Congressman Vern Buchanan announces support for the American Innovation Act, enhancing tax deductions for small business start-up costs.
Quiver AI Summary
Congressman Buchanan Announces Support for American Innovation Act: On National Entrepreneurship Week, Congressman Vern Buchanan revealed that the American Innovation Act, which aims to quadruple the small business start-up deduction, has received endorsements from various small business organizations and Senator Marsha Blackburn, who will lead the Senate version of the legislation.
Key Provisions and Support: The American Innovation Act proposes increasing the deduction from $5,000 to $20,000 and the phase-out threshold from $50,000 to $120,000. Multiple endorsements highlight its potential to bolster entrepreneurship, job creation, and support for small businesses during early operational stages.
Legislator and Organization Reactions: Buchanan emphasized the need for tax relief to encourage entrepreneurship, while supporters including Congressman Mike Kelly and Senator Blackburn praised the act as vital for economic growth and innovation. Various organizations, including the National Venture Capital Association, expressed strong support, reinforcing its significance for small business success.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Vern Buchanan Fundraising
Vern Buchanan recently disclosed $140.7K of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 620th most from all Q4 reports we have seen this year. 32.8% came from individual donors.
Buchanan disclosed $179.6K of spending. This was the 418th most from all Q4 reports we have seen from politicians so far this year.
Buchanan disclosed $1.4M of cash on hand at the end of the filing period. This was the 282nd most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Vern Buchanan's fundraising on Quiver Quantitative.
Vern Buchanan Net Worth
Quiver Quantitative estimates that Vern Buchanan is worth $261.8M, as of February 23rd, 2026. This is the 6th highest net worth in Congress, per our live estimates.
Buchanan has approximately $4.7M invested in publicly traded assets which Quiver is able to track live.
You can track Vern Buchanan's net worth on Quiver Quantitative's politician page for Buchanan.
Vern Buchanan Bill Proposals
Here are some bills which have recently been proposed by Vern Buchanan:
- H.R.6514: Protecting Animals in Military Training Act
- H.R.6513: MINKS are Superspreaders Act
- H.R.6130: ASAP Act
- H.R.6051: To Inform Families First Act of 2025
- H.R.5347: Health Care Efficiency Through Flexibility Act
- H.R.4974: DETECT Act of 2025
You can track bills proposed by Vern Buchanan on Quiver Quantitative's politician page for Buchanan.
2026 Florida's 16th Congressional District Election
There has been approximately $2,089,506 of spending in Florida's 16th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 Florida's 16th congressional district election.
