[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},"mediaId",6152853,"mediaKeyId","5496193-8d18bfceae78153a90b36510daa5a277","parentId",5496193,"title","Industry witnesses tell Ways and Means field hearing permanent tax changes will boost investment and hiring","audioSeconds",1332,"startMs",1319000,"endMs",2651000,"viewUrl","/Search/View?dp=1&key=5496193-8d18bfceae78153a90b36510daa5a277&start=1319&end=2651","thumbnailUrl","https://assets.pipeline.soar.com/5496193-8d18bfceae78153a90b36510daa5a277/thumbnail_1319000.jpg","articleUrl","/articles/6152853/Industry-witnesses-tell-Ways-and-Means-field-hearing-permanent-tax-changes-will-boost-investment-and-hiring","mediaUrl","https://secure.pipeline.soar.com/6152853-1324eb6e7e976c46ce7a98a937710fff/orig.mp4?Expires=1770484754&Signature=jvnLA0Ylvv6DvtUstqfHj8s9iRFyY1PaZGs4oU0mX6z8nQtyYSZy4vX4MM1PsKGKEXDO3B1QpEWKEkhg7AH8shtcvLJVNZxbmU0OXQUqRj71rZtTyT98kl0v6IhahzmfXn5xo23c6jsaX6RCDrZWmFAaWYn8TgS016kxfLX7IYOMp5r50mTGXofEYL2FMzLrCY1GmtG26yAvp7pP1GPy~f7nV1ataiX0IzOgGNdaQayDy093PW4PKxmsXJFFwvwzuDUKFtOToCoUOlfvTCkTy9p0IJWAy5ucjlvo6ihpmmYsBYEuY03uxunmsPI-3CwG~2ydjF7yly9rWQjI3YkbRQ__&Key-Pair-Id=KUT5TJCACFTXG","author","U.S. House Committee on Ways & Means","date","2025-07-27T06:43:43Z","article","At a House Ways and Means Committee field hearing at the Ronald Reagan Presidential Library, industry witnesses from agriculture, convenience retail and aerospace told members that provisions in HR 1 that make certain 2017 tax changes permanent will increase investment and hiring.

The committee convened with Chairman Smith presiding. Witnesses who testified in favor of the bill included Kevin Koester, a fifth‑generation rancher and former National Cattlemen’s Beef Association official; Raymond Huff, president of HJB Convenience; Will Fulton, vice president of business development at Robinson Helicopter; and Jay Timmons, president of the National Association of Manufacturers. Economist Joshua Rao of Stanford also testified about expected macroeconomic effects.

Why it matters: Supporters said permanence and restored tax provisions reduce uncertainty for capital investment, allow family farms and pass‑through businesses to plan multi‑year investments, and accelerate research and manufacturing projects that they said would create jobs locally.

Industry leaders focused on a set of business provisions in HR 1: the permanent extension of the qualified business income deduction (often cited as “section 199A”), expanded and restored Section 179 expensing and 100% bonus depreciation for equipment, restoration of immediate R&D expensing and adjustments to the treatment of interest deductibility. Witnesses repeatedly said the estate tax exemption provision — frequently called the “death tax” by proponents — matters to family farms and small businesses.

“For cattlemen like me, long term relief from the death tax is a significant victory. I cannot overstate that,” Kevin Koester said, describing estate‑tax planning burdens his family faced and adding that permanence provides planning certainty for multigenerational ranch operations.

Raymond Huff, who operates convenience stores in the Los Angeles area, said the restored bonus depreciation and the permanent pass‑through deduction are key to reopening stores and expanding his workforce after pandemic losses. “Bonus depreciation alone will help me double the size of my most profitable store that will allow me to add 5 more employees,” Huff testified.

Will Fulton described how immediate R&D expensing and capital‑cost provisions would accelerate Robinson Helicopter’s development of a new aircraft and linked the investment to wildfire response and other first‑responder missions. “The immediate expensing of equipment will enable us to do so faster, cheaper, and better,” Fulton said.

Jay Timmons of the National Association of Manufacturers described the package as “an investment of a generation in America's manufacturers,” saying permanent expensing, interest deductibility and the 21% corporate rate support competitiveness and spur capital formation.

Economist Joshua Rao said the combination of permanent full expensing, R&D expensing and interest‑deductibility rules would boost long‑run output in his view. “The beautiful bill is not exploding debt. It is exploding prosperity,” Rao said during his testimony, noting academic estimates that some pro‑growth provisions raise long‑run GDP.

Committee members pressed witnesses on particulars: Democrats questioned distributional effects and whether firms would pass gains to workers, while Republicans emphasized certainty and the timing benefits of having provisions in place before year‑end investment decisions.

The hearing also included discussion of sectoral details: the cattle witnesses and several members attributed recent retail beef price increases to supply‑and‑demand pressures rather than tariffs; manufacturers emphasized U.S. supply‑chain limitations for some inputs; and small‑business witnesses described how the capital provisions would affect reopening and hiring plans.

No formal committee vote took place during the hearing. Members on both sides said they would press their policy arguments in subsequent committee and floor action.

