Political Quotes

“tax reform has been the law of the land for less than a month, but it is already fostering a new era of economic optimism, and American workers are seeing the benefits. For years, American businesses, large and small, were weighed down by high tax rates and growth-killing provisions of the Tax Code. Plus, our outdated international tax rules left America's global businesses at a competitive disadvantage in the global economy. The Tax Cuts and Jobs Act changed all that. 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 investments they make in their businesses, which will free up cash they can reinvest in their operations and their workers. We lowered our Nation's massive corporate tax rate, which up until January 1 was the highest corporate tax rate in the developed world. We brought the U.S. international tax system into the 21st century by replacing our outdated worldwide system with what is called a territorial tax system so American businesses are not operating at a disadvantage next to their foreign competitors. Despite the fact that the new law has been in place for less than a month, it is already having a noticeable effect. Businesses are seeing a future defined by growth and success, and they are already passing some of the expected benefits on to their workers.…”