Political Quotes

On the recordNovember 29, 2017
I come to the floor to voice my very strong support for the tax reform legislation that will come before the U.S. Senate this week. This bill will power economic growth and provide great opportunities for American workers. It will lead to increased wages, and it will help our small businesses expand. I have said often on the Senate floor that small businesses in West Virginia comprise 95 percent of the businesses in West Virginia and over 50 percent of the workforce. Small businesses want to thrive, and they want to expand. It will provide much needed tax relief for middle-class working families in my State and across the Nation, and for many in the working class, the increase in the standard deduction will lower rates and provide for a much simpler process. I have talked about this on the floor a lot. I think that one of the things that is underemphasized and not talked about in this great tax relief package is the simplification model that many Americans really want and deserve in the Tax Code. So let's talk about our State of West Virginia. In my State of West Virginia, 83 percent of individual tax filers take the standard deduction--83 percent. This bill will nearly double that deduction--from $6,300 to $12,000 for an individual and from $12,700 to $24,000 for married couples. That is for 83 percent of the filers in my State of West Virginia.…
Said by
Shelley Moore Capito
Republican · West Virginia

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