Sen. Cruz Touts Tax Relief Legislation for Texans Impacted by HarveyPosted: Updated:
REFUGIO, Texas – U.S. Sen. Ted Cruz (R-Texas) today made several stops in the Corpus Christi area, where he visited storm victims and community leaders and shared how storm-impacted Texans can receive significant tax relief from his recent legislation signed into law by President Trump and co-sponsored by Sens. John Cornyn (R-Texas) and Marco Rubio (R-Fla.).
In Rockport, Sen. Cruz received a briefing from the Aransas County Commissioners Court. Then, Sen. Cruz traveled to Woodsboro, where he met with members of the Woodsboro Co-op Elevator, which was damaged during Hurricane Harvey.
Later, Sen. Cruz joined Gov. Greg Abbott (R-Texas) in Refugio, where they met with local officials and received a briefing on storm recovery efforts.
“The damage along the Gulf Coast is massive,” Sen. Cruz said. “But Texas is coming back. Each time I’m here, it’s amazing the progress that has been made. We’re going to rebuild, and come back stronger. At the federal level, we’ve seen enormous support for the state of Texas. Just a week ago, we had another major piece of legislation pass – targeted tax relief, that really helps everyone along the Gulf Coast that was impacted by Hurricane Harvey, Irma or Maria.”
The Cruz-Cornyn-Rubio tax relief bill provides additional tax deductions and waives penalties for withdrawals from tax-advantaged accounts for those in storm affected areas, allowing storm victims to keep more of their money as they work to rebuild. The bill also includes tax credits for small businesses that kept paying their employees, even if those employees were unable to come to work or the business was shut down, during the storms. Additionally, by lifting the usual limits on charitable giving, this bill allows more people nationwide to help Texans impacted by Harvey.