Political Quotes

“Mr. President, when we set out to do tax reform, we had two big goals we wanted to achieve for the American people. First, we wanted to provide them with immediate relief on their tax bills, which we did, by lowering tax rates across the board, doubling the child tax credit, and nearly doubling the standard deduction. Thanks to lower rates and the new withholding tables, Americans across the Nation will start seeing bigger paychecks this month. Yet our objective went beyond tax cuts, as important as that relief is to the American people. We wanted to create an economy that would produce the jobs and opportunities that would provide Americans with security and prosperity for the long term. Before the Tax Cuts and Jobs Act, our Tax Code was not helping to create that kind of an economy. In fact, it was working against it. Businesses, large and small, were weighed down by high tax rates and growth-killing tax provisions and all of the regulatory and compliance burdens that went along with them, and our outdated international tax rules left America's global businesses at a competitive disadvantage in the global economy. That had real consequences for American workers. A small business owner who struggled to afford the annual tax bill for her business was highly unlikely to be able to hire a new worker or to raise wages.…”