Devin Nunes: “I stood here several weeks ago to speak in support of the original House-passed tax reform bill. Since then, as a member…”

“I stood here several weeks ago to speak in support of the original House-passed tax reform bill. Since then, as a member of the conference committee, I have participated in the process of strengthening this bill and making it even more transformative. That is why I continue to stand in strong support of the bill and conference report we will be voting on today. Washington's special interests have distorted business decisions for too long, and we cannot afford to wait any longer to reform our broken Tax Code. Should we fail to act now, businesses will continue to leave the United States for tax purposes, taking thousands of good-paying jobs-- American jobs--with them. Our small businesses will continue to suffer the damaging effects of a bewildering and punitive Tax Code that gives unfair advantages to their larger, well-connected competitors. But all this will change if we pass this bill. For years, I have advocated for full and immediate expensing, which will allow businesses of all sizes to write off costs immediately. This bill will provide full expensing, which is one of the many progrowth pieces to this legislation. I am confident my colleagues will soon see the tremendous effect of full expensing and make the important decision to extend it before it expires. Mr. Speaker, I stand here with my colleagues on an historic day in support of one of the most dramatic reform bills to come before this body since I came to Congress.…”