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 »
Washington, DC – Today, Representative Kevin Hern’s (OK-01) Education and Workforce Freedom Act passed out of the House Ways and Means Committee. The legislation would allow 529 plans to be used for additional educational expenses in connection with attending K-12, including homeschooling, and will also expand to include workers obtaining credentials or licenses through career… Read more »
WASHINGTON, D.C. – Republican Study Committee (RSC) Chairman Kevin Hern (OK-01) released the following statement in response to the Supreme Court overruling the Chevron doctrine.
“It’s time for lawmakers to take back our legislative power,” said Chairman Hern. “This is an opportunity for us to be better legislators - and ensure that unelected bureaucrats… Read more »
Too often, politicians in Washington talk about things they know nothing about. Take President Joe Biden and the economy. He said all the right things during the recent National Small Business Week, correctly stating that small businesses “embody the spirit of America and our boundless possibilities.” But talk is cheap. When those same businesses needed Biden the most, he let them down,… Read more »
WASHINGTON, DC – Representative Kevin Hern (OK-01) released the following statement criticizing President Joe Biden’s veto of a bipartisan CRA repealing NLRB’s joint employer rule.
“President Biden’s veto of bipartisan legislation to help small businesses is a slap in the face to hardworking Americans,” Rep. Hern said. “This veto goes against the requests of… Read more »
WASHINGTON, DC – Today, RSC Chairman Kevin Hern released the following statement following President Biden’s release of his FY 25 Budget:
“Biden’s budget is nothing more than a left-wing wish list filled with massive spending that will only exacerbate the $34 trillion and counting in debt,” said RSC Chairman Kevin Hern. “The American taxpayers deserve a plan to protect… Read more »
WASHINGTON, DC – Representative Kevin Hern (OK-01) introduced the Supply Chain Security Act to address the unintended consequences of the final foreign tax credit (FTC) regulations issued by the Department of the Treasury and the IRS on December 28, 2021. These regulations risk subjecting U.S. multinational corporations to double taxation and discourage investment in crucial supply chain… Read more »
