New Speaker Of The House Of Representatives Michael Johnson – Where Does He Stand On Taxes?

As the new Speaker Of The House of Representatives, people are asking where Michael Johnson (R) from the State of Louisiana stands on tax matters. Here is what we are able to find at this point.

According to Political, Though he’s rarely been involved in tax issues during his seven years in office, Johnson will now help decide whether there’s a year-end bipartisan tax deal and if lawmakers take another chunk out of the IRS’s budget.

His previous positions on tax legislation are mostly unsurprising. He’s opposed tax increases and has pushed to make Republican tax cuts permanent. At the same time, Johnson has been highly critical of Democrats’ Inflation Reduction Act, complaining it created “green energy slush funds” and pressing to rescind a one-time slug of money it provided the IRS.

Johnson’s inexperience with tax issues may benefit House Ways and Means Chair Jason Smith (R-Mo.) if the new speaker decides to cede power to committee chairs. In a speech Wednesday afternoon, Johnson told colleagues he intends to decentralize power in the chamber.

According to The Hill: Johnson was one of 57 Republicans to vote “no” on a $40 billion aid package to Ukraine.

He later told the Shreveport Times, “We should not be sending another $40 billion abroad when our own border is in chaos, American mothers are struggling to find baby formula, gas prices are at record highs, and American families are struggling to make ends meet, without sufficient oversight over where the money will go.”

According to Bloomberg Tax: Newly elected House Speaker Mike Johnson (R-La.) acknowledged the need for providing “relief” from the state-and-local tax deduction cap, a pledge that may have helped him win the spot.

Rep. Andrew Garbarino (R-N.Y.)—speaking before Johnson was voted in as speaker after days of GOP intraparty wrangling—said he and Johnson had a positive discussion of issues pertinent to Long Island, N.Y., including flood insurance, 9/11 victims, and SALT relief.

A deal to get conservative Republicans on board with tweaking the $10,000 SALT cap may help grease along a tax bill at the end of the year, despite some hurdles.

If you know anything about where the new House Of Representatives Speaker stands on taxes, we would love to hear your commentary below.

Congratulations Speaker Johnson. We wish you much success!