Ending: Supporters told the committee that permanence reduces planning risk and can accelerate hiring and plant investment; opponents at the hearing continued to press questions about distribution and fiscal cost. The hearing record will include written statements and submitted materials from witnesses for the committee file.","mediaType","Video","parentTitle","Full Committee Field Hearing: The One, Big, Beautiful Bill Delivering for the American Economy","oneSentenceSummary","At a House Ways and Means Committee field hearing at the Ronald Reagan Presidential Library, industry witnesses from agriculture, convenience retail and aerospace told members that provisions in HR 1 that make certain 2017 tax changes permanent will increase investment and hiring.","taxTitle","Ways and Means: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal","taxId",1828,"location","","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6152849,"Democrats at Ways and Means field hearing warn HR 1 would cut health coverage and food assistance; advocates describe local harms",2370,1772000,4142000,"/Search/View?dp=1&key=5496193-8d18bfceae78153a90b36510daa5a277&start=1772&end=4142","https://assets.pipeline.soar.com/5496193-8d18bfceae78153a90b36510daa5a277/thumbnail_1772000.jpg","/articles/6152849/Democrats-at-Ways-and-Means-field-hearing-warn-HR-1-would-cut-health-coverage-and-food-assistance-advocates-describe-local-harms","https://secure.pipeline.soar.com/6152849-8356a03561f2d3b00eb871bf0e1f571b/orig.mp4?Expires=1770484754&Signature=jGdMyNre~U0EHwquA8mBC612zzX~n0R9Rcgsx-AQVuV~qMi1c3cCebrFtVIkuQRh8SasaEU-z-w9i4lL~K0jO6qkViRX2K8eOFrnKnPUy1wAoF~rWB-RO9S~JeVRy5fSWZ0oPQubSJy-OdQLb~kw8rpxxehkDyz0REMYm~R8ZVLFCUshwGHdKwFoqA6-teJak-GkoNLXzNCkJf19D9HOHAsCjrO4LfiZ-bP7VSeYDjrMqKcgb~5mXNUFTIc8qqCZ4QHX74QctjTJf7pvrO7ZT-8vLZ9Y4USem7Y9dfoFoEZxvt5a5U83mHibycTcinNeOlwd~o~~unCXLQyHdqbi1A__&Key-Pair-Id=KUT5TJCACFTXG","Ranking Member Sanchez and other Democrats used the field hearing of the House Ways and Means Committee at the Ronald Reagan Presidential Library to argue that HR 1 — described by proponents as a package of permanent tax reforms — pairs tax cuts with large spending reductions that would reduce health and nutrition coverage for millions.

Why it matters: Democrats and community advocates said the bill’s spending changes would increase uninsured rates, reduce access to care and push costs onto states and localities; witnesses and members tied the changes to potential real‑world consequences in California communities.

Ranking Member Sanchez opened the hearing’s Democratic critique, saying the measure “gives the top point 1% an average tax cut of $309,000 in 2037 alone” and that the bill “will also raise all of our health care premiums, cut coverage for over 17,000,000 Americans.” She said provisions in the bill would trigger cuts to Medicare and impose limits that threaten children’s coverage in CHIP.

Representative Judy Chu said the hearing was “pathetic political theater” and that the bill is “the largest transfer of wealth from the poor to the rich in modern history,” asserting that Republicans’ estimate of beneficiaries misstates impacts on working‑class families.

John Kim, president and CEO of the California nonprofit Catalyst California, described CBO estimates and state consequences: “According to the CBO, HR 1 is the most costly bill in history, adding 3,400,000,000,000.0 to the deficit,” Kim said, and he told members that the package could put “3,000,000 California families” at greater risk of food insecurity and that California could face a multibillion‑dollar funding gap in Medicaid over the coming decade. Kim also linked recent ICE enforcement actions to local economic harm and said the bill includes increased enforcement funding that he said would exacerbate harms to communities.

Committee Democrats also highlighted an item in discussion: Representative Sanchez pointed to a bill allocation of “an additional $75,000,000,000 … towards ICE detention centers, enforcement, and personnel,” saying that would expand federal enforcement activity in local communities.

Democrats repeatedly asked witnesses and Republican members to explain how the bill’s temporary and permanent provisions would affect low‑ and moderate‑income households. Witnesses and some members disputed the magnitude and methodology of some cost and distributional estimates; Republicans emphasized work and productivity incentives and the benefits of tax certainty for businesses.

No formal vote or committee action occurred during the field hearing; Democrats said they will continue to press their concerns in committee and on the floor. Written submissions and supplemental documents provided by witnesses will be included in the official hearing record.

Ending: The hearing captured a partisan clash over whether HR 1′s tax cuts are worth the spending tradeoffs; Democrats framed the package as a policy that would reduce health and nutrition benefits for millions and impose costs on states, while supporters emphasized investment and growth.","Ranking Member Sanchez and other Democrats told the House Ways and Means Committee at a Reagan Library field hearing that HR 1′s tax cuts are paired with deep reductions in Medicaid, CHIP, SNAP and Medicare that would harm Californians; advocacy witnesses described local impacts and ICE‑related funding concerns.","actionData","errors"]

Article not found

Industry witnesses tell Ways and Means field hearing permanent tax changes will boost investment and hiring

Democrats at Ways and Means field hearing warn HR 1 would cut health coverage and food assistance; advocates describe local harms