Political Quotes

“Mr. President, 6 months ago, Congress passed historic tax legislation that fundamentally reformed our Tax Code and provided tax relief to middle-income Americans and also to small business job creators. At the time, many of my colleagues on the other side of the aisle attempted to derail our efforts through a campaign of misinformation and demagoguery. They tried to argue that up was down and that tax cuts were tax increases. They even suggested the bill's passage was a sign of Armageddon. Of course, such fearmongering was always nonsense. At the time, analysis from the nonpartisan Joint Committee on Taxation had made it clear that the vast majority of taxpayers across every income group would experience tax cuts. In fact, it made clear that middle-income groups would experience the largest percentage of tax cuts. In even looking at the liberal Tax Policy Center's analysis of the bill, the tax relief for the middle class is unmistakable. Its analysis found that more than 80 percent would experience tax cuts that would average more than $2,100. In the Tax Cuts and Jobs Act, we made good on our commitment to fix our broken Tax Code. It makes filing simpler, provides middle-income tax cuts, and reinvigorates our economy through pro-growth business tax reforms. The positive effects of the tax cuts began almost immediately with companies announcing bonuses, pay raises, higher retirement contributions, new hiring, and increased investment as a result of the law.…”