Congress Moving Closer To Delivering Much-Needed Tax Relief
‘Once the committee completes its work to reconcile the differences between each chamber’s bill, every member of Congress will have the opportunity to cast a vote to provide meaningful tax relief to middle-class Americans. That should be something we all can support. And when Congress does, this bill will go to the president’s desk to become law.’
WASHINGTON, D.C. – The following are prepared remarks by Senate Majority Leader Mitch McConnell’s (R-KY) regarding progress on tax reform between the House and the Senate:
“Yesterday, Congress moved closer to delivering much-needed tax relief to American families and small businesses as members of the House and the Senate held a public meeting of the Tax Cuts and Jobs Act conference committee. The conferees discussed the best way to provide tax reform to families and small businesses across our country. Throughout this process, we have focused on the middle class and on those left behind by the Obama economy – like many of the families in Kentucky who I represent.
“By overhauling our broken and outdated tax code, we are working to seize this once-in-a-generation opportunity to grow paychecks, create more jobs, and help our economy reach its full potential. The plan before the conference committee will also end many of the perverse incentives for corporations to ship American jobs overseas. We want to bring those jobs and investments home and keep them here.
“Once the committee completes its work to reconcile the differences between each chamber’s bill, every member of Congress will have the opportunity to cast a vote to provide meaningful tax relief to middle-class Americans. That should be something we all can support. And when Congress does, this bill will go to the president’s desk to become law.
“I would like to thank every member who has contributed to making tax reform a reality, following years of hearings and proposals and a multitude of amendments as this legislation proceeded through regular order. This is a chance to work together to get the economy going again and lift up the families that the Obama Administration’s policies left behind.
“I hope that we can take this opportunity to move beyond partisanship to deliver real tax reform for the middle class. Many of the provisions of this bill are based on ideas that our friends across the aisle used to say they supported. I hope our friends will support them again. I would like to once again commend the conferees for their work, and I look forward to voting on the committee report soon.”
Related Issues: Taxes, Tax Reform, Economy
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