Madam Speaker, I thank my dear friend and distinguished colleague from the State of Louisiana for his strong leadership and for hosting us this evening, this Special Order, on such an important issue. Madam Speaker, tax reform in west Texas and in rural America is about giving our hardworking and middle class families a break in allowing them to keep more of their hard-earned money. According to the nonpartisan Tax Foundation, our plan would increase wages by over 3 percent, create roughly 1 million new jobs, and raise the after-tax income of the average middle-income family by nearly $2,600. It is about simplifying the Tax Code and reducing the burden on taxpayers so that they don't have to spend a combined almost 9 billion hours and $100 billion just to prepare their taxes every year. Under our plan, 9 out of 10 Americans, as my colleague mentioned, will be able to file their taxes on a form as simple as a postcard. It is about getting off the backs of our job creators, which are our small businesses, and letting them create more jobs for their communities. Our plan would reduce the tax rate on our Main Street job creators to the lowest it has been since World War II. It is about making America competitive again by leveling the playing field for American producers and manufacturers. Our plan would lower the corporate tax rate and bring jobs back to America, and it would also boost the average American household income by $4,000 and, in some studies, as high as $9,000.…
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Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, I am obsessed with the threat of a looming debt crisis and the irreparable harm it would do to our great economy, our national security, our leadership in the world, and our…
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If we don't make these changes, this program and the federal budget in general is not sustainable.
Mr. Chair, I yield 1 minute to the gentleman from Nebraska (Mr. Smith), my good friend from the Cornhusker State who is also chair of the Ways and Means Committee's Trade Subcommittee.





