and freedom; the Council for Citizens Against Government Waste’s “Taxpayer Hero” Award for his principled stand against earmarks and excessive government spending; the Club for Growth’s “Defender of Economic Freedom” Award for his consistent record of cutting taxes and reducing the size of government; the American Conservative Union’s “Defender of Liberty” Award for his commitment to conservative principles; and the National Federation of Independent Business’ “Guardian of Small Business” Award for his unwavering support for small business.
Congressman Marchant currently serves on the House Committee on Ways & Means. The Ways and Means Committee is often said to be the most influential committee because of its broad jurisdiction that includes tax policy, Social Security, trade, and Medicare. Congressman Marchant serves as a member of the Subcommittee on Oversight and the Subcommittee on Select Revenue Measures. In the 113th Congress, he was selected by Ways and Means Chairman Dave Camp to Chair the Tax Reform Working Group on Debt, Equity and Capital as part of the Committee’s effort to achieve comprehensive tax reform.
In addition, Congressman Marchant serves as a senior member on the House Committee on Education and Workforce which handles education, health, workforce, and pension policy. This marks a return to a committee he served on in the 109th and 110th Congresses.
Congressman Marchant is also an active member of the Republican Study Committee (RSC). The RSC is a group of House Republicans organized for the purpose of advancing a conservative social and economic agenda in the House of Representatives.
Congressman Marchant and his wife Donna reside in Coppell, Texas. They raised their four children (three sons and one daughter) in the 24th District and are proud grandparents of two granddaughters. He is a graduate of R.L. Turner High School in Carrollton, Texas and holds an honorary doctorate degree from Southern Nazarene University.
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I'm pleased to announce the finalists of this year's Congressional Art Competition. Congratulations to these young artists and thank you to all
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