Last year, House Republicans made history by passing the first meaningful tax cuts in 32 years. The last time our Tax Code was updated, ``Top Gun'' was the top movie, ``The Oprah Winfrey Show'' first aired across the Nation, and the Dow Jones Industrial Average ended the year at 1,895. For context, today, the Dow Jones Industrial Average is over 24,000 points, which is an increase of nearly 8,000 points, which is a nearly 20 percent increase since the day that President Donald Trump was elected. From that day, the stock market has had a remarkable increase because of faith in his business ability, his acumen, and, I believe, the success that Republicans would have to cut taxes, cut regulations, and create jobs. Despite how much our economy has changed, we were still operating on a tax structure designed in 1986. But last year, House and Senate Republicans came together, inspired by President Donald Trump, to make the Tax Code more fair, more simple, and less burdensome for the middle class, which then, of course, yields to the increase in the stock market, which benefits all Americans.…
On the recordApril 24, 2018
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