Peoria Standard

At today's House Ways and Means Committee markup on tax legislation, Congressman Darin LaHood (IL-16) voted to advance two bills: the Saving Gig Economy Taxpayers Act and the Educational Choice for Children Act of 2024. These bills aim to support gig economy workers and invest in school choice programs.

The proposed legislation seeks to reverse provisions in the American Rescue Plan that targeted gig economy workers and to bolster investments in nonprofits providing scholarships to students in elementary and secondary schools.

"Under Joe Biden, Kamala Harris, and JB Pritzker, burdensome taxes and regulations have been levied on workers and small businesses, and school choice has been diminished in Illinois," said Rep. LaHood. "The Saving Gig Economy Taxpayers Act and the Educational Choice for Children Act of 2024 will ensure that workers aren't unfairly targeted by the IRS as they try to make ends meet and give students the chance to fulfill their potential in the classroom. As families navigate high inflation and the negative impact of COVID lockdowns on learning, I applaud the Ways and Means Committee for advancing legislation to address everyday challenges our communities face in Illinois."

The Saving Gig Economy Taxpayers Act (H.R. 190) proposes repealing tax hikes from the American Rescue Plan that lowered the 1099-K reporting requirement for taxpayers and independent contractors using payment platforms like Venmo from $20,000 with 200 separate transactions down to $600.

The Educational Choice for Children Act of 2024 (H.R. 9462) aims to incentivize investments in nonprofit organizations that provide scholarships to elementary and secondary students, offering more educational options for parents seeking quality education for their children.

Further information can be obtained from the Ways and Means Committee.