Peoria Standard

Congressman Darin LaHood, who represents Illinois’ 16th district in the U.S. Congress, recently hosted a roundtable in Peoria focused on the tax provisions of the One Big Beautiful Bill Act. The event brought together representatives from the U.S. Chamber of Commerce, the McLean County Chamber of Commerce, and local business owners.

“With the passage of the One Big Beautiful Bill Act, Republicans created predictability and certainty in our tax code by permanently extending the 199A deduction, full research and development expensing, and business interest deductions,” said Rep. LaHood. “Throughout the drafting process, I was proud to champion policies that would benefit Illinois’ 16th Congressional District including the expansion of the affordable housing tax credit and the extension of the 45Z biofuels tax credit. Through deregulation, promoting fair trade deals, and providing certainty in our tax code, Congressional Republicans and President Trump are delivering for our economy while creating an environment that allows workers, businesses, and investors to thrive.”

Kevin Courtois, Vice President for the Great Lakes Region at the U.S. Chamber of Commerce, commented on Congressman LaHood’s role: “The U.S. Chamber extends its gratitude to Congressman LaHood for his leadership in advocating for legislation that supports a competitive tax code, which in turn expands opportunities for small businesses and workers in Illinois and across the country. By supporting pro-growth policies, Congressman LaHood is helping to build a stronger, more resilient economy that benefits all Americans.”

Charlie Moore, President and CEO of the McLean County Chamber of Commerce added: “Our members appreciated the opportunity to have dialogue with Congressman LaHood about the importance of pro-growth, pro-business tax policy. We are grateful for his leadership in advocating for a competitive business tax environment that allows our members to invest in the future of their businesses, employees, and our local communities.”

LaHood has served as representative since replacing Aaron Schock in 2015 after winning election against Elizabeth Haderlein by a wide margin (66.3% to 33.6%) in 2022.

The roundtable provided an opportunity for discussion between policymakers and business leaders about recent changes to federal tax law affecting both local communities and broader economic conditions.