On the recordOctober 3, 2017
Mr. President, a recent survey reported that 50 percent of people in this country consider themselves living paycheck to paycheck, and one third of these people say they are just $400 away from financial crisis. That is not acceptable. Unfortunately, after 8 years of economic stagnation under the Obama administration, living paycheck to paycheck is starting to feel like the new normal for most Americans. But it doesn't have to be. We have the resources to be the strongest economy in the world. American workers and job creators are as dynamic and creative as ever, and they can get our economy thriving again. In order to get them to do that, we need to clear some obstacles in their path. That starts with reforming our complicated and outdated Tax Code, which has increasingly been strangling our economy. This month, Republicans in the House and Senate are making comprehensive tax reform one of our top priorities. After weeks of work, last week leaders from the Senate, the House, and the White House unveiled the framework that will guide our final tax reform legislation. The framework is built around Republicans' five principles for tax reform: first, providing tax relief for the middle class; second, increasing wages, jobs, and economic growth; third, keeping good-paying jobs here at home in America; fourth, increasing American competitiveness in the global economy; and, finally, fifth, simplifying the Tax Code.…





