Taxes

Today, Congressman Glenn Grothman (WI-06) introduced the Tax Fairness Act to bring more equity to the U.S. tax code by eliminating the carried interest loophole used by private equity, venture capital, and hedge fund managers to receive preferential tax treatment. What does that mean? When high-flying hedge fund managers control funds comprised of money from other investors, they… Read more »

Congressman Glenn Grothman (R-Glenbeulah) today issued the following statement after voting in favor of the Tax Cuts & Jobs Act to modernize the tax code, make America’s business climate more competitive and deliver tax relief to American families and workers. “The Tax Cuts & Jobs Act is good for the American people and encourages a strong economy. “I feel the tax cuts in this… Read more »

Congressman Glenn Grothman (R-Glenbeulah) today issued the following statement as the U.S. House of Representatives turns its attention to tax reform: “I’ve said time and time again that any tax reform the House takes up should focus on helping lift the burdens on the middle class. Commonsense reform will create jobs, increase wages and leave more money in the pockets of working… Read more »

Grothman Votes to Protect Free Speech, Prevent Targeting by IRS  (Washington, D.C.) – Congressman Glenn Grothman (R-Glenbeulah) today voted in favor of a bill that prevents tax-exempt, nonprofit organizations from having to disclose sensitive donor information to the Internal Revenue Service (IRS). The Preventing IRS Abuse and Protecting Free Speech Act (H.R. 5053), of which… Read more »

(Washington, D.C.) - Rep. Glenn Grothman (R-Glenbeulah) introduced H.R. 2956 which addresses fraudulent claims on the earned income and child tax credits. These claims cost taxpayers billions of dollars every year. To solve this problem and save taxpayers money, Grothman’s bill prevents illegal immigrants from claiming the earned income tax credit (EITC) by limiting it only to U.S.… Read more »