Political Quotes

“I come before you today to talk about the historic tax reform legislation that was passed in the U.S. Congress and signed into law by the President at the end of the year and talk about what we learned since then, even in the last week. We created this legislation with two goals in mind. One was to provide middle-class tax relief to families. The other was to provide our businesses and our workers with a more competitive tax code. This is something that became very clear to all of us as we looked at it, that unfortunately we were asking our workers here in America to compete with one arm tied behind their backs because of our Tax Code. It has been a couple of months now since this legislation became law, and both of those two goals we set out are being achieved. It is already happening. In January, the Internal Revenue Service updated its tables for withholding. In other words, they went to employers and said: Because of the tax cuts, you should withhold less money in every paycheck. That is happening. The Treasury Department tells us that 90 percent of American workers are having their withholding changed in a way that is positive for them, meaning that Uncle Sam is taking less out of their paychecks. People are already starting to see that. Tomorrow is Friday--another payday--and you are probably going to see that on your paycheck tomorrow or a week from tomorrow, if you haven't already seen it.…”