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Representatives Devin Nunes (CA-21), Ron Kind (WI-03), Tom Cole (OK-03), Earl Blumenauer (OR-3), and Senators Debbie Stabenow (MI) and John Thune (SD) today announced the bi-cameral introduction of legislation that will provide a tax exemption for agricultural research. The legislation introduced today seeks to spur the research and innovation necessary to double food production by 2050 when the g... Read more »

Representatives Devin Nunes (CA-21), Allyson Schwartz (PA-13), Pat Meehan (PA-07), William Pascrell (NJ-08), Jim Gerlach (PA-06), Jason Altmire (PA-04), Rep. Charlie Dent (PA-15), and Chaka Fattah (PA-02) today introduced the Life Sciences Jobs and Investment Act. The bill, which was introduced in the Senate by Robert Casey Jr. (PA), promotes investments in the life sciences by providing targeted ... Read more »

Recent media accounts confirm the findings of a report from the Joint Committee on Taxation (JCT): a majority of American households do not pay any federal income taxes. Almost incomprehensibly, significant numbers of both higher and lower earners are paying zero income tax. A recent Bloomberg article highlighted the fact that the “number of people who reported incomes of at least $200,000 and pai... Read more »