Kevin Brady: “I thank Congressman Mitchell and Congresswoman Mimi Walters for arranging this Special Order to highlight the benefits…”

“I thank Congressman Mitchell and Congresswoman Mimi Walters for arranging this Special Order to highlight the benefits of the Tax Cuts and Jobs Act. I am excited to be joined by our Texas colleagues. Texas is a big winner, like many States, because of the Tax Cuts and Jobs Act. They estimate it will create 81,000 new, good-paying jobs in our State alone. But that is not just our State. You see huge job gains in California, New York, throughout the Southern States, throughout our Midwest area, and throughout our manufacturing regions. This historic tax reform is making a real difference for our families and our workers. We all know about tax relief for our small businesses, the first ever 20 percent small business deduction in history. The bill will be a write-off on day one in new investment in plants, equipment, software, and technology. People know that we made our companies more competitive so they can compete and win all around the world, especially here at home. I get excited about what we did for families, lowering the tax rates at every level. So whether you made $20,000 or $520,000, you keep more of what you earn. We doubled the standard deduction so few people have to itemize. We doubled the child credit and quadrupled how many Americans can actually use it. For the first time, all middle class Americans are going to get help raising children. We are doing away with the AMT except for households up to $1 million.…”