Jerry Moran: “More jobs, better pay, and a stronger economy--that is the result when taxes are low. I rise today in support of…”

“More jobs, better pay, and a stronger economy--that is the result when taxes are low. I rise today in support of extending the pro-growth tax provisions of the Tax Cuts and Jobs Act of 2017 that are critical to families and businesses, items like immediate R&D expensing and allowing for full bonus depreciation in the year in which those expenses were incurred. Through provisions like these, the Tax Cuts and Jobs Act of 2017 ushered in a competitive Tax Code that encouraged companies to invest in American jobs, and it served as a catalyst for innovation nationwide. These provisions lifted more than 6 million people out of poverty, grew wages by 4.9 percent, and spurred American innovation to new heights. Also, these pro-business and pro-family tax provisions will play a vital role in advancing the American economy, boosting wages, and maintaining U.S. competitiveness worldwide into the future, but only if we make them permanent. Unfortunately, allowing these pro-growth tax provisions expire or remain expired would be devastating to our economy. They would slow the economy, decrease wages, halt job growth, and stifle investment and innovation. This is not the direction that hardworking Americans want us to go. This is not the direction of America. Mr. Speaker, I stand with American businesses and hardworking Americans everywhere, including in east Texas that I represent, and I encourage my colleagues to make these expiring tax provisions permanent.…”