Tax Reform For The Middle Class

Sen. Hatch: ‘Let Hardworking Families Keep More Of Their Hard-Earned Dollars’

SEN. MITCH McCONNELL (R-KY), Senate Majority Leader: “We think taxes should be lower, simpler and fairer for middle-class workers — so Americans can keep more of their own hard-earned money in their paychecks.” (Sen. McConnell, Remarks, 10/16/2017)

SEN. ORRIN HATCH (R-UT), Senate Finance Committee Chairman: “For too long, Americans have been bogged down by an outdated tax code that runs counter to the goal of growth and fails to promote jobs and investment here at home… Providing much-needed relief – whether it be doubling the standard deduction or expanding the Child Tax Credit – will help lift the middle class and let hardworking families keep more of their hard-earned dollars.” (Sen. Hatch, Press Release, 9/27/2017)

REP. PAUL RYAN (R-WI), Speaker Of The House Of Representatives: “So the whole purpose of this is to unrig the deal, unrig the economy, unrig the tax code, get rid of those loopholes, and just lower everybody’s tax rates and simplify the system. ... Simplify it so you can do your taxes on a post card and just keep your money in the first place.” (Rep. Ryan, Press Release, 10/13/2017)

REP. KEVIN BRADY (R-TX), House Ways And Means Committee Chiarman: “The details really do need to be filled in by the tax writing committees in the House and Senate, because we're really trying to drive a major middle-class tax cut. …what I can guarantee, we're going to work hard to make sure we lower tax rate[s] and allow families getting more of what they earned regardless of where they live.” (Bloomberg TV, 10/11/2017)

FRAMEWORK: ‘Typical Middle-Class Families Will See Less Of Their Income Subject To Federal Income Tax’

2017 TAX FRAMEWORK: “Under the framework, typical middle-class families will see less of their income subject to federal income tax.” (“Unified Framework For Fixing Our Broken Tax Code,” 9/27/2017)

• “The framework simplifies the tax code and provides tax relief by roughly doubling the standard deduction to: $24,000 for married taxpayers filing jointly, and $12,000 for single filers.” (“Unified Framework For Fixing Our Broken Tax Code,” 9/27/2017)

• “To further simplify tax filing and provide tax relief for middle-income families, the framework … significantly increases the Child Tax Credit.” (“Unified Framework For Fixing Our Broken Tax Code,” 9/27/2017)

• “The framework also provides a non-refundable credit of $500 for non-child dependents to help defray the cost of caring for other dependents.” (“Unified Framework For Fixing Our Broken Tax Code,” 9/27/2017)

• “Finally, the committees will work on additional measures to meaningfully reduce the tax burden on the middle-class.” (“Unified Framework For Fixing Our Broken Tax Code,” 9/27/2017)