Joining Bloomberg on OECD Agreement | Trade Subcommittee Hearing

.Dear Friend,

Last week, I joined Bloomberg’s ‘Talking Tax’ to discuss the Organization for Economic Co-operation and Development (OECD) side-by-side Agreement, in which I expressed why this development is crucial for protecting U.S. tax sovereignty, American workers and U.S. businesses competing globally.

Under the OECD side-by-side Agreement, U.S. companies continue to be governed by U.S. tax law, while the OECD’s Pillar Two rules are adjusted to ensure they do not unfairly apply to U.S.-parented companies.

This side-by-side agreement represents a step in the right direction for U.S. tax policy and will benefit all Kansans. I will continue working to ensure it delivers on its promises and keeps American workers and businesses first.

You may click HERE or on the image below to listen to my full interview.

Sincerely,

Member of Congress

.Last week, the Ways and Means Trade Subcommittee held a hearing on Maintaining American Innovation and Technology Leadership where I discussed foreign-imposed Digital Services Taxes (DSTs) on U.S. companies that are discriminatory and egregiously wrong.

Recently, the French government proposed increasing its DST from 3% to 15%, and then moved to only increase it to 6%. I led a letter to President Trump expressing my strong concern over the actions by France on this very topic, mentioning the need for a strong response and our nation's digital services sector anchored by innovation, investment and global outreach. Just this week, France abandoned the increased DST and new social network tax proposals.

I’ve been a leader on recognizing the importance of protecting American businesses and consumers and to defend the U.S. sovereignty over our own tax policy.

You may click HERE or on the image below to watch my full remarks.

.In July, I voted for the Working Families Tax Cuts which was a historic measure that benefits all Americans in a vast and strong variety of ways. CBS News recently reiterated how critical one provision of the bill will be for seniors, and that’s the $6,000 tax deduction for Americans 65 and older.

I’m grateful that millions of Americans nationwide will receive financial relief. Read more about this here: How the new $6,000 senior tax deduction could affect millions of Americans over 65.

.Did you know that a Wichita State University basketball player went on to become a professional wrestler in the WWE? Paul Donald Wight II played basketball for the Shockers from 1991 to 1992. In 1999, he began wrestling for the World Wrestling Federation, which later became known as the WWE. At 7 feet tall, he is known as “The Giant” and “Big Show.” He is a seven-time world wrestling champion and has won 23 championships in total.