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Currently showing results related to Tax Reform
Dem Demagoguery Debunked
JOINT COMMITTEE ON TAXATION: 'There's Nothing [In The Chairman's Mark] That Mandates That People Give Up Insurance' SEN. MIKE ENZI (R-WY): "I've been hearing this word that [repeal of the individual mandate tax is] going to 'kick' 13 million people off health insurance. Is there anything in there that says we're going to 'kick' anybody off?" Joint Committee On Taxation: "The result in terms of changes in the uninsured is a result of decisions made. There's nothing that mandates that people giv… Continue Reading
11.15.17
‘A Tax Code That's Pro-Family’
IVANKA TRUMP: 'Today, In The Vast Majority Of American Homes, All Parents Work. Our Tax Code Has To Recognize And Support… This Reality' "Ivanka Trump scores win with Senate plan to double child tax credit: Ivanka Trump notched a policy victory late Tuesday night when the latest revisions to the Senate tax bill proposed doubling the child tax credit." ("Ivanka Trump Scores Win With Senate Plan To Double Child Tax Credit," Politico, 11/15/2017) SEN. MARCO RUBIO (R-FL): "…I welcome… Continue Reading
11.15.17
Flashback: Sen. Wyden’s Plan To Tax The Poor
SEN. RON WYDEN (D-OR): "…big thanks to Mark [Mazur] and the [Tax Policy C]enter for their usual professional job of making sure that we have a real debate and have a real discussion." (Sen. Wyden, Remarks To The Tax Policy Center, 11/7/2017) THEN Liberal Tax Policy Center: Under Sen. Wyden's 2010 Tax Bill 'Close To A Fifth Of Those In The Bottom Two Quintiles Experience A Tax Increase' "The Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg," introduced as S. 3018) … Continue Reading
11.13.17
‘Middle Class Biggest Winners In Senate Tax Plan’
'Making Good On Republican Promises To Focus On The Middle Class' SEN. ORRIN HATCH (R-UT): "[W]e have been laser-focused… on reducing taxes for the middle class. And that is exactly what this bill will do." (Sen. Hatch, Press Release, 11/10/2017) 'Middle Class Biggest Winners In Senate Tax Plan, [Joint Committee On Taxation] Study Says' The Hill: "All income groups on average would see their taxes go down under Senate Republicans' tax bill, according to Congress's tax scorekeeper. The … Continue Reading
11.13.17
‘The Senate Tax Bill … Would Boost The Economy’
'Higher Wages And … An Additional 925,000 Full-Time Equivalent Jobs' "The Senate tax bill introduced Thursday would boost the economy, creating 925,000 new jobs and raising wages by 2.9 percent over 10 years, according to a new analysis released Thursday by the Tax Foundation." ("Senate Bill Would Cut Taxes By $1.78 Trillion, Create 925k New Jobs, Study Finds," Washington Examiner, 11/10/2017) 'The Plan Would Increase Long-Run GDP By 3.7 Percent' TAX FOUNDATION: "Our analysis finds t… Continue Reading
11.13.17
Finance Committee Republicans Applaud Senate Tax Relief Plan
CHAIRMAN HATCH: 'We Have Been Laser Focused… On Reducing Taxes For The Middle Class' SEN. ORRIN HATCH (R-UT): "[T]oday as Chairman of the Senate Finance Committee, I'm releasing a Chairman's mark for the Senate version of the Tax Cuts and Jobs Act, legislation that is the culmination of years of effort to reform or nation's tax code. Now, we've been at this a long time and today's mark marks a significant step forward in this effort." (U.S. Senate Finance Committee, Press Release, 11/1… Continue Reading
11.03.17
Dems New Position On Tax Reform: ‘We Have To Make Sure This Doesn’t Happen’
Democrats Used To Say 'Comprehensive Tax Reform Has To Happen' Now 'Have No Intention Of Engaging With Republicans' "[P]rivately, Democratic leaders have no intention of engaging with Republicans [on tax reform] even if they offered, sources close to them say. House Minority Leader Nancy Pelosi (D-Calif.) is convinced another GOP crash-and-burn would likely hand Democrats the House next year, so there's no political upside to playing ball. … 'So we have to make sure this doesn't happen.'… Continue Reading
11.02.17
House Tax Reform Proposal ‘A Big Step Forward’
Senators Applaud Chairman Kevin Brady & The House Ways And Means Committee 'Their Legislation Marks The First Step Towards Our Goal Of Modernizing A Tax Code' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "Today, the House of Representatives took a big step forward in our effort to help provide the American people with a robust economy that reaches for its full potential: that puts more money in middle-class pockets, that produces better jobs for workers, that secures more opportunity … Continue Reading
10.20.17
Budget Passage ‘A Major Step Forward’ ‘To Overhaul The Tax Code’
SEN. MIKE ENZI (R-WY): "This budget resolution is the first step to pro-growth tax reform, as it will provide the fiscal headroom needed for the tax-writing committees in the Senate and the House to produce tax reform legislation… Hardworking families deserve a system that works for everyone in order to provide higher wages and more jobs. Pro-growth tax reform can help U.S. businesses and their workers compete in the global marketplace, spur investment and job growth here at home, and fr… Continue Reading
10.19.17
The Death Tax Is ‘Just Plain Wrong’
Sen. Ron Wyden, Finance Committee Ranking Member: 'If You Oppose Losing Farmland To Strip Malls… You Should Stand With Me And Work To Repeal The Estate Tax' SEN. JOHN THUNE (R-SD): "As if the long arm of the IRS isn't intrusive enough during life, too often the death tax punishes hard-working Americans even after they've passed away… In an environment where it's frequently too difficult and costly for family-owned farms to be passed from one generation to the next, we should be kn… Continue Reading
10.19.17
Dems & Debt: ‘Just Put It On The National Credit Card’
DEM RHETORIC: 'We Don't Want A Reform To Balloon The Debt' SEN. CHUCK SCHUMER (D-NY): "…we don't want a reform to balloon the debt… we should not pile hundreds of billions, maybe trillions more on top of the debt. Tax reform should be deficit neutral." (Sen. Schumer, Congressional Record, S.5244, 9/13/2017) REALITY: 'This Budget Resolution Puts Our Nation On A Path To Balance' SEN. MIKE ENZI (R-WY): "This budget resolution puts our nation on a path to balance by restraining fe… Continue Reading
10.18.17
‘Lower Taxes On Small Businesses’
'Reforming Our Nation's Tax System Is A Top Priority For Small Businesses And American Entrepreneurs' SEN. SUSAN COLLINS (R-ME): "We need to provide true tax relief to our small businesses, the job creators in our economy…. [My amendment] would send the message that through tax reform, we can help our small businesses thrive and be the engine of job creation and economic growth in communities all across our great country." (Sen. Collins, Floor Remarks, 10/18/2017) SEN. COLLINS: "Most … Continue Reading
10.17.17
What Changed, Democrats?
