Yakym Urges Support for Business Tax Incentive Legislation

November 29, 2023

The Honorable Mike Johnson
Speaker
House of Representatives
H-232, The Capitol
Washington, DC 20515

Dear Speaker Johnson:

We write to urge you to support legislative action in any upcoming package by the end of the year to support three important, pro-growth tax changes. Specifically, we support extending: immediate R&D expensing, full capital expensing, and a pro-growth interest deductibility rule.

In 2017, House Republicans led the way with the Tax Cuts and Jobs Act (TCJA), a once-in-a-generation tax reform. The TCJA improved America's competitiveness and solidified the U.S. as the best place in the world to do business. To build upon this achievement, we believe we need urgent legislative action to support, spur, and secure American innovation, jobs, and competitiveness.

Thankfully, Chairman Smith outlined a path forward with his Build It in America Act, which received strong support from the Republican members of the Ways and Means Committee.

While we, the undersigned members, do not sit on Chairman Smith's committee, we want to fully echo our colleagues in stressing consideration of these pro-growth tax changes by the end of 2023. Failing to act quickly will jeopardize hundreds of thousands of American jobs.

Sincerely,

Rudy Yakym III
Member of Congress

Daniel Meuser
Member of Congress

Bill Johnson
Member of Congress

Pete Sessions
Member of Congress

Jen A. Kiggans
Member of Congress

Blaine Luetkemeyer
Member of Congress

Russell Fry
Member of Congress

Andy Barr
Member of Congress

John Joyce, M.D.
Member of Congress

Ann Wagner
Member of Congress

Erin Houchin
Member of Congress

Jack Bergman
Member of Congress

David G. Valadao
Member of Congress

Mike Collins
Member of Congress

Charles J. "Chuck"
Fleischmann
Member of Congress

Glenn Grothman
Member of Congress

Barry Moore
Member of Congress

Larry Bucshon, M.D.
Member of Congress

Aaron Bean
Member of Congress

Diana Harshbarger
Member of Congress

Ashley Hinson
Member of Congress

Mariannette Miller-Meeks, M.D.
Member of Congress

Clay Higgins
Member of Congress

Jeff Duncan
Member of Congress

Brandon WIlliams
Member of Congress

Earl L. "Buddy" Carter
Member of Congress

Glenn "GT" Thompson
Member of Congress

Tim Burchett
Member of Congress

Randy K. Weber, Sr.
Member of Congress

Zach Nunn
Member of Congress

Laurel M. Lee
Member of Congress

Troy Balderson
Member of Congress

Paul A. Gosar, D.D.S.
Member of Congress

Bryan Steil
Member of Congress

Chuck Edwards
Member of Congress

Mark E. Amodei
Member of Congress

Brad Finstad
Member of Congress

Juan Ciscomani
Member of Congress

David Rouzer
Member of Congress

Nathaniel Moran
Member of Congress

Mary E. Miller
Member of Congress

Michael Guest
Member of Congress

Jay Obernolte
Member of Congress

Kelly Armstrong
Member of Congress

Don Bacon
Member of Congress

Pete Stauber
Member of Congress

Mike Bost
Member of Congress

Steve Womack
Member of Congress

Jake LaTurner
Member of Congress

John H. Rutherford
Member of Congress

Andy Biggs
Member of Congress

William R. Timmons, IV
Member of Congress

Dan Newhouse
Member of Congress

Dusty Johnson
Member of Congress

Ben Cline
Member of Congress

Dale W. Strong
Member of Congress

John S. Duarte
Member of Congress

Troy E. Nehls
Member of Congress

Tony Gonzales
Member of Congress

Virginia Foxx
Member of Congress

Lisa C. McClain
Member of Congress

Jerry L. Carl
Member of Congress

James R. Baird
Member of Congress

Mike Rogers
Member of Congress

Stephanie Bice
Member of Congress

Rick W. Allen
Member of Congress

Dan Crenshaw
Member of Congress

Michael K. Simpson
Member of Congress

Robert B. Aderholt
Member of Congress

Tom McClintock
Member of Congress

Warren Davidson
Member of Congress

Ken Calvert
Member of Congress

Derrick Van Orden
Member of Congress

Burgess Owens
Member of Congress

Trent Kelly
Member of Congress

Jake Ellzey
Member of Congress

Scott Fitzgerald
Member of Congress

Carlos A. Gimenez
Member of Congress

John James
Member of Congress

Debbie Lesko
Member of Congress

John R. Carter
Member of Congress

Christopher H. Smith
Member of Congress

Tracey Mann
Member of Congress

Mark Alford
Member of Congress

Lance Gooden
Member of Congress

Aumua Amata Coleman
Radewagen
Member of Congress

Bill Huizenga
Member of Congress

Tim Walberg
Member of Congress

Mario Diaz-Balart
Member of Congress

Max L. Miller
Member of Congress

Roger Williams
Member of Congress

Lori Chavez-DeRemer
Member of Congress

Barry Loudermilk
Member of Congress

Gary J. Palmer
Member of Congress

Joe Wilson
Member of Congress

Keith Self
Member of Congress

Jefferson Van Drew
Member of Congress

Sam Graves
Member of Congress

John R. Moolenaar
Member of Congress

Sam Graves
Member of Congress

Bob Good
Member of Congress

Tom Cole
Member of Congress

Michael C. Burgess, M.D.
Member of Congress

Mike Ezell
Member of Congress

Ronny L. Jackson
Member of Congress

Andrew S. Clyde
Member of Congress

Kat Cammack
Member of Congress

Monica De La Cruz
Member of Congress

John Rose
Member of Congress

Daniel Webster
Member of Congress

C. Scott Franklin
Member of Congress

Michael T. McCaul
Member of Congress

María Elvira Salazar
Member of Congress

Greg Pence
Member of Congress

Mike Flood
Member of Congress

Doug LaMalfa
Member of Congress

Frank D. Lucas
Member of Congress

Austin Scott
Member of Congress

Michael R. Turner
Member of Congress

Andrew Ogles
Member of Congress

Harold Rogers
Member of Congress

Robert E. Latta
Member of Congress

Cliff Bentz
Member of Congress

Byron Donalds
Member of Congress

Bruce Westerman
Member of Congress

Brian Babin, D.D.S.
Member of Congress

Gus M. Bilirakis
Member of Congress

Thomas P. Tiffany
Member of Congress

Neal P. Dunn, M.D.
Member of Congress

Ryan K. Zinke
Member of Congress

Michael Waltz
Member of Congress

Jim Jordan
Member of Congress

Morgan Luttrell
Member of Congress

August Pfluger
Member of Congress

Eric Burlison
Member of Congress

Russ Fulcher
Member of Congress

James Comer
Member of Congress

Darrell Issa
Member of Congress

David P. Joyce
Member of Congress

Alex X. Mooney
Member of Congress

Brian J. Mast
Member of Congress

Cory Mills
Member of Congress

Brett Guthrie
Member of Congress

Rich McCormick, MD, MBA
Member of Congress

Robert J. Wittman
Member of Congress

Andy Harris, M.D.
Member of Congress

Garret Graves
Member of Congress