House Republican Policy Committee Chairman Kevin Hern (OK-01) released the following statement in support of the G7 global tax agreement. Hern led the House Ways and Means Committee’s Global Competitiveness Task Force last Congress, with a key focus on international tax.
“Thanks to President Trump and Secretary Bessent’s leadership on the world stage, we are moving in the right… Read more »
Republican Policy Committee Chairman Kevin Hern (OK-01) voted in favor of HR 4, a rescissions package eliminating over $9 billion of previously appropriated funds.
“A country that’s $37 trillion in debt needs to make tough fiscal decisions,” said Chairman Hern. “This isn’t easy, which is why President Trump is the only president in the last 25 years to submit a rescissions request to… Read more »
This week, the House of Representatives is expected to vote on the Rescissions Act of 2025 in response to a formal request submitted to Congress by President Donald Trump.
From 1974 to 2000, it was commonplace for the president to request rescissions of funding under the Congressional Budget and Impoundment Control Act of 1974. In fact, every president from Gerald Ford… Read more »
Why are foreign investment funds that finance predatory lawsuits against U.S. companies allowed to dodge taxes on their legal payouts? Good question, and now North Carolina Sen. Thom Tillis and Oklahoma Rep. Kevin Hern are seeking to close this anti-growth loophole.
Third-party litigation financing has exploded in recent years as private investment funds chase… Read more »
Representative Kevin Hern (OK-01) introduced HR 3512, the Tackling Predatory Litigation Funding Act to the House of Representatives this week, addressing the out-of-control third-party litigation funding (TPLF) market and providing much-needed relief for the middle class and curbing frivolous lawsuits. Senator Thom Tillis (R-NC) is leading the companion bill in the… Read more »
Republican Policy Committee Chairman Kevin Hern (OK-01) celebrated the passage of the One Big, Beautiful Bill Act in the House of Representatives this morning.
“President Trump and the American people gave us a clear mandate; today we delivered,” said Rep. Hern. “While Democrats have been demagoguing and fearmongering, spreading lies about what this legislation does or… Read more »
The April 15 tax deadline is never a fun day for small business owners, but this year, the date collides with ongoing global economic uncertainty. Entrepreneurs crave predictability, and while the macro situation remains fluid, there is one thing Congress can do right now to provide stability: extend the 2017 Tax Cuts and Jobs Act (TCJA).
Passed during President Donald Trump’s first… Read more »
Republican Policy Committee Chairman Kevin Hern (OK-01) voted in favor of the Senate Amendment to H. Con. Res. 14, the budget framework for the reconciliation process. This vote unlocks the next step in reconciliation, where committees of jurisdiction will draft policy language to meet the budget targets.
“Thanks to President Trump, Republicans have this rare opportunity to… Read more »
Most Americans have not heard a single word about the most important thing happening in Washington, DC, this year.
While many are familiar with President Trump’s 2017 Tax Cuts and Jobs Act (TCJA), few know that some of the most important tax cuts in that bill are set to expire at the end of 2025. Some of the provisions have already expired.
This means that whoever wins this… Read more »
TULSA, OK – Today, the Bureau of Labor Statistics (BLS) released the jobs report for July 2024, revealing a slowdown in job growth with 114,000 new jobs added, a significant drop from June’s 179,000. The unemployment rate has risen to 4.3 percent, the highest since October 2021, marking the fourth consecutive month of increase. Read more »
