Rep. Harris Issues Statement on Revised Tax Legislation
Targeted News Service
WASHINGTON, Dec. 18 -- Rep. Andy Harris, R-Maryland, issued the following statement in support of the revised Tax Cuts and Jobs Act:
"The Conference committee delivered a Tax Cuts and Jobs Act that will lower taxes, stimulate economic growth, and create new jobs. The bill will protect the deductions that many working families depend on and repeals the burdensome Obamacare individual mandate penalty tax, so that Maryland families can be free to choose the health insurance plans that best meet their household needs.
"I commend my colleagues on the Conference committee for their hard work. I am proud to support this historic pro-job growth tax reform that will lower taxes and put more money back into the pockets of hardworking Marylanders. I also thank my colleagues on the Conference for working with me to protect key deductions, including a revised state and local tax deduction.
"The Tax Cuts and Jobs Act will create a pro-job growth economy by encouraging employers to bring their operations back to the U.S. from overseas, by lowering tax rates to a globally competitive level, and by enhancing the deductions that encourage companies to reinvest into their own operations."
House GOP Unveils $81B Disaster Relief For Hurricanes, Fires
Latin American Headlines at 11:23 p.m. EST
Advisor News
- Why timing the market is still a retirement mistake and what to do instead
- Business owners may be overlooking a key part of their financial picture
- How smart investments prepare clients for inflation
- Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
- The biggest risk to your clients’ financial plans isn’t market volatility
More Advisor NewsAnnuity News
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity NewsHealth/Employee Benefits News
- How much money do Connecticut residents need to retire comfortably?
- Sparks Financial Announces Addition of Industry Leader Scott Theodore
- As Luigi Mangione's lawyers head to court, support grows for the accused 'vigilante'
- Assembly Democrats unite to tax software, health plans in revenue-raising package
- Final rules for Medicaid work requirements are out. Here's what you need to know.
More Health/Employee Benefits NewsLife Insurance News
- How much money do Connecticut residents need to retire comfortably?
- Sparks Financial Announces Addition of Industry Leader Scott Theodore
- AM Best Assigns Issue Credit Rating to Massachusetts Mutual Life Insurance Company’s New Surplus Notes
- Greg Lindberg slams ‘vindictiveness’ in fight for prison computer access
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
More Life Insurance News