On the recordOctober 26, 2017
I rise once again today to talk about how we are working to reform our outdated Tax Code and to provide much needed tax relief to our Nation's small businesses and to hard-working families and ranchers. We are working to not only provide hard-working taxpayers with tax relief but also to strengthen our economy and to stimulate job creation. Along with the regulatory relief we have already provided and are working to continue to provide, this tax relief is all about a growing economy, more jobs, and higher wages for hard-working Americans and then making sure that they not only keep more of their earnings after tax but that they see growing wages due to a stronger economy that is so important after the last decade of stagnant wages and income. It is important to understand that this tax relief is both. It is absolutely about lowering the tax burden, but it is also about moving wages and incomes higher. That is the rising tide that lifts all boats in our country. Today, the House of Representatives passed a budget resolution that the Senate sent them last week, so now we have completed the first step in terms of enacting pro-growth tax reform that, as I said, will provide tax relief to millions of middle-class families who have been struggling to get ahead over the past decade. Today, I want to focus on how our tax proposal will reduce the tax burden on small businesses.…
Source
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