Sen Schumer Two Years Ago: 'By Standing Still, The United States Has Fallen Behind Other Countries' UNIFIED TAX REFORM FRAMEWORK: "First, make the tax code simple, fair and easy to understand. Second, give American workers a pay raise by allowing them to keep more of their hard-earned paychecks. Third, make America the jobs magnet of the world by leveling the playing field for American businesses and workers. Finally, bring back trillions of dollars that are currently kept offshore to reinvest … Continue Reading
10.17.17
Medicare Reality: An 82% Increase Is Not A ‘Cut’
MYTH SEN. CHUCK SCHUMER (D-NY): "Folks, this tax bill cuts your Medicare, the budget bill that outlines the tax bill that we're doing this week..." (Sen. Schumer, Floor Remarks, 10/03/2017) SEN. SCHUMER: "…that budget is voting to cut Medicare…" (Sen. Schumer, Press Conference, 10/5/2017) FACT SEN. MIKE ENZI (R-WY): "My Democrat colleagues want to try and find a clever way to make the false accusation that somehow through this budget Senate Republicans are cutting Medic… Continue Reading
10.16.17
Turning The Page On President Obama’s Lost Decade
SEN. MITCH McCONNELL (R-KY): "For many Americans … the last 10 years have been a lost decade where the economy stumbled and opportunities declined. They suffered through stagnant paychecks, a lack of steady work, and retirement that slipped further away by the day. Maybe you are one of the millions of American workers who feel this way. You deserve better. You deserve an economy that lives up to its potential once again: with more jobs, fairer taxes, and bigger paychecks." (Sen. McConnell… Continue Reading
10.12.17
Economists: Tax Reform ‘Imperative’
'The Country Must Not Miss This Opportunity' 'This Plan Is Pro-Growth … Pro-Work,' & 'Would Boost Wage Growth' DOUGLAS HOLTZ-EAKIN, Former CBO Director: "[R]emember that doing nothing is dangerous to America. The fact that the economy is stuck in low gear has visited distress on large swaths of the labor market and household sector. Headquarters of U.S. firms continue to migrate overseas to competitor companies. Trillions of dollars of global earnings are locked out of the United S… Continue Reading
10.06.17
American Manufacturers: Our Future ‘Depends On Enacting Bold Tax Reform’
"President Trump will resume his push for tax cuts on Friday with an Oval Office meeting designed to highlight the manufacturing industry… Trump will host more than a dozen manufacturing industry employees and executives and issue a proclamation making Oct. 6 'National Manufacturing Day,' according to a White House statement provided to USA TODAY." ("Trump To Resume Tax Cut Push…" USA Today, 10/5/2017) TAX FRAMEWORK: 'Domestic Manufacturers Will See The Lowest Marginal Rates In … Continue Reading
10.05.17
Budget ‘Essential’ For Tax Reform
'It Is Crucial That A Budget Resolution Is Swiftly Passed So That Tax Reform Efforts Can Move Forward' Budget Resolution Is The 'Critical First Step To Advance A Tax Overhaul To Turn Our Nation's Economic Tide' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "Later today, [Sen. Enzi] will lead his committee in marking up a comprehensive budget for Fiscal Year 2018 that will help our country achieve balance by reining in federal spending. It will also help our economy grow, and one of the ways… Continue Reading
10.04.17
Sen. Schumer: ‘If We Don’t Do Something, There Will Be A Huge Rush To Invert’
FORMER PRESIDENT OBAMA: 'The Best Way To End This Kind Of Irresponsible Behavior Is With Tax Reform' SEN. ORRIN HATCH (R-UT): "Many of us have talked at length about inversions in recent years and the problems they pose for our economy and our tax base. Perhaps even worse than an inversion is when a larger foreign corporation simply acquires a smaller American corporation. Either way, the result is the same - a foreign corporation becomes the parent of the restructured multinational group. &hel… Continue Reading
10.03.17
‘A Historic Opportunity’ For Tax Reform
'The Republican Tax Reform Plan Will Turbo-Charge The Economy' 'The Framework Released Today Represents A Transformation Of America's Tax Code And Would Help The Middle Class' DAVID WILLIAMS, Taxpayers Protection Alliance President: "…a pro-growth tax code that will transform the American economy. The four million wordlong tax code strangles individuals, entrepreneurs and businesses alike in billions of dollars in compliance costs. …the comprehensive tax overhaul in 1986 demons… Continue Reading
