{"database": "press", "table": "releases", "rows": [["http://noem.house.gov/index.cfm/press-releases?ContentRecord_id=33FFF24D-A792-4FB9-B472-F15F91E6B657", "Committee Approves Noem-Sponsored Tax Reform 2.0", "2018-09-13", "2018", "2018-09", "Republican", "House", "SD", "Kristi Noem", "N000184", "noem.house.gov", null, null, "legacy", "Rep. Kristi Noem today helped advance Tax Reform 2.0 through the House Ways and Means Committee, setting the stage for the full House to consider the bill in the weeks ahead. The Noem-backed legislation is a three-pronged approach to make permanent the tax relief families and small businesses received through the Tax Cuts and Jobs Act. Furthermore, it includes provisions to simplify retirement savings and promote innovation for startup operations.\r\nSince President Trump signed our historic tax cuts last year, we've seen our economy roar back, producing more job opportunities and larger paychecks for South Dakotans, said Noem. Tax Reform 2.0 would make sure the benefits families are enjoying today are benefits they'll be able to enjoy long into the future. In addition to that, we've added new options for folks at all stages of life  from starting a business to starting a family to starting retirement. I look forward to continuing this debate in the full House and am incredibly optimistic about what this plan can do for the hardworking people of South Dakota.\r\nLast year, Noem served as one of the only farmers or ranchers on the final tax reform negotiating team, making her a critical advocate for South Dakota's number one industry. The legislation gave producers access to enhanced expensing tools, immediate deductibility, and like-kind exchanges, all of which are being made permanent in Tax Reform 2.0.\r\nHighlights of Tax Reform 2.0\r\n \r\nMakes the following provisions from 2017's historic tax cut permanent:\r\n\r\nLower tax rate\r\nDoubling of the Child Tax Credit from $1,000/child to $2,000/child\r\nDoubling of exemption levels for the Death Tax\r\nFirst-ever Paid Family Leave Tax Credit\r\n\r\n \r\n \r\nCreates a new Universal Savings Account to offer a fully flexible savings tool for families\r\nExpands 529 Education Savings Accounts, so families can use the money to pay for apprenticeship fees, homeschooling, or student debt\r\nOffers New Baby Savings by allowing families to access their own retirement accounts penalty-free for expenses when welcoming a new child through birth or adoption\r\nAllows small businesses to join together to create a 401(k) plan more affordably\r\nAllows new businesses to write off more of their initial start-up costs", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["http://noem.house.gov/index.cfm/press-releases?ContentRecord_id=33FFF24D-A792-4FB9-B472-F15F91E6B657"], "units": {}, "query_ms": 1.75372208468616, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}