It has been a landmark year for judicial confirmations as Senate Republicans continue shaping the courts.⚖️ https://t.co/AnHf2e3Gso— Senate Republicans (@SenateGOP) 10/13/18
Senate Republicans are successfully shaping the courts. https://t.co/yyPxSod2cv— Senate Republicans (@SenateGOP) 10/11/18
➡️ 89 Days ➡️ 65 Senate Meetings ➡️ 30+ Hours of Hearings ➡️ 1 New Supreme Court Justice Confirming… https://t.co/iXpRI7Dvz8— Senate Republicans (@SenateGOP) 10/10/18
“Economy added 134,000 jobs in September; unemployment falls to nearly 50-year low” Read more about the September… https://t.co/NZPtwMv4Nj— Senate Republicans (@SenateGOP) 10/10/18
“The last time the American job market was this strong, astronauts were still going to the moon.” Read more from… https://t.co/cSIlB3KTlG— Senate Republicans (@SenateGOP) 10/10/18
🚨 Breaking 🚨 The Senate has just passed bipartisan legislation to reform America’s water infrastructure.— Senate Republicans (@SenateGOP) 10/10/18
The Senate is working to pass bipartisan legislation to reform America’s water infrastructure by: ♦️Addressing wate… https://t.co/J7Bty5wKnZ— Senate Republicans (@SenateGOP) 10/10/18
Are you a frequent flyer? Last week, the Senate passed the FAA Reauthorization Act, which enhances transportation safety and improves the flying experience for travelers. This bill was championed by @senjohnthune, pictured here welcoming an Honor Flight in D.C.’s Ronald Reagan Washington National airport.
Thank you, Senate Judiciary Committee Chairman @senatorchuckgrassley, for your work and leadership during the #SCOTUS confirmation process. #JusticeKavanaugh
“I am an optimist … I see the day that is coming. Not the day that has gone. I am optimistic about the future of America. I am optimistic about the future of our independent judiciary.” – Supreme Court nominee Judge Brett Kavanaugh #ConfirmKavanaugh
Happy birthday, @senatortimscott, pictured here during the first stop on his National Opportunity Tour in North Charleston. On this tour, he met members of the local community and spoke about opportunity zones, a provision of the #taxcutsandjobsact designed to encourage investment in economically distressed communities.
Sen. Crapo here, back for my final post in today’s #CrapoTakeover. The passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act was the Senate Banking Committee’s biggest achievement during the 115th Congress, and a memorable day for me as committee chairman. This legislation will further contribute to a pro-growth, pro-jobs agenda for the American people.
Community financial institutions are the pillars of towns across America. These institutions’ operating landscape has changed dramatically over the last few years, and community banks and credit unions across the country have struggled to keep up with the ever-increasing regulatory demands coming out of Washington. Earlier this year, I held a press conference with representatives from Idaho’s small banks and credit unions to talk about the real impact some of the onerous regulations have had on their ability to operate in their communities. #CrapoTakeover
I’m back, and excited to talk about the Economic Growth, Regulatory Relief, and Consumer Protection Act and its impact on small businesses. America’s capital markets drive innovation and job creation, and access to them is the lifeblood of our economy. When drafting this legislation, we made sure to include provisions that would enhance the ability of small businesses and innovators to access and raise capital in the United States. #CrapoTakeover
Sen. Crapo here, back for today’s #CrapoTakeover. The Economic Growth, Regulatory Relief, and Consumer Protection Act also increases protections for veterans. For example, one provision prevents credit bureaus from placing negative medical debt information on veterans’ credit scores for one year so they will no longer see their credit scores damaged by mix-ups in Veterans Choice Program payments. Take a look at the @SenateGOP Instagram story as I explain this bill even further.
