Gallego Votes for Bipartisan Tax Package that Enhances Child Tax Credit
As the son of a single mom who worked to provide for her family, Gallego understands the importance of the CTC for Arizona families
WASHINGTON – Today, Rep. Ruben Gallego (AZ-03) proudly voted to support H.R. 7024, the Tax Relief for American Families and Workers Act, a bipartisan tax package that expands the Child Tax Credit (CTC) for hardworking Arizonans and brings needed tax-relief to Arizona small businesses and companies.
“As the son of a single mother who worked hard to provide for me and my sisters, I know just how much of a relief a tax break can be for everyday Arizona families,” said Rep. Gallego. “That’s why I’m proud to support this bipartisan tax package so we can both continue to support hardworking Arizonans and build an economy in our state that will grow for decades to come.”
The Tax Relief for American Families and Workers Act contains a number of important tax reforms, including an extension and expansion of the CTC—a tax break for everyday families, an expansion of the Low-Income Housing Tax Credit, and reforms to research and development expensing for businesses. The expanded CTC is expected to benefit 424,000 Arizona children in its first year.
“The Greater Phoenix Chamber believes H.R. 7024 will continue the vital economic investments made by the booming semiconductor and tech sectors happening in our great state of Arizona,” said Todd Sanders, President & CEO of the Greater Phoenix Chamber. “We applaud Congressman Gallego for being a proponent for this vital piece of legislation that will ensure Arizona remains a competitive environment for businesses and their employees to live and work.”
Last week in Phoenix, Rep. Gallego held a roundtable with local stakeholders on his continued fight to lower costs for hardworking Arizonans. At the roundtable, Rep. Gallego discussed the need to expand the CTC—a sentiment the group agreed with.
WATCH: Representative Ruben Gallego hosts roundtable on cutting costs for Arizonans (ABC15)
The legislation is supported by UnidosUS, ReadyNation, the Arizona Technology Council, the Technology Councils of North America, Niagara Bottling, Network Lobby for Catholic Social Justice, the First Five Years Fund, Save the Children, the National Association of Manufacturers, the Rural Broadband Association, and more.