Taxes

U.S. Representative Drew Ferguson (R-GA-03) and U.S. Senator David Perdue (R-GA) visited Aflac’s World Headquarters in Columbus, Georgia to meet with employees about recent changes to the federal tax code. In response to savings from federal tax cuts, Aflac announced a $250 million increase in the company’s overall U.S. investment, which included raising their 401(k) match for… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement on the passage of his bill, H.R. 5446, to limit Internal Revenue Service (IRS) overreach. “It is fitting that on the last day Americans have to live under our outdated tax code, we also passed my legislation to rein in the IRS,” said Ferguson. “H.R. 5446 marks an important step to prevent the IRS… Read more »

Congressman Drew Ferguson (R-Ga.) today introduced H.R. 5446. This legislation would modify the definition of a “perishable” good to limit the Internal Revenue Service’s (IRS) ability to deem seized property as “perishable.” This will prevent the IRS from inappropriately utilizing same day sale provisions, which can lead to seized property being sold for… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement praising Georgia Power’s announcement that customers will receive $1.2 billion in benefits because of the Tax Cuts and Jobs Act: “The success of the Tax Cuts and Jobs Act continues to grow. I am thrilled to see that Georgians will continue to see direct benefits because of this legislation, including… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement on the Treasury Department’s release of updated tax withholding tables based on the policy changes made by the Tax Cuts and Jobs Act: “These new withholding tables will update the way your employer calculates your take-home pay, meaning more money in your paycheck that you can spend as you see… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement on how tax reform is already helping Georgians: “I have long said that the United States should be the best place in the world to do business, and the Tax Cuts and Jobs Act is already providing a better climate for American job creators and workers. Since this legislation was signed into law, over one hundred… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement after the passage of the Tax Cuts and Jobs Act: “This is an exciting day for Georgians in the Third District and people across America. The individual tax cuts in this bill give Americans real tax relief for the first time in a generation, ensuring hard-working folks can take home more of the money they… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement following the passage of H.R. 1, the Tax Cuts and Jobs Act: “With today’s vote, I kept my promise to the folks of the Third District to advance once in a generation tax reform for American families and businesses alike. This legislation provides real tax relief for Georgians, simplifies our complicated… Read more »

Congressman Drew Ferguson (R-Ga.) today released the following statement after meeting with President Donald Trump and other legislators to discuss tax reform. “I was honored to be asked to participate in today’s meeting with the President. We covered a number of important topics, but chief among them was tax reform. The people of the Third District sent me to Washington… Read more »

Congressman Drew Ferguson (R-Ga.) today introduced his first bill as a Member of Congress. The bill, the Child Tax Credit Protection Act, would close a loophole in current tax law that allows unlawful individuals to claim the Child Tax Credit (CTC) deduction without providing a valid social security number. The CTC was put in place to provide a tax credit for lower income Americans with… Read more »