Mr. Speaker, today is a good day for hardworking Americans. We are considering legislation that let's taxpayers keep more of their paycheck to save, spend, and invest as they see fit. Our bill--the Tax Cuts and Jobs Act--will overhaul our broken tax code and finally put the American taxpayer first. Because we can all agree that hardworking taxpayers are the losers under the current system. Right now, our tax code rewards lawyers, lobbyists and loopholes--while leaving hardworking families and job creators behind. The bill we are considering today will change all of that. To me, there is only one special interest group that matters--and that is the American people. That's why we simplify the tax code and cut taxes for all Americans to ensure hardworking Americans--like the people I represent in Southeast Texas--can keep more of their hard-earned money. It has been more than 30 years since the last time we overhauled our tax code. And since then it has grown to more than 70,000 pages. I like to put it this way . . . our current tax code is now longer than the Bible with none of the good news. Over the past 30 years, Washington has piled up all these carveouts and loopholes for special interests--making things far too complicated and far too expensive for hardworking families. This needs to end--and today the House will take a historic step to fix that and deliver long overdue tax relief to the American people. Here are the details: First, we get rid of loopholes.…
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Mr. Speaker, I hereby remove my name as cosponsor of H.R. 6542. The SPEAKER pro tempore. The gentleman's request is granted. ____________________





