David Perdue: “last week the Senate finally broke through the gridlock and voted to change our archaic Tax Code once and for all. It…”

“last week the Senate finally broke through the gridlock and voted to change our archaic Tax Code once and for all. It only took 31 years to get here. As to regulatory relief, so far this year this body and this administration have removed 860 regulations and rules, from the rule book here in Washington, that had been sucking the very life out of our free enterprise system over the last 8 years or so. But along with regulatory relief and unleashing our energy potential, this is the single most important thing we can do to unleash our economic growth and bring relief to American workers. These changes to the Tax Code are a win for American families, American workers, and American businesses. Let me give just a couple of examples. A family of four that makes a median income today of $73,000 a year will see their tax bill go down by $2,200 a month. That is a 60-percent reduction in their Federal income taxes. A single payer, a single mom with one child, making the median income, will get a 75-percent tax cut. The standard deduction is doubled. The child care credit is doubled to $2,000. The individual mandate that was unleashed on the American people by ObamaCare is eliminated. By the way, just in 2014 alone--that is the latest year we have any official record from the IRS--this insidious mandate fined 8 million Americans $2 billion. The irony of that is that almost half of those people make less than $25,000 a year.…”