Peoria, Illinois – Congressman Darin LaHood (IL-16) – a member of the House Committee on Ways and Means – hosted a roundtable focused on the tax provisions in the One Big Beautiful Bill Act alongside the U.S. Chamber of Commerce and the McLean County Chamber of Commerce.
“With the passage of the One Big Beautiful Bill Act, Republicans created predictability and certainty in our tax code by permanently extending the 199A deduction, full research and development expensing, and business interest deductions,” said Rep. LaHood. “Throughout the drafting process, I was proud to champion policies that would benefit Illinois’ 16th Congressional District including the expansion of the affordable housing tax credit and the extension of the 45Z biofuels tax credit. Through deregulation, promoting fair trade deals, and providing certainty in our tax code, Congressional Republicans and President Trump are delivering for our economy while creating an environment that allows workers, businesses, and investors to thrive.”
"The U.S. Chamber extends its gratitude to Congressman LaHood for his leadership in advocating for legislation that supports a competitive tax code, which in turn expands opportunities for small businesses and workers in Illinois and across the country,” said Kevin Courtois, Vice President, Great Lakes Region at the U.S. Chamber of Commerce. “By supporting pro-growth policies, Congressman LaHood is helping to build a stronger, more resilient economy that benefits all Americans.”
“Our members appreciated the opportunity to have dialogue with Congressman LaHood about the importance of pro-growth, pro-business tax policy,” said Charlie Moore, President and CEO of the McLean County Chamber of Commerce. “We are grateful for his leadership in advocating for a competitive business tax environment that allows our members to invest in the future of their businesses, employees, and our local communities.”
Background:
Joining Rep. LaHood at the roundtable were U.S. Chamber of Commerce Vice President of the Great Lakes Region Kevin Courtois, McLean County Chamber of Commerce, and local business owners.
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