Tax Relief for American Families and Workers Act

The bipartisan Tax Relief for the American Families and Workers Act of 2024 (H.R. 7024) would mean major tax savings on investments by restaurants and small businesses.

The provisions in this bill would restore business interest deductibility and bring back the 100% bonus depreciation for capital equipment purchases that make it easier for restaurant operators to remain competitive and improve economic growth.

The bill has been cleared for a Senate floor vote as directed by Senate Majority Leader Schumer (D-NY). Under this procedural step, the tax relief bill can now skip the Finance Committee and be voted on by the entire Senate. If this occurs, it will likely take place in the April 8 – 19 period.

If you agree with the Tax Relief for American Families and Workers Act , please urge your senators to vote yes.

More Info

contact Senators