Washington, DC – Congressman Nathaniel Moran (R-TX-01) voted in favor of Ways and Means Committee Chairman Jason Smith’s (R-MO-08) United States-Taiwan Expedited Double-Tax Relief Act, which passed the House on Wednesday. The legislation would stop the double taxation of American workers, reduce dependence on China, and provide a pathway for a more robust economic partnership. Ahead of the vote, Congressman Moran offered remarks in support of the legislation on the House floor.
“In my home state of Texas, Taiwanese tech companies are investing billions in advanced manufacturing, but double taxation threatens their ability to operate effectively,” said Congressman Moran. “Today’s bipartisan bill equips us to expand cross-border investment, safeguard critical supply chains, and push back against China’s growing influence. Without this legislation, we risk alienating one of our strongest partners in the Indo-Pacific region—Taiwan. And we risk ceding more power to China and the Strait of Taiwan and isolating ourselves further on the global economic stage. That is simply unacceptable.”
Specifically, the Legislation Would:
- Put American Workers First: American workers and businesses benefit from the U.S.’ deepening economic relationship with Taiwan, which already supports $1.5 billion in U.S. exports. Establishing a tax treaty with Taiwan helps U.S.-based semiconductor and chip manufacturers grow in the U.S. and further secures strategic supply chains.
- Ensure Americans Receive Equal Treatment: Americans are currently unable to receive the same tax benefits from Taiwan that are available to other countries. Currently, the U.S. is Taiwan’s largest trading partner without a tax treaty.
- Reduce U.S. Dependence on China: This legislation helps reduce the Chinese Communist Party (CCP)’s control of American supply lines by instead providing better partners for the U.S. to grow its economy.
Congressman Moran’s Full Remarks as Delivered:
“Thank you, Mr. Speaker. I rise in strong support of the United States-Taiwan Expedited Double-Tax Relief Act.
“Taiwan companies in America, including those in critical semiconductor sectors, face tax burdens due to the lack of a U.S.-Taiwan tax agreement. Taiwan is one of our largest trading partners without such a treaty, yet it supports more than 22,000 U.S. jobs and contributed $185 million dollars to U.S. research in 2021.
“This bill addresses these issues by eliminating double taxation, reducing withholding tax rates, and clarifying residency rules. It strengthens our economic alliance with Taiwan, ensuring a reliable supply chain for semiconductors and reducing dependence on China and our adversaries.
“In my home state of Texas, Taiwanese tech companies are investing billions in advanced manufacturing, but double taxation threatens their ability to operate effectively. Today’s bipartisan bill equips us to expand cross-border investment, safeguard critical supply chains, and push back against China’s growing influence.
“Without this legislation, we risk alienating one of our strongest partners in the Indo-Pacific region—Taiwan. And we risk ceding more power to China and the Strait of Taiwan and isolating ourselves further on the global economic stage. That is simply unacceptable.
“This bill is critical to reaffirming our commitment to economic growth, national security, and the U.S.-Taiwan partnership. I urge my colleagues in Congress to support this vital legislation to do just that. With that, I yield back.”
Full text of the legislation can be found HERE.
###