Press Releases

Kuster Votes for Bipartisan Tax Reform, Delivers for NH Families and Small Businesses

**Kuster championed provisions in this package that lower costs for families, empower small businesses, and boost innovation**

Washington, D.C. – Today, Congresswoman Annie Kuster (NH-02) voted in favor of bipartisan tax legislation to deliver for hardworking families and small businesses across New Hampshire. The Tax Relief for American Families and Workers Act of 2024 will make meaningful changes to the tax code, expand the Child Tax Credit and Low Income Housing Tax Credit, incentivize research and development, support small businesses, and create a tax treaty with Taiwan.

An estimated 12,000 children across New Hampshire’s Second Congressional District would benefit from the expanded Child Tax Credit included in this package in the first year. 

“Tonight, I was proud to join my colleagues on both sides of the aisle to pass a meaningful, bipartisan tax package to move our country forward and deliver for New Hampshire,” said Kuster. “This package is a major win for New Hampshire businesses and families — it expands the Child Tax Credit and the Low Income Housing Tax Credit, incentivizes research and development, delivers relief to small businesses, and more. I was proud to vote for this bipartisan tax reform and will continue fighting to put money back in the pockets of hardworking Granite Staters.”

"New Hampshire Housing fully supports the two provisions of the Affordable Housing Credit Improvement Act that, if passed, will help fund the creation of more affordable workforce multifamily housing that is so urgently needed in the Granite State," said Rob Dapice, executive director of NH Housing. "Boosting the federal 9% tax credits that developers use to build these apartments and reducing the bond financing requirement for 4% tax credit projects will spur new construction of homes in New Hampshire communities."

“Creare offers its unqualified support of the Tax Relief for American Families and Workers Act of 2024, as it will retroactively restore full R&D expensing for innovative small businesses in New Hampshire and across the country,” said Dr. Jay C. Rozzi, Vice President, Principal Engineer, Creare. “This measure will enable technology-focused R&D businesses and entrepreneurial start-ups to restore our investments in R&D, create more high-tech jobs, make more capital and internal investments to grow, and more effectively compete on the worldwide stage. We thank Congresswoman Kuster and the New Hampshire delegation for their tireless efforts to get the bill passed in the House, and we encourage rapid passage in the Senate.” 

As Chair of the New Democrat Coalition, Kuster led her colleagues in expressing support for this package and urged Speaker Johnson to bring it to the floor swiftly. The package passed by the House today reflects several priorities outlined in the New Democrat Coalition’s December endorsement slate of tax legislation.