House Tax Reform Proposal ‘A Big Step Forward’

‘Their Legislation Marks The First Step Towards Our Goal Of Modernizing A Tax Code’

SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): “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.” (Sen. McConnell, Press Release, 11/02/2017)

SEN. ORRIN HATCH (R-UT), Finance Committee Chairman: “America’s tax code has been in disrepair for more than three decades because finding common ground on so many contentious and complex policy issues has been out of reach. But now, congressional leaders and this administration have made remarkable progress in finding a path forward. With the spotlight now on the tax-writing committees in the Senate and House, Chairman Brady has taken a significant step down that path. I commend him for his efforts in putting forward a proposal to overhaul our outdated tax code. It is a bold next step in our effort to improve our nation’s tax system and one that reflects our unified goals. While I will study this legislation carefully, I am working with my Senate colleagues to finalize the policy details of the Senate’s tax reform proposal to produce a mark for consideration in the Finance Committee once the House Ways & Means Committee completes its work …” (U.S. Senate Finance Committee, Press Release, 11/02/2017)

SEN. JOHN CORNYN (R-TX): “This proposal reflects our unified approach to simplifying our antiquated tax code for the first time since 1986, and I’m grateful for the steady leadership of my fellow Texan, Chairman Kevin Brady, to get to this point. Their legislation marks the first step towards our goal of modernizing a tax code riddled with special interest giveaways to be simple and fair for all Americans. I look forward to continuing to work with my colleagues on the Senate Finance Committee as we finalize our bill to grow jobs and put more money back in the pockets of Texans.” (Sen. Cornyn, Press Release, 11/02/2017)

SEN. JOHN THUNE (R-SD): “Through comprehensive tax reform, we will be able to provide Americans with more jobs, fairer taxes, and bigger paychecks. I commend House Ways and Means Committee Chairman Kevin Brady and the members of his committee for their work on a bill that provides much-needed relief for American families. I look forward to continuing to work with our colleagues in the House to deliver a final pro-growth tax reform package to President Trump’s desk for his signature.” (Sen. Thune, Press Release, 11/02/2017)

SEN. CHUCK GRASSLEY (R-IA): “The release of the House tax reform proposal is a critical step forward in passing middle class tax relief and pro-growth tax reform. As outlined in the framework, tax reform legislation should lower overall rates, simplify the tax code and make the U.S. economy more competitive. It should also help spur hiring, investment and increased wages. I’m reviewing the House tax reform plan, but it’s important to remember that the Senate is writing its own plan. I’m going to work to make sure that the final bill includes relief for small businesses, addresses the unfair estate tax and includes reforms that make U.S. industry and workers more competitive in the global economy.” (Sen. Grassley, Press Release, 11/02/2017)

SEN. BOB CORKER (R-TN): “I have a great deal of respect for the tax-writing committee in the House and appreciate the hard work its members have done to produce this piece of legislation… Throughout my time in public service, I have been a strong advocate for pro-growth tax reform and, like my colleagues, am excited about the possibility of producing the biggest tax rewrite since 1986.” (Sen. Corker, Press Release, 11/2/2017)

SEN. PAT TOOMEY (R-PA): "Republicans in the House have written a great tax reform bill that will put more money in the pockets of hardworking, middle-income Pennsylvanians and will produce a healthier, stronger economy. I applaud the leadership of Speaker Ryan and Chairman Brady for their work and believe the House should pass this measure. Meanwhile, my Senate Finance Committee colleagues and I are working diligently to finalize our own comprehensive tax plan. The shared goal of Congressional Republicans and the administration on tax reform remains the same: delivering a direct pay raise to hardworking American families and creating incentives for economic growth with new, well-paying jobs." (Sen. Toomey, Press Release, 11/02/2017)

SEN. ROB PORTMAN (R-OH): “For years, Americans have called on Congress to fix our broken tax code. Chairman Brady and Speaker Ryan today released a proposal that moves us one step closer to answering that calling, and I commend them for their hard work. I look forward to reviewing the details of the House’s tax reform plan as we in the Senate continue to finalize our proposal. The Senate Finance Committee has held 70 hearings on tax reform over the last five years, and I’m looking forward to a full debate and committee consideration of our proposal in the coming weeks. It is now time to deliver results for the American people by reducing the tax burden on the middle class, helping American businesses grow and prosper, and creating better jobs and wages for our workers.” (Sen. Portman, Press Release, 11/02/2017)

SEN. TIM SCOTT (R-SC): “My colleagues in the House have taken another important step towards making the economy boom again for the American people. As we move closer to passing comprehensive tax reform, I will remain focused on ensuring more families, grandparents, single moms, and young entrepreneurs can bring more of their hard-earned money home. We will continue our work in the Senate to produce a tax reform bill that increases the paychecks of hardworking Americans and helps create the jobs of the future right here in our amazing country.” (Sen. Scott, Press Release, 11/02/2017)

SEN. DEAN HELLER (R-NV): “Today Chairman Brady of the Ways and Means Committee released a draft of their tax bill, which is another enormous step forward in providing meaningful tax relief to Nevadans and other hardworking Americans across this country. Middle-class tax relief is particularly critical to the residents of my home state of Nevada…. As a member of that [Senate] tax writing committee, I've been working with my colleagues to craft a tax package that accomplishes three major goals. First, create more jobs. Second, increase wages, and, finally, third, boost Americans’ competitiveness worldwide.” (Sen. Heller, Floor Remarks, 11/02/2017)

SEN. JOHNNY ISAKSON (R-GA): “I applaud the House Ways and Means Committee for delivering a tax reform package that will simplify our broken tax code and show the world that the United States will again be a world-class competitor in the global marketplace. As we step up our work on our Senate tax reform proposal that will soon be released, we’re committed to moving this once-in-a-generation legislation through regular order … Our end goal is to come together with our colleagues in the U.S. House of Representatives to advance pro-growth tax reform that will lower taxes for Americans and job-creating businesses in our country.” (Sen. Isakson, @SenatorIsakson, Twitter, 11/02/2017)

SEN. BILL CASSIDY (R-LA): “This is an important step forward in our effort to reform the outdated tax code. I will continue to work with my Senate colleagues, as a member of the Finance Committee, to ensure we bring tax relief to working families.” (Sen. Cassidy, Press Release, 11/02/2017)

SEN. THOM TILLIS (R-SC): “Reforming our nation’s tax code will lead to bigger paychecks for hardworking North Carolinians and Americans across the country by stimulating jobs and economic growth. The House proposal released today is an excellent step toward delivering on the tax reform the American people have been waiting for. In the weeks ahead, I look forward to working with my House and Senate colleagues to get a bill on the President’s desk.” (Sen. Tillis, Press Release, 11/02/2017)

SEN. SHELLEY MOORE CAPITO (R-WV): “The House proposal marks an important step to deliver the comprehensive pro-growth tax reform that our country needs. Speaker Ryan and Chairman Brady have done a remarkable job crafting the proposal, and I know they will continue to be effective leaders as it advances in the House. In the Senate, we are hard at work on our own tax reform proposal that will put more money in the pockets of hardworking men and women and give our small businesses the resources they need to expand.” (Sen. Capito, Press Release, 11/02/2017)

SENS. MIKE LEE (R-UT) & MARCO RUBIO (R-FL): “We appreciate the hard work and countless hours our colleagues in the House have put into crafting this legislation. As we’ve long said, tax reform should be about making the code more pro-growth and pro-family. The House bill is an important step in the process.” (Sens. Lee & Rubio, Press Release, 11/2/2017)