On the recordSeptember 27, 2017
Mr. President, one of the Senate Republicans' most important priorities for the rest of this year is passing comprehensive tax reform. Why? Because comprehensive tax reform is perhaps the single most important thing we can do to get our economy back on the path to long-term health. Comprehensive tax reform done right will boost jobs. It will increase wages. It will provide much needed tax relief for middle-income taxpayers and families. It will help businesses reinvest in their operations, employees, and new products. And most importantly, it will help us achieve strong, consistent economic growth. Over the past few weeks, leaders from the House, Senate, and White House have been meeting to develop the framework for the tax reform bill we will take up later this year. This morning, they unveiled that framework. The framework supports Republicans' five principles for tax reform: providing tax relief for the middle class; increasing wages, jobs, and economic growth; keeping good-paying jobs here at home; increasing American competitiveness in the global economy; and simplifying the Tax Code. The framework released today emphasizes tax relief for the middle class. First and foremost, we are going to ensure that working families receive a much needed increase in take-home pay. Right now, 50 percent of families are living paycheck to paycheck, while one-third of people across this country say they are just $400 away from a financial crisis. That is not acceptable.…





