Finance Committee Republicans Applaud Senate Passage of Historic Tax Reform

GOP Finance Committee Members Laud Passage of Pro-Family, Pro-Growth Tax Overhaul

The United States Senate last week passed the Tax Cuts and Jobs Act, a historic tax overhaul that provides tax relief for working families, levels the playing field for Main Street businesses, and makes America a more welcoming place to do business. Finance Committee Members have been hard at work on this legislation for months, crafting a tax plan that lifts Americans and grows the economy. Take a look at what they’re saying about the Senate’s passage of the proposal:

“Senate Republicans…came together to make history and advance a comprehensive tax overhaul that will deliver more income, more jobs, higher wages and more opportunity for all Americans. Rooted in pro-growth policies, this legislation will help families and individuals invest in their future, promote savings, and encourage American job creators to keep more jobs and investment here at home.” — Senate Finance Committee Chairman Orrin Hatch (R-Utah)

“The passage of this bill is a historic moment for Iowa and the entire country. It’s been more than 30 years since Congress passed significant tax reform. The good news is that this legislation will let Iowans keep more of their own hard-earned money, increase average wages and help create new jobs.” — U.S. Sen. Chuck Grassley (R-Iowa)

“For the first time in over three decades, Congress has finally taken an imperative step forward in reforming our tax code to allow Idaho’s women and men the ability to keep more of their hard-earned money, while the bill’s dramatic simplification of the tax code will also save families significant time and money when it comes time to file their taxes each year.” — U.S. Sen. Mike Crapo (R-Idaho)

“We have proven that we can act decisively to grow our economy, help those living paycheck to paycheck, create better opportunities with job creation and bring jobs back from overseas.” — U.S. Sen. Pat Roberts (R-Kan.)

“This tax reform bill has been years in the making. After more than 70 hearings on taxes and an open legislative process, we have a bill before us that will bring relief to millions of Americans.” — U.S. Sen. Mike Enzi (R-Wyo.)

“[W]e’re another step closer to reforming the nation’s antiquated, complex tax code for the first time in more than three decades. I appreciate the support and hard work of my colleagues over the last few days, and soon we’ll vote to let hardworking folks keep more of their money and provide greater economic opportunity for all,” — U.S. Sen. John Cornyn (R-Texas)

“By cutting taxes for middle-income Americans and providing job creators with the environment they need to hire more workers and increase wages, this tax reform package will turn the economic tide and help Americans get ahead. I commend Chairman Hatch and my colleagues for all the work they have done this year to ensure this bill made it over the finish line here in the Senate.” — U.S. Sen. John Thune (R-S.D.)

“This bill is an historic opportunity to reform a broken tax code that hasn’t worked for the people of this country in years. We have a responsibility to get our economy moving and put more money back in the pockets of the hard-working Americans who earned it in the first place.” — U.S. Sen. Richard Burr (R-N.C.)

“With this vote, we have demonstrated our commitment to providing stronger economic growth, increased wages and a higher standard of living for hardworking Americans and their families.” — U.S. Sen. Johnny Isakson (R-Ga.)

“The Tax Cuts and Jobs Act gives families freedom to spend more of their money how they see fit, puts faith in American entrepreneurs and businesses to compete in the global market, and creates a fairer tax system that encourages jobs and investment in the United States…I want to commend Leader McConnell, Chairman Hatch, and all those involved in passing this historic bill through the Senate, and I’m looking forward to resolving our differences with the House. This is once-in-a-generation tax reform that will improve our economy and expand opportunity for all Americans.” — U.S. Sen. Rob Portman (R-Ohio)

"Our bill directly lowers the tax burden for middle income families and fundamentally restructures the business tax code so American workers and businesses can compete globally. It transforms one of the world's worst business tax codes into one of the most competitive, making it easier for entrepreneurs to start new businesses and giving employers greater incentives to buy new capital equipment and bring operations home from overseas. I am confident these reforms will unleash a surge in economic growth and job creation.” — U.S. Sen. Pat Toomey (R-Pa.)

“Think about this: doubling the child tax credit could mean enough money for a family of four to cover more than three months’ worth of groceries or purchase more than 9,000 diapers. The benefits of an enhanced child tax credit, however, extend beyond freeing up money for families to spend on day-to-day costs, it also allows them to better plan for their futures.” — U.S. Sen. Dean Heller (R-Nev.)

“[W]e are one step closer to starting the New Year off with a tax code that the American people both need and deserve. American families will get a better deal under tax reform. [Small Business] owners will have an easier time expanding and creating jobs. This is much needed reform!” — U.S. Sen. Tim Scott (R-S.C.)

“The Tax Cut and Jobs Act cuts taxes for working and middle-income families. It boosts the economy, repeals Obamacare’s individual mandate, preserves the Historic Tax Credit, gives tax relief to victims of the 2016 floods in North and South Louisiana and provides money to rebuild our coastline. This is a good bill for Louisiana and the United States.” — U.S. Sen. Bill Cassidy (R-La.)

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