Political Quotes

“Mr. Speaker, now, for the first time, families across the country are seeing the working families tax cuts show up where it matters: in their paychecks and in refunds. When this law was written, the goal was straightforward--to reward work, support families, and prevent a massive tax increase from taking place. Today, the data shows it is doing just that. Across America, more than 53 million filers claimed at least one of the new deductions. Over 25 million taxpayers claimed the overtime deduction. More than 6 million Americans claimed the deduction on tipped income. More than 30 million seniors paid no taxes on their Social Security benefits. More than 1 million Americans claimed the no tax on car loan interest deduction. That is real relief tied directly to how Americans earn a living, and you can see it in the results. The average tax refund is now over $3,400. That is an 11 percent increase from last year. Families are getting to keep more of their own hard-earned money. More than 34 million families have claimed the enhanced, doubled, and permanent child tax credit. Five million Trump accounts have been opened. Think about what that means for the next generation. The working families tax cuts provides families and children a foundation to save, invest, and pursue their version of the American Dream.”