Political Quotes

“I hope that in tax reform, we will try to do what we should do in all of our policies; that is, come up with ideas that are both pro-growth and pro-worker. There are a lot of good things in this tax bill, but we need to make it better. We can make it more pro-growth and more pro-worker. Senator Lee from Utah and I have a plan that helps us move in that direction. I will describe it briefly, and I want him to have the opportunity to weigh in on this as well. On the pro-growth side, it is about becoming more globally competitive, and we do so by lowering the current corporate tax rate. The current corporate tax rate in the United States is 35 percent; we would reduce that to 22 percent. Now, the current bill has it at 20, but 22 percent is just as competitive as 20. Here is why. Just like the current bill, it would be lower than the global average rate of 23 percent. Just like the current bill, it would move us from last place to third place among the G7 countries. So it is just as pro-growth. It makes us just as competitive, but it allows us to do the pro-worker reform that we desperately need. Here is what it allows us to do. It allows us to change the child tax credit in the current bill to help working families even more. No. 1, it would make it fully refundable up to the amount you pay in payroll tax. No. 2, it would eliminate the marriage penalty, meaning you pay more in taxes if you are a married couple than you do if you are an individual. No.…”