On the recordMarch 28, 2019
Madam President, when Republicans took office after the 2016 Presidential election, we had one goal in mind: make life better for American families. We knew a big part of that was getting our economy going again. After years of sluggish economic growth, family budgets were stretched thin. Getting ahead had frequently been replaced by getting by. Wages were stagnant and jobs and opportunities were often few and far between. So the Republicans and the President got right to work. We repealed burdensome regulations that were hamstringing economic growth, and we passed a comprehensive reform of our outdated Tax Code. You might ask, Why the Tax Code? Well, the Tax Code has a huge effect on American families' prosperity. It helps determine how much you bring home in your paycheck and how much you have left over to spend or save. It helps determine what kind of jobs, wages, and opportunities are available to you. A small business owner struggling to afford a heavy tax bill is unlikely to have the money to hire a new worker or to expand her business. A larger business is going to find it harder to create jobs or improve benefits for employees if it is struggling to stay competitive against foreign businesses paying much less in taxes. Prior to the passage of the Tax Cuts and Jobs Act, our Tax Code was not helping American workers. It was taking too much from Americans' paychecks, and it was making it difficult for businesses to grow and to create jobs.…
Source
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