ICYMI: Hinson Voices Iowans’ Tax Priorities Before Ways and Means Committee

Washington, D.C. - Last week, Congresswoman Ashley Hinson (IA-02) testified before the House Ways and Means Committee to advocate for tax policies that will help Iowans keep more of their hard-earned dollars and promote economic growth. Hinson addressed small business tax credits, investment in biofuels, support for manufacturing, tax credits to support working families, and more.

On extending President Trump’s 2017 Tax Cuts and Jobs Act: 

"As a mom to two boys, I know the importance of providing tax relief to working families. The Trump Tax Cuts significantly expanded the Child Tax Credit, providing necessary support to millions of American families.  
 
"Building on those improvements, I introduced the Providing for Life Act to continue prioritizing the needs of families and ensure that they have the resources to thrive. 

"This comprehensive package supports families at every stage of life, including provisions for paid family leave, support for expecting parents and pregnancy centers, and an expanded Child Tax Credit with increased refundability and extended eligibility."

On the importance of biofuels to Iowa’s economy: 

“Tax provisions that incentivize new investment in the production of liquid transportation fuels – like biofuels, many made right in Iowa – will be a critical component of an energy strategy that bolsters our energy independence and lowers costs for consumers. This is especially important for my state. The biofuels industry contributes over $7 billion to our economy annually and supports nearly 57,000 jobs across Iowa.    
 
“I appreciate the [Ways and Means] Committee’s attention to potential improvements for tax incentives like the 45Z Clean Fuel Production Credit and the 40B Sustainable Aviation Fuel Credit. Ensuring that these are preserved and effectively implemented will support new opportunities for homegrown liquid transportation fuels and continue to bring millions of dollars in private sector investments to states like Iowa. As we like to say, it’s an all of the above, and all of the below strategy. 
 
“Congress should ensure these credits are driven by the needs of producers, providing farmers with the flexibility that rewards them for their good practices while providing long-term certainty to make those new investments."

Watch the full hearing testimony here.

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