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Dear ,

Moving right along to the month of March! Below, please find a few reminders and updates on my work for the residents of Arizona’s First Congressional District. 

Last week, I outlined the potential dangers that would be imposed on American taxpayers if Congress fails to extend provisions included in the 2017 Tax Cuts & Jobs Act (TCJA). The average tax hike per person by letting TCJA expire would amount to $2,853 annually. In fact, roughly 62 percent of tax filers will experience that tax hike. On top of that, if Congress passed a reconciliation package without extending TCJA, taxes would increase dramatically for the average American family. If we don't undergo a substantial modernization of government, there is no way to make the math work. See below for some more highlights from the speech:

Joint Economic Committee Chairman Schweikert Leads Budget Resolution Debate on House Floor

As the Chairman of the United States Joint Economic Committee, I hosted debate for the recently-passed House Budget Resolution last week on the House Floor. Under the 2017 Tax Cuts & Jobs Act (TCJA), the bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years. The top 1 percent paid MORE income taxes than ever before – over 40 percent of all taxes. The top 10 percent of earners now pay roughly 72 percent of all income taxes.

The catastrophic impact to families if the expiring provisions of the TCJA aren't extended raises the average Americans taxes by $2,853, with 62 percent of all taxpayers subject to higher taxes. 

I want to remind everyone that no major entitlement program cuts were included in any provision within the resolution. As Majority Leader Steve Scalise [LA-01] pointed out on the House floor during the debate, names of certain government programs like 'Medicare' and 'Medicaid' are not mentioned within the text of the Budget Resolution. 

Recognizing Some Amazing Citizens of AZ-01

Last month, I was able to celebrate 60 years of the incorporation of the Cave Creek Carefree Chamber of Commerce.

Today, the Chamber’s mission is steadfast in assisting the economic growth of our local business community and representing their interests to the public and elected officials. As we celebrate 60 years of supporting the Desert Foothills Region business owners, we look forward to continuing our mission for the next 60 years and beyond. Here’s to the next chapter of growth, prosperity, and community spirit in the Carefree Cave Creek region!

National Slam the Scam Day

On National Slam the Scam Day and throughout the year, we give you the tools to recognize Social Security-related scams and stop scammers from stealing your money and personal information.  

Help protect your loved ones and people in your community this Slam the Scam Day by:  

• Learning about the latest scams. Information can empower you to quickly recognize a scam. Signs of a scam include: 
• An unexpected problem or offer of a prize or benefit increase,
• Pressure to act immediately, and
• A request for an unusual payment like cryptocurrency, gift cards, gold bars, and wire transfers, even with the promise of keeping your money “safe.”
• Reporting scams as soon as possible. Victims shouldn’t be embarrassed if they shared personal information or suffered a financial loss. We are all vulnerable.  

• Sharing our Scam Alert  fact sheet and helping educate others about how to protect themselves.    

Report Social Security-related scams to the Social Security Administration Office of the Inspector General (OIG). 

Your Guide to Taxes for Parents

The 2024 federal tax brackets apply to your income from 2024, which you’ll report on the tax return that’s due in April 2025, or October 2025 with an extension. (It’s crucial to keep an eye on tax deadlines, especially if you owe money to the IRS.)

For 2024 taxes due in 2025, the seven income tax rates are: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. 

Health is Wealth: Recipes from The Juice Lady

White Bean Chicken Soup

Ingredients
4 Tbsp coconut oil
1 yellow onion, chopped
3 cups chopped veggies- such as celery, carrot, bell pepper
4 tsp minced garlic
1 Tbs. Italian seasoning
8 cups chicken bone broth or chicken stock 
2 15-oz cans white beans (drained and rinsed)
1-2 lb. shredded cooked chicken 

Instructions

1. Heat oil in soup pot over a medium high.
2. Sauté garlic and veggies until slightly soft.
3. Stir in seasoning plus salt and pepper.
4. Add broth and simmer 25 minutes.
5. Stir in chicken and beans; simmer for 10 minutes.
6. Adjust salt and pepper to taste.

(Makes eight servings)

**A note from the nutritionist: "White beans have been shown to help people with diabetes and pre-diabetes. The beans reduce blood sugar and insulin levels. They are also thought to be a carb blocker. These beans were also shown to reduce the glycemic index of foods and stop carb absorption into the bloodstream. In 2003, a 12-week study showed that subjects lost an average of seven pounds consuming the beans." -Cherie Calbom, MS

Better, Faster, Cheaper: How Innovation is Expanding Optimism for the Future

Many of you know my fascination with innovation and the further implementation of technology into different facets of many industries. The up-and-coming innovation is extensive, and luckily, there are thousands of scholarly studies and research pieces being released daily that expand on progress of these projects. Not enough members of Congress take the time to capitalize on how these innovative advancements actually promote the health and well-being of our society. This segment dives deeper into technological implementations that are actively making life better and cheaper for our brothers and sisters.

Thank you for taking the time to read this update on my latest work in Washington, D.C. and Arizona’s First Congressional District! If you have any comments or concerns, I encourage you to reach out to my office.

Sincerely,

David Schweikert