Scalise On Final Passage of Tax Cuts and Jobs Act: Achieving Something Historic

Dec 19, 2017 Issues: Taxes and Economy

WASHINGTON, D.C.— House Majority Whip Steve Scalise (R-La.) made the following statement regarding the House's final passage of the Tax Cuts and Jobs Act conference report, which will now head to the Senate and then to President Trump's desk to be signed into law:

"Today Congress achieved something historic for American families by passing dramatic tax cuts and necessary simplification of the outdated tax code for the first time in 31 years. Our bill will deliver much-needed tax relief to American families, workers, and businesses who have been struggling under a sluggish economy, and who have been calling on Congress to take action on reforms that make our nation’s tax code work better for them in a fairer and more simplified way.

"The Tax Cuts and Jobs Act will put more money in the pockets of hard-working families, create jobs to get our economy moving again, and simplify the tax code so much that more than 90% of Americans will be able to do their taxes on a postcard. Most importantly, we lower rates at every income level, double the standard deduction, and increase the child tax credit so families who are struggling to get by will get to keep more of their hard-earned paychecks, with the average family enjoying a tax cut of more than $2,000.”

"After years of seeing middle-class jobs flee overseas, we finally make our businesses competitive again and stop them from being the highest taxed in the industrialized world so they can create good-paying jobs here at home. With these reforms, hundreds of thousands of new jobs will be created and wages will rise, helping to grow our economy and restore our middle class after the last decade of stagnation.

"We know that folks spend their own money better than Washington bureaucrats, and today we restore that power to wallets and family budgets across this country. For ordinary Americans, this means making a car payment, saving for a child's college tuition, or even finally having the money to take a family vacation. That makes a real difference in people's lives.

"I want to thank Chairman Kevin Brady and all of our Ways & Means Committee members for their tireless work on this bill, and I look forward to its passage in the Senate and then being signed into law by President Trump. The American people elected Republican majorities to Congress and President Trump to the White House to do big things to get our economy moving again, and I am proud we delivered on that promise with today's passage of this bill."

Click here to read the full text of the bill.

Click here to read a summary of the bill.