Economy

For far too long, America’s broken tax code held back our economy from creating jobs, raising wages, and expanding opportunity for Americans. That’s why I was proud to support the passage of the Tax Cuts and Jobs Act of 2017, which has unleashed unprecedented economic growth in the United States. In the last three years we have seen historically low unemployment rates, record breaking investment in American companies, and economic expansion throughout the United States. You may be interested to know some of the following legislative actions I’ve taken in this regard: 

  • Helped pass the Tax Cuts and Jobs Act of 2017, historic tax reform that simplified the tax code, cut taxes for families and small businesses, and ushered in a new era of economic growth in America.
  • Introduced H.R. 5437, the Boosting America’s Exports Act, bipartisan legislation to help small businesses export their products.
  • Cosponsored H.R. 2213, bipartisan legislation to permanently extend the work opportunity tax credit.
  • Advocated for the bipartisan New Markets Tax Credit Extension Act of 2019, which would spur increased investments in underdeveloped markets.
  • Fought for tax relief for craft beverage producers to help small businesses invest and grow.
  • Supported passage of the SECURE Act that makes it easier for Americans to save for retirement

 

More on Economy

September 11, 2020 Rutherford Ride Alongs

After a brief pause due to the Coronavirus, I'm happy to say my “Rutherford Ride Alongs” are back! Today I visited Standard Feed & Seed in Northeast Florida to learn more about their day-to-day operations and the challenges they face as a growing business. For the past 73 years, Standard Feed & Seed has provided our community with assistance in gardening, raising livestock and chickens, and taking care of household pets.

September 8, 2020 Press Release

WASHINGTON, D.C. – Today, Congressman Rutherford applauds President Donald Trump’s announcement that the United States will officially close federal waters off the coast of Florida to offshore drilling through 2032.

March 27, 2020 Press Release

WASHINGTON, D.C. – Today, Congressman John Rutherford (FL-04) applauds the House passage of H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bipartisan legislation is the third economic assistance package approved by Congress to maintain stability and fight the COVID-19 pandemic.

June 12, 2019 Press Release

WASHINGTON, D.C. – Congressman John Rutherford (FL-04) announces $17.6 million from the U.S. Department of Transportation (DOT) to address rail congestion in Jacksonville’s urban core created by major railroad interchanges. Rutherford used his position on the House Appropriations Subcommittee that funds DOT to strongly advocate for this project in Washington.

February 8, 2019 Press Release

Jacksonville, FL – Today, Congressman John Rutherford joined Department of Transportation (DOT) Secretary Elaine Chao, Mayor Lenny Curry, Congressman Al Lawson, Jr. (FL-05), and Jacksonville city leaders to formally recognize the awarding of two Better Utilizing Investments to Leverage Development (BUILD) grants that will provide $25 million in federal funding for important projects in Downtown Jacksonville.

December 6, 2018 Press Release

Washington, D.C. - Today, the Department of Transportation (DOT) awarded two Better Utilizing Investments to Leverage Development (BUILD) grants that will provide $25 million in federal funding for important projects in Downtown Jacksonville. Jacksonville Transit Authority (JTA) will receive $12.5 million to fund their Bay Street Innovation Corridor, and the City of Jacksonville will receive $12.5 million to fund the Urban Core Riverfront Revitalization projects.

November 26, 2018 In The News

The Army Corps of Engineers has awarded another $46 million toward the harbor-deepening project to get parts of the St. Johns River deepend from 40 to 47 feet.

It comes nearly two months after the corps was awarded a second contract to deepen the next 5-mile stretch of the St. Johns River.

It’s focusing on deepening the river to Blount Island first to allow larger ships to off-load there but the entire project is still years from being finished and all the funding is not yet secured.

November 21, 2018 Press Release

Jacksonville, FL – Today, the U.S. Army Corps of Engineers awarded $46 million for the Jacksonville Harbor deep draft navigation project in its FY 2019 Work Plan. This comes in addition to the $50 million in federal funding directed to JAXPORT for the project over the past two fiscal years, representing a substantial federal investment in growing commerce and trade in Northeast Florida.

July 19, 2018 Press Release

WASHINGTON, D.C. – Today, the House of Representatives passed H.R. 6147, the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2019. This legislation funds programs that promote small business development, reduce burdensome regulations, protect our environment, improve our parks, increase important safety measures, and combat the opioid crisis.

 

Upon the bill’s passage, Congressman Rutherford released the following statement:

 

June 8, 2018 Press Release
WASHINGTON, D.C. – Today, the House of Representatives voted to pass H.R. 5895, the Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act for Fiscal Year 2019. This bill makes major investments in water infrastructure and coastal flood protection, increases funding for veterans’ health care and benefits, and bolsters our military assets.