On the recordDecember 17, 2015
After months of negotiations, I am honored today to talk to Americans about the Protecting Americans from Tax Hikes Act, also known as the PATH Act. The most important thing for the American people to know is that this bill prevents their taxes from increasing, helps create more jobs in their communities, and makes it easier for them to do their taxes. It also reins in the IRS and protects taxpayers from waste and fraud within the large tax credit programs administered by the IRS. Now I would like to take a moment to talk about the six specific ways this bill helps American taxpayers. First, this bill provides $629 billion of tax relief that families and businesses can rely on. It is financially responsible because preventing a tax increase is never a cost. Republicans have always worked to stop Washington from taking more money from the hardworking Americans who earned it. This is not Washington's money. It is the taxpayers'. We shouldn't have to raise taxes on some people to prevent taxes on other people from going up. Secondly, by making a number of temporary tax provisions permanent, this will deliver predictability, clarity, and certainty for individual taxpayers as well as people managing businesses and trying to invest for the future. As we know all too well, how our country manages its Tax Code makes absolutely no sense.…