Sen. @MikeCrapo here, taking over the @senategop Instagram account to tell you about the Banking Committee’s work to provide #Relief4MainStreet. Right-sizing regulations for financial institutions has been an important issue to members on both sides of the aisle for years. As policymakers, we must make sure that consumers are protected and that the burden on financial institutions is not so large that consumers, businesses, and our communities are deprived of financial services as a result. This Congress, we were able to reach a bipartisan agreement on legislation that provides meaningful relief to community banks and credit unions. #CrapoTakeover
The Economic Growth, Regulatory Relief, and Consumer Protection Act right-sizes regulations for financial institutions, making it easier for consumers and small businesses to get mortgages and obtain credit they need to grow and invest. It also increases consumer protections for veterans, senior citizens, victims of fraud, and those who fall on tough financial times. Tomorrow, @mikecrapo will take over our Instagram account to talk about the bill’s journey and how he is working to provide #Relief4MainStreet. #CrapoTakeover
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, today issued the following statement regarding the Senate confirmation of Judge Brett Kavanaugh to the Supreme Court.
“Judge Kavanaugh is a brilliant jurist who has spent 25 years of his life in public service. He has impeccable legal credentials and has consistently demonstrated a deep respect for our Constitution and the rule of law. Republicans came to Congress to ensure that the judges we confirm are dedicated to a faithful interpretation of the law. I have no doubt that Judge Kavanaugh will continue to demonstrate that commitment. With the confirmation of Justice Gorsuch last year and Judge Kavanaugh this year, Republicans have delivered on our promises. Judge Kavanaugh will be an asset to our nation’s highest court, and I wish him the very best as he takes up this new position.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, today issued the following statement regarding the Bureau of Labor Statistics’ announcement that the unemployment rate dropped to its lowest level since 1969 (3.7 percent), and the economy added 134,000 jobs in September.
“Our economy keeps getting better. As a result of the positive reforms the Republican-led Congress implemented to grow our economy, more Americans are getting back to work. Unemployment is at its lowest rate since 1969. More than 1.8 million jobs have been created since the passage of historic tax reform. Wages are increasing, consumer sentiment is at a 17-year high, and investments from overseas are returning to the U.S. Republicans promised to improve the lives of Americans through economic growth, and today’s job report is more proof that we are delivering on those promises. Our pro-growth, pro-jobs agenda is working.”
WASHINGTON – U.S. Sens. John Thune (R-S.D.), chairman of the Senate Republican Conference and the Senate Committee on Commerce, Science, and Transportation, today issued the following statement on the passage of the FAA Reauthorization Act of 2018 (H.R. 302), a five-year authorization of the federal aviation programs and a three-year reauthorization of the Transportation Security Administration (TSA). Headed to the White House for President Donald Trump’s signature, the legislation will help modernize airport infrastructure, improve service for the flying public, enhance transportation safety and security, and boost aviation industry innovation.
“In creating new protections and enhancements for the flying public, this bill creates five years of stable policy direction for the aviation community,” Thune said. “Travelers, utilizing small and large airports, will benefit from investments in infrastructure, more efficient security screening, and the prompt return of fees for services they don’t receive. Innovators also get a needed boost from provisions enhancing the competitiveness of our aircraft manufacturers and the continued integration of unmanned aircraft into our airspace.”
Highlights of H.R. 302:
Modernizing airport infrastructure
- Provides funding for airport development.
- Increases flexibility to finance projects.
- Requires TSA to make available, in airports and online, real-time information on security line waits.
Improving service for the flying public
- Prohibits involuntary bumping of passengers who have already boarded.
- Directs FAA to set minimum standards for airline seat sizes.
- Requires private rooms for nursing mothers in large and medium airports.
- Ensures airlines promptly return fees for services (seat assignments, early boarding, etc.) not received.
- Establishes an aviation consumer advocate within the U.S. Department of Transportation.
Enhancing safety and security
- Strengthens aviation training, reporting, tracking, and cybersecurity.
- Provides new risk-mitigation authorities for unmanned aircraft systems (UAS).
- Authorizes more canine security teams and, to meet demand, expands ways to test and certify dogs.
- Streamlines certifications for design and delivery of aircraft to boost competitiveness of aviation manufacturing.
- Furthers efforts to safely integrate unmanned aircraft into the airspace through traffic management system advancements and research.
- Creates an Office of Spaceports to support licensing and promote infrastructure improvements.
- Authorizes approval for civil supersonic aircraft that reduce sonic booms.
- Provides $1.68 billion in supplemental appropriations for disaster relief in the wake of Hurricane Florence.
- Reforms Federal Emergency Management Agency (FEMA) programs to help communities better prepare for and respond to disasters of all types.
