Tax Reform Means A Better Year Ahead For American Families
‘Tomorrow’s tax filing deadline is not exactly a national holiday. But millions of Americans use the end of tax season as a time to pause and take stock. In recent weeks, at kitchen tables in Kentucky and across the country, working families have been crunching the numbers. For too long, our country’s outdated and unfair tax code made life more difficult than it needed to be for middle-class families.’
WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the benefits Americans across the country continue to see from tax reform:
“Tomorrow’s tax filing deadline is not exactly a national holiday. But millions of Americans use the end of tax season as a time to pause and take stock. In recent weeks, at kitchen tables in Kentucky and across the country, working families have been crunching the numbers. For too long, our country’s outdated and unfair tax code made life more difficult than it needed to be for middle-class families.
“Now Americans are rightly anticipating a better year ahead. And they aren’t having to wait long. President Trump is in Florida today to hold a roundtable discussion with small business owners. On Main Streets from Miami to Tallahassee, tax reform is empowering local employers to create more prosperity for their employees and communities.
“In Melbourne, the owner of Stellar Transport, a shuttle service that works closely with Florida’s elderly, is using tax savings to raise wages, expand paid vacation, and cover a 26 percent increase in healthcare costs for his 60 employees. In Jacksonville, Magellan Transport Logistics is planning to buy a new 47,000 square-foot facility and hire one hundred new employees as part of an ambitious plan to succeed under the new, pro-growth tax code.
“Of course, these are among just the first fruits of the U.S. economy under this historic new law. Millions of U.S. workers are receiving bonuses, raises, and special benefits. Not to mention lower utility rates and increased opportunities. And as employers adopt new withholding practices, more and more workers will see more of their own money going into their own pockets.
“Florida’s workers and entrepreneurs should be proud of Senator Rubio, who was instrumental in getting tax reform across the finish line. In particular, his efforts helped Republicans secure a significant increase in the child tax credit. It’s surprising that Florida’s senior senator didn’t want any part of all these tax cuts and new jobs. He took every opportunity to vote with every other Democrat and try to block these tax cuts from happening. Fortunately, Republicans overcame partisan opposition and made tax reform a reality.”
Related Issues: Tax Reform, Taxes, Economy
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