11.02.17

McConnell Statement on the Tax Cuts and Jobs Act

‘As the House continues moving its bill forward, we will continue doing the same in the Senate where the Finance Committee, under the leadership of Chairman Hatch, will soon release its own legislation. In conjunction with the administration, both chambers are going to keep moving full-steam ahead, because we are committed to achieving our shared tax reform goals for the middle class, working families, and small businesses.’

WASHINGTON, D.C. – Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding the Tax Cuts and Jobs Act that was released by the House Ways and Means Committee today:

“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 for our children.  I commend Chairman Kevin Brady and the members of the Ways and Means Committee for all of their hard work to put forward this critical tax relief bill that could provide a typical middle-income family of four earning $59,000 with an approximate tax cut of $1,200 a year.  That’s real money for people across our country and in our home states, including mine, from Paducah to Hazard to Florence.

“As the House continues moving its bill forward, we will continue doing the same in the Senate where the Finance Committee, under the leadership of Chairman Hatch, will soon release its own legislation.  In conjunction with the administration, both chambers are going to keep moving full-steam ahead, because we are committed to achieving our shared tax reform goals for the middle class, working families, and small businesses.”

Related Issues: Economy, Taxes