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Tax Reform

SOCIAL INSECURITY: Rules meant to prevent double dipping eat away at retirement benefits for some residents

| Posted in In the News

BATON ROUGE, LA (WAFB) - Rules introduced in the Social Security Amendments of 1983 were intended to do some good by preventing those who collect a government salary from double dipping by getting the same advantages in Social Security payment calculations as private workers. However, two of those rules are catching federal, state, and parish workers…

Congressman Garret Graves remains critical of Restore Louisiana award distribution process

| Posted in In the News

DENHAM SPRINGS – Congressman Garret Graves on Thursday blasted the federally funded Restore Louisiana program for its sluggish award distribution for 2016 flood victims in Livingston and other parishes.The congressman made his comments during the March 29 meeting of the Kiwanis Club of Denham Springs.Restore Louisiana has doled out only $60 million of the $1.7 billion flood recovery…

Rep. Graves unhappy with $1.3 trillion spending bill, concerned about political partisanship

| Posted in In the News

After championing progress made toward improving U.S. infrastructure and the economy, U.S. Rep. Garret Graves said some areas in Congress and nationwide are "still broken"—like the growing national debt, the ongoing health care and gun debates and rampant political divisiveness, which he calls the biggest threat to our country. Graves, speaking today to the Rotary Club of Baton…

Hit by 2016 floods? Up to $500M in tax refunds available to Louisianans who refile

| Posted in In the News

Louisianans hit by floods in 2016 will want to dust off their old tax returns from that year to tap new deductions and cash in on hundreds of millions of federal tax relief dollars for those who saw homes, cars and other property ruined by rising waters.Two changes wrapped in December's GOP-backed tax cuts will let those hit by that year's devastating March and August floods write off far…

Disaster Tax Relief for 2016 Flood Victims

| Posted in In the News

In 2017, Congressman Graves introduced H.R. 2849, the Louisiana Flood and Storm Devastation Act of 2017, which would grant homeowners and individuals emergency tax relief. Graves and others successfully fought to ensure that these disaster-related, tax relief provisions were included in the major tax reform legislation recently enacted. Now, the IRS has released its guidance for this…

U.S. House approves legislation fixing SBA loan 'duplication of benefits' issue

| Posted in In the News

A bill giving more flood victims a chance at financial assistance overcame a major hurdle in Washington Thursday. The bill, passed by the U.S. House of Representatives, aims to fix the "duplication of benefits" issue that has plagued recovery efforts for many of those impacted by the August 2016 flood. Currently under federal guidelines, if someone receives or even just applies for an…

Graves Statement on Passage of Game Changing Tax Reform Legislation

| Posted in Press Releases

Congressman Garret Graves (R- South Louisiana) released the following statement after voting today in the US House of Representatives to pass the Conference Report to Accompany H.R. 1, the Tax Cuts and Jobs Act – a bill that reforms the nation's tax code for the first time in 31 years:"This is a game-changing rewrite of our tax system that finally puts what's best for people –…