Bill increases startup tax deduction to $50,000 to give more small businesses the opportunity to grow and combat increasing cost of starting a company WASHINGTON – During National Small Business Month, Senator Ruben Gallego (D-AZ) backed the Tax Relief for New Businesses Act to provide tax relief to entrepreneurs looking to start a small business and reduce barriers for startups. The bill would increase the startup tax deduction from $5,000 to $50,000 and allow businesses to write off more expenses to compensate for the increasing cost of starting a business.   “Arizona is one of the best states in the country to start and grow a small business, and

Bill Would Also Target China’s Money Laundering and Predatory Trade Practices WASHINGTON – Senator Ruben Gallego (D-AZ) joined Senators John Cornyn (R-TX), John Fetterman (D-PA), and James Lankford (R-OK) in introducing the SHIELD Against CCP Act, which would create a dedicated working group at the U.S. Department of Homeland Security (DHS) to address threats posed by the Chinese Communist Party (CCP). “Fentanyl has devastated communities across Arizona for too long, and we need to use every tool available to stop the flow of this deadly drug into our country,” said Senator Gallego. “This bipartisan bill will help DHS understand how the Chinese Communist Party is exploiting our border and fueling fentanyl trafficking,

WASHINGTON – Senators Ruben Gallego (D-AZ) and Dave McCormick (R-PA) introduced the HUD-USDA-VA Interagency Coordination Act, which would encourage greater inter-governmental coordination to address the rising cost and limited supply of housing in communities in Arizona and across the country.    “Addressing the housing affordability crisis in this country requires a whole-of-government response. But right now, the federal agencies that deal with housing aren’t working together as efficiently as they should,” said Senator Gallego. “I’m glad to work across the aisle to introduce this commonsense legislation to ensure veterans and rural communities get the housing support they deserve.”   Arizona has a significant housing affordability problem.