John Thune: “In the runup to last year's elections, Republicans made some promises to the American people. We promised to turn the…”

“In the runup to last year's elections, Republicans made some promises to the American people. We promised to turn the page on the failures of the last 4 years, to help working families and to get our economy moving, to make our country stronger and more secure. Last week, we delivered legislation that will help fulfill those promises. That starts with permanent tax relief for hard-working Americans. Back in 2017, during the first Trump administration, Republicans passed the Tax Cuts and Jobs Act, legislation that cut Americans' tax rates, doubled the child tax credit, and nearly doubled the standard deduction. But without action from Congress, a substantial part of the Tax Cuts and Jobs Act would have expired this year, and that would have meant a huge tax hike for hard-working Americans--some $2,500 for people in my State of South Dakota. We were determined not to let that happen--not next year, not ever-- and I am proud that our bill permanently extends all of the individual tax relief from the Tax Cuts and Jobs Act.”