Senate FAA bill section-by section summary (75 pages) available here.
Joint Senate/House highlights summary (5 pages) available here.
H.R. 302, FAA Reauthorization Act of 2018, full bill text (1207 pages) available here.
WASHINGTON — U.S. Sen. John Thune (R-S.D.) today released the following statement regarding the trilateral agreement with Mexico and Canada in the renegotiation of North American Free Trade Agreement (NAFTA). The deal must be approved by Congress before it can take effect.
“Throughout this process, I’ve always believed a trilateral agreement would best serve American businesses, particularly South Dakota’s farmers and ranchers who depend on exporting a significant share of their products to Canada and Mexico,” said Thune. “While I’m still reviewing the details of the agreement, an improved NAFTA would be good for businesses, consumers, and the economy, and I hope we can continue pursuing pro-America trade deals with other countries around the world.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, and U.S. Sen. John Barrasso (R-Wyo.), chairman of the Senate Republican Policy Committee, today released a new accomplishments webpage featuring the record of results Republicans have achieved to better the lives of the American people.
“It’s been nearly two years since the American people sent a conservative majority to Congress, and we are delivering results,” Thune and Barrasso said after releasing the Senate Republicans accomplishments page featuring legislative achievements reached under the Republican-led Senate. “From improving our economy to rolling back harmful Obama-era regulations, Republicans are keeping our promises. More Americans are getting back to work and seeing the benefits of historic tax reform. The Senate is confirming judicial nominees at a historic pace, and we continue to invest in our troops and rebuild our military. Senate Republicans are restoring regular order to Congress, and we will continue to put forward reforms to improve the lives of Americans everywhere.”
Background: The Senate Republican accomplishments webpage features fact sheets, videos, and graphics on various Republican achievements including legislation to reform our tax code and spur economic growth, improve public safety, restore regular order, support our troops, and confirm a historic number of judicial nominees. ###
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, today issued the following statement after the Senate overwhelmingly approved the bipartisan Opioid Crisis Response Act of 2018, which contains proposals from five Senate committees, including Thune-authored bills that were previously adopted by the Commerce Committee or Finance Committee. The Senate bill must now be reconciled with House-passed legislation before it can be sent to the president for his signature.
“The opioid crisis is a nationwide epidemic that needs to be fought on all fronts, which means Congress has a critical role to play in providing important tools to communities that are facing this issue head-on,” said Thune. “I’m proud of the collective effort that senators from both sides of the aisle have dedicated to finding common ground to expand both treatment and prevention activities. Today this bill is one step closer to the president’s desk, and we are one step closer to providing much-needed assistance to those who need it the most. I hope my colleagues in the House will consider this important piece of legislation without delay.”
- The Expanding Telehealth Response to Ensure Addiction Treatment (e-TREAT) Act (S. 2901), bipartisan legislation that would increase access to substance use disorder treatment through telehealth technology under Medicare. Thune has long advocated for the use of telehealth as a means to increase access to health care services in rural communities, like those throughout South Dakota (approved by the Finance Committee).
- The Fighting Opioid Abuse in Transportation Act (S. 2848), which would close a safety gap in railroad drug and alcohol testing regulations by expanding testing requirements to both rail mechanical employees and yardmasters. It also addresses a major on-going drug abuse issue by requiring that the Department of Health and Human Services and the Department of Transportation include fentanyl in the drug-testing panel, subject to findings on available testing (approved by the Commerce Committee)
Thune-Supported Provision, Approved by Thune-Led Commerce Committee:
- The Opioid Addiction Recovery Fraud Prevention Act of 2018 (S. 2842), which is sponsored by Sen. Shelley Moore Capito (R-W.Va.), would clarify and reaffirm the power of the Federal Trade Commission to bring enforcement actions against opioid treatment scams, including deceptive treatment claims and bogus products. It would also protect individuals with opioid use disorder and their families from harmful and misleading addiction treatment programs or products.
WASHINGTON — U.S. Sen. John Thune (R-S.D.) today issued the following statement regarding the Bureau of Labor Statistics’ announcement that the economy added 201,000 jobs and unemployment rate remains at a low 3.9 percent.
