Roy Blunt: “for 8 years, working families have seen their wages stay pretty much exactly where they were and, in some cases, they…”

“for 8 years, working families have seen their wages stay pretty much exactly where they were and, in some cases, they have seen their wages go down and their income go down. I will say again that the goal of this tax proposal should be to immediately do what we can to see an increase in take-home pay for those families and to do everything we can in the Tax Code to make us more competitive, to see that they have better jobs to start with and more competition for the good work they do. Our Tax Code clearly is broken. It is taking money out of the pockets of hard-working families and standing in the way of stronger economic growth, and we can and should and must do something about that. That is why the Senate is moving toward the passage of a bill that will address that Tax Code from both ends--more take-home pay now, better jobs with more pay to start with, and more take-home pay later. According to the Tax Foundation, under the Senate's proposal, middle- income families in Missouri will see an estimated increase of about $2,400 in their aftertax income. When we consider the fact that nearly 6 in 10 Americans say they don't have enough savings to cover a $500 emergency or a $1,000 emergency, $200 a month really matters.…”