WASHINGTON — Congressman Ralph Norman (R-SC) reintroduced the Capital Loss Inflation Fairness Act to address a nearly five-decade-old provision of the federal tax code and allow Americans to deduct more of their investment losses from their ordinary income. The current limit of $3,000, or $1,500 for...
The tax code shouldn’t be stuck in 1978. Nearly 50 years ago, Congress set the amount of capital losses an individual could deduct against ordinary income at $3,000 per year. Think about how much has ...
Senate Republicans need to play hardball. NUKE the filibuster, END Democrat obstruction, and DELIVER on the promises we made to the American people.
WASHINGTON — Congressman Ralph Norman (R-SC) issued the following statement following the announcement that 228 grants totaling more than $167 million will be awarded to strengthen healthcare in rural...
I want to serve my constituents in any way I can. Whether you need help with a federal agency or are considering applying to a service academy. I hope all the information in this section will be helpful.
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Congressman Ralph Norman is a lifelong resident of South Carolina's 5th district. After graduating from Rock Hill High School in 1971, he attended Presbyterian College in Clinton, SC, and graduated in 1975 with a Bachelor of Science degree in Business. After college, he joined his father's construction business and helped grow it into one of South Carolina's most successful commercial real estate developers (...)
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