“Republicans came to Congress to make reforms that would grow the economy and get more Americans on the pathway to success. Our pro-growth, pro-jobs agenda is delivering those results. The nation’s unemployment rate remains near an 18-year low, and annual wage growth is the highest since 2009. Optimism among small businesses is historically high. Consumer confidence is at an 18-year high. The steady growth of our economy is good news for hardworking Americans.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, issued the following statement regarding the passing of his friend and colleague, Sen. John McCain (R-Ariz.):
“Sen. McCain leaves behind a legacy as big as his personality. As a son, midshipman, Navy captain, war hero, congressman, father, senator, and maverick, he’s filled his many roles with integrity and has always been driven by dedication to his country. John served the nation he loved until the very end, and he will be missed. Kimberley and I are praying for Cindy and the McCain family as they cope with the loss of their beloved husband and father.”
“15 More Judicial Confirmations, with More to Come” Read more in the National Review as Senate Republicans continue to shape the courts. ⤵️ https://www.nationalreview.com/bench-memos/15-more-judicial-confirmations-with-more-to-come/
It has been a landmark year for judicial confirmations as Senate Republicans continue shaping the courts.
“You cannot be civil …” – Hillary Clinton “When they go low, we kick them.” – Eric Holder “They’re not welcome.” – Maxine Waters They are “complicit in evil.” – Cory Booker This is what Democrats are saying.
More than 1.8 million jobs have been created since Republican-led #TaxReform was enacted.
➡️ 89 Days ➡️ 65 Senate Meetings ➡️ 30+ Hours of Hearings ➡️ 1 New Supreme Court Justice Confirming #JusticeKavanaugh
“Economy added 134,000 jobs in September; unemployment falls to nearly 50-year low” Read more about the September #jobsreport, where the unemployment rate fell to the lowest level since 1969.⤵️ https://www.usatoday.com/story/money/2018/10/05/september-jobs-report-economy/1527876002/
“The Tax Cuts and Jobs Act provides Americans with the relief they’ve been waiting for and ensures that America is ready to compete and win in the global marketplace.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, member of the Finance Committee, and conferee on the conference committee tasked with negotiating a final tax reform bill, issued the following statement today regarding the Senate’s final passage of the Tax Cuts and Jobs Act.
“This is a historic moment for our nation. For the first time since 1986, Congress has passed a comprehensive overhaul of the tax code. Our goal with this pro-growth tax reform package was to put more money in the pockets of hardworking Americans and create a tax code that fosters economic growth. The Tax Cuts and Jobs Act achieves that goal. Next year, families across America will see their tax bills drop and take-home pay increase, and businesses will find it easier to grow their operations, hire new workers, and raise wages. This legislation brings America’s tax system into the 21st century — benefiting workers and our economy. The Tax Cuts and Jobs Act provides Americans with the relief they’ve been waiting for and ensures that America is ready to compete and win in the global marketplace.”
Senate Finance Press Contact: 202-224-4515, Katie Niederee and Julia Lawless
WASHINGTON – Today, members of the Tax Cuts and Jobs Act (H.R. 1) House-Senate Conference Committee signed the conference report for this legislation and Conference Committee Chairman Kevin Brady (R-Texas) filed the conference report in the House. The bill will now move forward to be voted on next week by the entire House of Representatives and Senate.
With this bill, the typical family of four earning the median family income of $73,000 will receive a tax cut of $2,059.
Senate Finance Committee Chairman Orrin Hatch (R-Utah), a member of the conference committee, said:
“Historic achievements are challenging and reforming the tax code is no different. From the outset, Republicans in Congress sought to develop a comprehensive, pro-growth tax reform bill that will grow the economy, jumpstart job creation, and increase take-home pay for hardworking American families. Over the last several months, we’ve kept a steady pace, allowing each chamber to work its will and produce legislation that will achieve our shared goal. And, over the last two weeks, conferees in the Senate and House have met, examined the merits of each bill, worked to reconcile the differences and found consensus to produce final bicameral legislation. Today marks a critical milestone in this endeavor and keeps us on track to deliver a comprehensive tax overhaul to the American people by year’s end.”
Chairman Brady said:
“This is a historic moment for the American people. For the first time in 31 years, the House and the Senate have now come together to deliver pro-growth tax reform that will help more Americans across our country keep more of their hard-earned money. This legislation will also grow our economy, make our companies of all sizes more competitive, and help prevent more American jobs from continuing to go overseas. I appreciate my colleagues’ hard work and look forward to voting on this bill in the House next week.”
