Political Quotes

“I thought it would be appropriate to come to the floor to celebrate the second anniversary of the Tax Cuts and Jobs Act. For years I heard from Texans who thought that the Tax Code was simply too complex, too burdensome, and that the Federal Government simply took too much of the fruits of their labor. They were absolutely correct. Our Tax Code hadn't been reformed in more than three decades, and Republican and Democratic Presidents have long pointed out how America was at a competitive disadvantage relative to other countries because of our Tax Code. Then, of course, there is the drag of high tax rates on our domestic economy--especially following the great recession during the Obama administration--which made jump-starting the economy a top priority last Congress. The good news is that we delivered. The Tax Cuts and Jobs Act lowered the individual tax rates across the board for every bracket. It increased the standard deduction, doubled the child tax credit, and made tax rates for businesses more competitive. Our goal was to make our Tax Code work for the American people, not the other way around. I know there are a lot of naysayers who said it wouldn't work. Some of them are still saying that. But I think the results speak for themselves. First, we saw waves of positive headlines announcing that companies big and small were using their tax savings to provide pay raises, pay bonuses, 401(k) match increases, and other benefits to their employees.…”