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  • House Votes for Historic Tax Reform
    Posted in Press Releases on December 19, 2017 | Preview rr
    Tags: Tax Reform

    WASHINGTON– Congressman Steve Womack (AR-3) released today the following statement after the House agreed to the Conference Report to accompany H.R. 1, the Tax Cuts and Jobs Act: "For the first time in over three decades, Congress has voted to fundamentally reform our tax code. This bill allows hardworking Americans to keep more of their paycheck, creates jobs and increases wages by making American businesses competitive again, and simplifies a code that has become riddled with loopholes. I comm... Read more

  • Relief for State - Tax reform to aid Arkansans
    Posted in Opinion Pieces on December 16, 2017 | Preview rr
    Tags: Tax Reform

    Fulfilling our promise of a fair and simple tax code is a top priority in Congress. For decades, tax season has brought unnecessary stress and anxiety on families across our state and nation. People are spending over six billion hours and $168 billion annually to file their returns with a total of 90 percent of taxpayers being forced to hire a tax professional. On Nov. 16, we supported and passed the Tax Cuts and Jobs Act in the House, while the Senate passed its version on Dec. 2. For the first... Read more

  • Womack Cast a YEA Vote for Historic Tax Cuts and Jobs Act
    Posted in Press Releases on November 16, 2017 | Preview rr
    Tags: Tax Reform

    WASHINGTON– Congressman Steve Womack (AR-3) released today the following statement after the House passed H.R. 1, the Tax Cuts and Jobs Act: “For the first time in over three decades, the House has taken action to allow Americans to keep more of their hard-earned money while making our businesses competitive with their global counterparts. Growing our economy, simplifying the tax code, and helping hard-working Americans is something worth celebrating.” Congressman Steve Womack has represented Ar... Read more

  • Womack Votes YEA to Move Forward with Tax Reform
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: Tax Reform, Budget

    WASHINGTON– Congressman Steve Womack (AR-3) today released the following statement after the House adoption of the Senate Amendment to H.Con.Res. 71, Establishing the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027: “My vote to support the budget resolution has little to do with the resolution itself. Rather, it’s necessary to move tax reform, a critical maneuver in jumpstarting the e... Read more

  • Womack Wants Tax Reform for All Americans
    Posted in Press Releases on September 27, 2017 | Preview rr
    Tags: Tax Reform

    WASHINGTON– Congressman Steve Womack (AR-3) released today the following statement after the framework for tax reform was released: “Our current tax code is complicated, confusing, and full of special-interest loopholes. It has been 31 years since we have had major reform, and I am optimistic about the unified framework laid out today. Americans deserve to keep more of their hard-earned paychecks and spend less time filing taxes. Tax relief for small businesses is necessary in order for them to ... Read more

  • Womack Applauds Introduction of Remote Transaction Parity Act
    Posted in Press Releases on June 15, 2015 | Preview rr
    Tags: Tax Reform, Small Business

    Congressman Jason Chaffetz (R-UT-3) and Congressman Steve Womack (R-AR-3) – along with a group of bipartisan lawmakers – today introduced the Remote Transaction Parity Act (RTPA; H.R. 2775), a bill that will modernize our nation’s outdated sales tax collection process. The legislation, which will be referred to the House Judiciary Committee because of its interstate commerce nexus, will promote state’s rights and bring sales tax parity between e-retailers and brick-and-mortar stores. Upon introd... Read more

  • Womack Votes to Provide Small Businesses, Farmers Tax Relief
    Posted in Press Releases on February 13, 2015 | Preview rr
    Tags: Tax Reform, Agriculture, Small Business

    Congressman Steve Womack (AR-3) today released the following statement in response to the passage of America’s Small Business Tax Relief Act of 2015 (H.R. 636), which creates stability for small business owners, farmers, and ranchers by making permanent increased Section 179 small business expensing: “I applaud the passage of H.R. 636 and the steps the House continues to take to support job creation. Arkansas farmers and small business owners need to have faith in a stable tax code so they can f... Read more

  • Womack, Kind Introduce Fair BEER Act
    Posted in Press Releases on February 5, 2015 | Preview rr
    Tags: Tax Reform

    Federal excise taxes for all beer importers and for brewers of more than two million barrels annually are currently $18 per barrel. Brewers that produce less than two million barrels annually are taxed at a rate of $7 per barrel for their first 60,000 barrels, significantly decreasing their effective tax rate. While this reduced tax rate has successfully encouraged new entry into the market, it unintentionally created a barrier to further growth. Today, Representatives Steve Womack (R-AR-3) and ... Read more

  • Arkansas House Delegation Votes to End Taxpayer Funding for Abortion
    Posted in Press Releases on January 28, 2014 | Preview rr
    Tags: Tax Reform, Abortion

    Congressmen Steve Womack (AR-3), Rick Crawford (AR-1), Tim Griffin (AR-2), and Tom Cotton (AR-4) today joined a bipartisan group of 227 House colleagues to pass H.R. 7, the No Taxpayer Funding For Abortion Act. This legislation enacts a permanent ban on the use of all federal dollars to fund abortions and eliminates tax credits and subsidies for Obamacare health plans that include elective abortion coverage. “People who morally object to abortion shouldn't have to finance it," said Womack. “I am... Read more

  • Policy Update: Tax Reform
    Posted in Blog on August 9, 2013 | Preview rr
    Tags: Tax Reform

    These days, Congress doesn't agree on much. But there is bipartisan support in Washington for comprehensive tax reform. In May, the House passed a budget resolution that set forth our vision for reform. It called for consolidating the six individual income tax brackets into two brackets, a 10 percent bracket and a 25 percent bracket, and lowering the corporate tax rate. Our tax code is a lot like our government - it's broken. It’s nearly four million words long. It’s riddled with lobbyist-loopho... Read more

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