Scott Walker: “The Tax Cuts and Jobs Act has transformed the economy, delivering economic growth in the form of more jobs, bigger…”

“The Tax Cuts and Jobs Act has transformed the economy, delivering economic growth in the form of more jobs, bigger paychecks, increased investment, and historically high small business optimism. Today, I rise in support as an original cosponsor of H.R. 6760, the Protecting Family and Small Business Tax Cuts Act of 2018. I thank Chairman Brady for his tireless work over the last year and a half to make this legislation possible, continuing to build on the success of the Tax Cuts and Jobs Act by locking in those tax cuts for individuals, families, and small businesses. Today's bill makes permanent the transformational tax reforms included in the legislation we enacted last December. Mr. Speaker, locking in those important reforms provides certainty and enhances growth. In fact, according to the Tax Foundation's analysis, making these reforms permanent will create 1.5 million new jobs, increase wages by nearly a full percentage point, and increase the overall GDP by 2.2 percent. Those are facts. Locking in these important reforms reduces burdensome complexity. Because of this legislation, the vast majority of individuals and families will choose the enhanced standard deduction and will no longer need to do the recordkeeping required for itemizing deductions.…”