Economy
For far too long, America’s broken tax code held our economy back from creating jobs, raising wages, and expanding opportunity for Americans. 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 six years we have seen historically low unemployment rates, record-breaking investment in American companies, and economic expansion throughout the United States.
I have taken the following action to strengthen our economy:
- 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
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.
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.
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.
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.
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:
WASHINGTON, D.C. – Congressman John Rutherford (FL-04) made the following statement regarding this evening's State of the Union address:
WASHINGTON, D.C. - Today, Congressman John Rutherford released the following statement after the Trump Administration announced their proposal to open up waters off Florida's coasts to oil and gas exploration:
WASHINGTON, D.C. – Today, Congressman John Rutherford released the following statement after the House passed the Tax Cuts and Jobs Act:
WASHINGTON, D.C. - Today, Congressman John Rutherford voted in favor of the Tax Cuts and Jobs Act, a major tax reform measure to reduce the tax burden on individuals, families, and small businesses.