Political Quotes

“Madam President, December 22 will mark an anniversary, the second anniversary of the signing of the Tax Cuts and Jobs Act. Tax reform was a big priority for Republicans. We wanted to help American families by reducing their tax burden and spurring the kind of economic growth that would result in better jobs and better wages. At the end of 2017, we passed the Tax Cuts and Jobs Act. We cut tax rates for American families, doubled the child tax credit, and nearly doubled the standard deduction. We lowered tax rates across the board for owners of small and medium-sized businesses, farms and ranches. We expanded business owners' ability to recover the cost of investments made in their businesses, which frees up cash they can reinvest into operations and their workers, and we lowered our Nation's massive corporate tax rate, which up until January 1 of 2018 was the highest corporate tax rate in the developed world, and we brought the U.S. international tax system into the 21st century so American businesses are not operating at a competitive disadvantage next to their foreign counterparts. Over the last 2 years, tax reform has done exactly what we intended. It has allowed American families to keep more of their hard-earned money, and it has helped spur wage growth and increase the availability of good jobs for American workers. For 2018, the average family of four with an income of $75,000 saw a tax cut of more than $2,000.…”