One Step Closer To Tax Reform
‘Earlier this week, our colleagues in the House voted to work with the members of the Senate to produce a final bill to send to the president’s desk. And later today, the Senate will do the same. We will vote to join our colleagues in a conference to finish our work on tax reform. The American people deserve taxes that are lower, simpler, and fairer. By voting to go to conference, we will be one step closer to getting it done. I look forward to voting to send our legislation to conference later
WASHINGTON, D.C. – Senate Majority Leader Mitch McConnell (R-KY) made the following remarks on the Senate floor regarding a conference with the House on tax reform:
“Last week, Senators answered the calls of our constituents by voting to overhaul our complex and outdated federal tax code. We seized the opportunity to spur economic growth, to help create jobs right here at home, and to take more money out of Washington’s pocket and put more money into the pockets of hardworking American families.
“Our bill also helps provide for our country’s energy security by further developing Alaska’s oil and gas potential in an environmentally responsible way. And it delivers relief to low- and middle-income Americans by repealing Obamacare’s individual mandate tax.
“I would like to once again thank every one of my colleagues who supported this once-in-a-generation effort to make our tax code work for the middle class and help them get ahead. Since the beginning of this process, we said that tax reform would be done through regular order and an open process. That’s exactly what has happened.
“Under Chairman Hatch’s leadership, the Senate Finance Committee hosted dozens of hearings over multiple years and a full committee markup. Members on both sides of the aisle had the chance to offer amendments both in the committee and here on the floor. We considered numerous amendments, and, when it came time to vote, the Senate approved the bill. This has been a years-long process to deliver tax reform. We have come a long way, and we still have more work ahead of us.
“Earlier this week, our colleagues in the House voted to work with the members of the Senate to produce a final bill to send to the president’s desk. And later today, the Senate will do the same. We will vote to join our colleagues in a conference to finish our work on tax reform. The American people deserve taxes that are lower, simpler, and fairer. By voting to go to conference, we will be one step closer to getting it done. I look forward to voting to send our legislation to conference later today.”
Related Issues: Taxes, Economy
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