{"database": "press", "table": "releases", "rows": [["http://noem.house.gov/index.cfm/press-releases?ContentRecord_id=CB6E8BF4-527D-46FB-B128-C526EE73E1B9", "Noem: Tax Reform Means Stronger Families and a Stronger Future", "2017-11-02", "2017", "2017-11", "Republican", "House", "SD", "Kristi Noem", "N000184", "noem.house.gov", null, null, "legacy", "Rep. Kristi Noem today announced the release of a once-in-a-generation tax reform package which aims to strengthen families and offer a stronger future for all Americans. The legislation was drafted by the House Ways and Means Committee, on which Rep. Noem is the first South Dakotan in history to serve. For the latest information, please visit Noem.House.gov/TaxReform\r\n\u201cPeople deserve a break,\u201d said Noem. \u201cFor years, we\u2019ve watched as energy, food, healthcare and child care costs increased, but people\u2019s paychecks remained largely unchanged. Small businesses have had a hard time expanding in that type of environment, and families have struggled to achieve the degree of financial independence they\u2019re aiming for. In order for America to move beyond this, we need a tax code designed to strengthen our families and offer a more optimistic future. While no proposal will be perfect in everyone\u2019s eyes, the Tax Cuts and Jobs Act would make the tax code much more simple and fair, delivering family-friendly credits, lower tax rates, small business incentives, and, ultimately, a full and permanent repeal of the Death Tax. It\u2019s taken years to get to this point, but I\u2019m encouraged by the progress and look forward to continuing this debate in upcoming committee meetings.\u201d\r\nThe tax reform package released today would:\r\n \r\nSubstantially simplify the tax code so an individual or family can file their taxes on a form as simple as a postcard.\r\nSignificantly lower individual tax rates for low- and middle-income Americans to Zero, 12%, 25% and 35%. High-income Americans will maintain the 39.6% rate.\r\n\r\n0%: Married couples making less than $24,000 / Single filers making less than $12,000 (the increased standard deduction protects these families from taxation)\r\n12%: Married couples making $24,000-$90,000 / Single filers making $12,000-$45,000\r\n25%: Married couples making $90,000-$260,000 / Single filers making $45,000-$200,000\r\n35%: Married couples making $260,000-$1,000,000 / Single filers making $200,000-$500,000\r\n39.6%: Married couples making more than $1,000,000 / Single filers making more than $500,000\r\n\r\nNearly double the standard deduction to $24,000 for married couples and $12,000 for single filers.\r\nProvide unprecedented support for families.\r\n\r\nIncreases the Child Tax Credit to $1,600 per child (60% larger than under current policy).\r\nEliminates the \u201cmarriage penalty.\u201d\r\nCreates a new Family Flexibility Credit, which provides a credit of $300 for each parent and non-child dependent.\r\nPreserves the Child and Dependent Care Tax Credit (also known as the Child Care Credit) to better support working parents.\r\n\r\nPhase in full and permanent Death Tax Repeal by doubling the Death Tax exemption levels for the first six years and then fully repealing the Death Tax by 2024.\r\nPreserve and strengthen the Earned Income Tax Credit with provisions to stop widely reported fraud.\r\nPreserve the Home Mortgage Interest Deduction for existing mortgages and maintains the home mortgage interest deduction for newly purchased homes up to $500,000.\r\nRetain popular retirement savings options, such as the 401(k)s and Individual Retirement Accounts.\r\nStreamline higher-education benefits.\r\nContinue the deduction for charitable contributions.\r\nExclude the Indian Health Service\u2019s Student Loan Repayment program from tax to help in recruiting. It\u2019s based on Noem\u2019s 2016 legislation. \r\nAllow businesses to immediately write off the full cost of new equipment, which is critical for South Dakota\u2019s agriculture community. \r\nCreate a separate and historically low small business tax rate.\r\nLower the corporate tax rate to a globally competitive 20%.\r\n \r\nNoem was selected for the House Ways and Means Committee in January 2015. Just over a year later, the committee released a blueprint for tax reform that outlined what a pro-growth, pro-family tax plan would look like. Over the course of the next year, Rep. Noem sat down with hundreds of South Dakotans to discuss the plan \u2013 both in the state and in her Washington, D.C. office. Noem also participated in more than a dozen formal Ways and Means Committee hearings on tax reform and brought South Dakota farmer Scott VanderWal to the table to testify on tax reform\u2019s impact on agriculture.\r\nAll in all, the House Ways and Means Committee has been working on this proposal for more than six years, holding more than 40 public hearings since 2011.", 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=CB6E8BF4-527D-46FB-B128-C526EE73E1B9"], "units": {}, "query_ms": 1.185593893751502, "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"}