CLICK HERE to read the full legislative text of the Tax Cuts and Jobs Act.
CLICK HERE to read the policy highlights in the Tax Cuts and Jobs Act.
CLICK HERE to read the Joint Committee on Taxation revenue table.
"This legislation will bring real relief to the middle class by taking money out of Washington’s pocket and putting it into theirs. It means a tax cut of more than $2,000 for a family of four earning $73,000. That’s real money in communities across Kentucky - from Owensboro to Covington. And only those who don’t know the struggles of hardworking American families could conclude otherwise."
WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement on the Tax Cuts and Jobs Actconference report that was released today:
“First and foremost, I would like to congratulate the members of the Senate and the House who worked tirelessly to reconcile the differences between the two tax bills. What they have accomplished is critical for the future of our country – and that is no understatement. After 31 years, it’s about time.
“For too long, America has struggled to compete in an increasingly competitive world. For years, jobs and businesses have left our country. Meanwhile, middle-class families struggled to get by. For years, our nation suffered under an economy that failed them with lack luster economic growth and under a system that rewarded the few at the expense of the many.
“That’s changing with this legislation. China is already worried about this tax bill, because they know it will make America more competitive and spur greater investment here in America. This legislation will bring real relief to the middle class by taking money out of Washington’s pocket and putting it into theirs. It means a tax cut of more than $2,000 for a family of four earning $73,000. That’s real money in communities across Kentucky – from Paducah to Pikeville. And only those who don’t know the struggles of hardworking American families could conclude otherwise.
“Next week, the Senate will get this bill done so we can ensure the American people get the gift of real, meaningful tax relief this holiday season.”
“After years of economic stagnation, this bill will usher in a new era of economic dynamism in this country.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, member of the Finance Committee, and conferee on the conference committee tasked with negotiating a final tax reform bill, issued the following statement today regarding the House and Senate conference committee agreement on the Tax Cuts and Jobs Act.
“Members of the House and Senate came together to finalize the details of a pro-growth tax reform bill that will provide Americans with more jobs, fairer taxes, and bigger paychecks. By reducing individual tax rates, doubling the standard deduction, and increasing the child tax credit, our bill will ensure Americans are able to keep more of their hard-earned money. And by lowering taxes on job creators, our bill will foster an economic environment that will give Americans access to more jobs, higher wages, and better opportunities. Our final package delivers on the promise we made to provide real relief to hardworking Americans. After years of economic stagnation, this bill will usher in a new era of economic dynamism in this country. And it will send a message to the world that America is serious about competing and succeeding in the 21st century economy.”
Since January 2017, Thune has introduced numerous individual tax reform marker bills that cover multiple portions of the tax code. Thune-authored provisions included in the conference report to the Tax Cuts and Jobs Act are:
- Modified portions of Thune’s Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 (S. 1144), legislation that would simplify accounting rules and reform key parts of the tax code to help small and medium-sized business owners more quickly recover investment costs and certain other tax deductible business expenses. By accelerating cost recovery on property, equipment, inventory, and other common business investments, these provisions would encourage new business growth and help existing businesses, including farms and ranches, expand their operations, create new jobs, and grow the economy.
- Provisions from Thune’s S Corporation Modernization Act of 2017 (S. 711) that would allow foreign individuals to invest in S corporations through Electing Small Business Trusts (ESBTs) and treat ESBTs like S corporation shareholders so both can claim deductions with respect to charitable contributions made by an S corporation. Thune also led efforts during the conference to ensure that trusts, including ESBTs, and estates benefit from the new deduction for owners of pass-through businesses like S corporations.
Thune doesn’t believe death should be a taxable event, which is why he introduced the Death Tax Repeal Act in January 2017 and still strongly supports this approach. The conference report to the Tax Cuts and Jobs Act includes his provision from the Senate bill that would provide additional relief (compared to current law) to more of South Dakota’s family-run businesses, farms, and ranches that are currently threatened by the death tax, which is important progress.
