DelBene Statement on Passage of Bill to Strengthen U.S.-Taiwan Economies, Diplomatic Ties

Today, Congresswoman Suzan DelBene (WA-01) released the following statement after the House of Representatives passed the United States-Taiwan Expedited Double-Tax Relief Act (H.R. 33).

"Taiwan is one of our strongest allies and top trading partners in the Indo-Pacific region. This legislation will help strengthen the Taiwanese economy in the face of growing threats from China. It will also support American jobs and innovation by reducing double taxation on Taiwanese business investments in the United States. By advancing legislation instead of relying on executive action, the House underscored its durable and lasting commitment to the United States-Taiwan partnership. Swift passage of this legislation shows that when Congress chooses to work in a bipartisan way, we can strengthen America's economy and global standing."

Background

· In May 2023, DelBene introduced a resolution calling for the end of double taxation between Taiwan and the United States.

· DelBene is a cosponsor of the United States-Taiwan Expedited Double-Tax Relief Act.

· In January 2024, DelBene supported a bipartisan tax package in the Ways & Means Committee that included this provision.

· Later that month, DelBene voted for the package on the House floor.