Through his role as a member of the conference committee, Thune helped a number of other senators to include their shared priorities. Working with Sens. John Hoeven (R-N.D.), Pat Roberts (R-Kan.), and Chuck Grassley (R-Iowa), Thune helped improve the new deduction for pass-through businesses so owners of agricultural cooperatives benefit from the 20 percent deduction. Thune also worked with Sens. Dean Heller (R-Nev.), Cory Gardner (Colo.), and Grassley to ensure that tax credits for renewable energy, like wind and solar, are taken into account under the new international tax rules.
There’s a lot of fake news out there on tax reform. Let us help bust some of Senate Democrats' myths for you.
Myth: Sen. Elizabeth Warren (D-Mass.) claims that "one group of economists after another have looked at this bill and it won’t do a darned thing.”
Fact: 137 economists said, “Economic growth will accelerate” under the Tax Cuts and Jobs Act.
Myth: In a deleted tweet, Sen. Kamala Harris (D-Calif.) claims that “On average, middle class families earning less than $86,000 would see a tax increase …”
Fact: The Washington Post gave her "Four Pinocchios" and said, “Actually, it’s the opposite. Most families in that income range would get a tax cut.”
Myth: Sen. Chuck Schumer (D-N.Y.) claims that tax reform is “kicking 13 million people off health insurance to give tax cuts to the wealthy.”
Fact: The Washington Post says, “inaccurate." This bill only repeals the individual mandate’s penalty, which means Americans will no longer be forced to buy insurance they don’t want or can’t afford.
“This tax reform package will turn the economic tide and help Americans get ahead.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, issued the following statement today regarding the Senate’s passage of the Tax Cuts and Jobs Act.
“For too long, Americans have struggled to make ends meet in a weak economy. Today the Senate has taken an important step forward in providing them with relief. By cutting taxes for middle-income Americans and providing job creators with the environment they need to hire more workers and increase wages, this tax reform package will turn the economic tide and help Americans get ahead. I commend Chairman Hatch and my colleagues for all the work they have done this year to ensure this bill made it over the finish line here in the Senate. I look forward to working with my Senate and House colleagues to ensure our pro-growth tax reform package is signed into law.”
“Our plan cuts taxes for Americans of all income groups and provides a substantial tax cut for middle-income families.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, issued the following statement regarding passage of the Tax Cuts & Jobs Act out of the Senate Finance Committee today.
“Today Congress is one step closer to delivering a pro-growth tax reform package to the president’s desk. Senate Republicans on the Finance Committee came together with the goal of ensuring Americans get to keep more of their hard-earned money. The provisions in our plan deliver that. Our plan cuts taxes for Americans of all income groups and provides a substantial tax cut for middle-income families. By doubling the standard deduction, cutting tax rates, and increasing the child tax credit, we’re able to put more money in the pockets of everyday Americans. And by repealing Obamacare’s unpopular individual mandate tax, we’re able to provide even more relief for middle-income earners. I commend Chairman Hatch for his leadership and my colleagues on the committee for their contributions. I look forward to continuing our work with members of both the Senate and the House to get this bill across the finish line.”
“This proposal is good news for American workers and American families.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, issued the following statement today regarding the Senate Finance Committee’s comprehensive tax reform plan based on the unified framework.
“Middle-income Americans are tired of struggling under a weak economy. They are ready for relief. This proposal is good news for American workers and American families. The proposal the Senate Finance Committee unveiled today lowers tax rates, doubles the standard deduction, and increases the child tax credit, all of which will put more money into the pockets of hardworking Americans and give them more flexibility to care for their families. By lowering taxes on small businesses and other job creators, our plan also makes the reforms necessary to boost our economy and give Americans access to the kinds of jobs, wages, and opportunities that will set them up for a secure future. I commend Senate Finance Committee Chairman Orrin Hatch for his leadership and look forward to working with our colleagues in the House and the Trump administration to ensure a pro-growth tax reform package is signed into law.”
“Through comprehensive tax reform, we will be able to provide Americans with more jobs, fairer taxes, and bigger paychecks.”
WASHINGTON — U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, issued the following statement today regarding the House Ways and Means Committee’s release of a comprehensive tax reform bill based on the unified framework.
“For the first time in decades, we have an opportunity to fix our broken tax code and provide better economic opportunity for middle-income Americans. 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.”