“This bill is a Christmas present for every American,” says Tom Graves
Washington, D.C. – Rep. Tom Graves’ (R-GA-14) today voted for and the House passed the Conference Report to Accompany the Tax Cuts and Jobs Act (H.R. 1), which is the final version of legislation to cut taxes for families and businesses and create more American jobs. This legislation worked out differences between the previously-passed House and Senate versions of the bill.
“This is a historic moment for our country,” said Rep. Graves. “When President Trump signs the Tax Cut and Jobs Act into law later this week, it will mark the first time the tax code was reformed in more than three decades.
“Our bill creates a simpler, flatter and fairer tax code,” continued Rep. Graves. “It puts more money in the pockets of hard-working Georgia families and makes the annual tax filing process much easier. It also spurs economic growth and private-sector job creation by slashing the corporate tax rate, which is currently the highest in the developed world, and cutting tax rates for small business income to the lowest levels since the 1940s.
“This bill is a Christmas present for every American family and business. Beginning on January 1, 2018, the new tax code will take effect, meaning Americans will start taking home more of their hard-earned money as soon as February. The American people elected President Trump and the Republican Congress to do big things, and this fulfills one of our promises,” concluded Rep. Graves.
The bill’s highlights include:
Click HERE to read the complete plan and explore the specifics.
WASHINGTON—The House of Representatives passed the conference report to H.R. 1, the Tax Cuts and Jobs Act. This move sends the bill to the Senate for a final vote that would land the bill on the president’s desk. Rep. Doug Collins (R-Ga.), Vice Chair of the House Republican Conference, issued the following statement in response:
“Today’s vote in the People’s House helps turn promise and potential into reality. Republicans have confidence in the potential of the American worker to make our country grow again—that’s why they are the foundation of the Tax Cuts and Jobs Act. We’re giving job creators more reasons to invest in America's workforce, strengthening our economy and our communities. We’re making the IRS less ravenous and putting more money back in the hands of American families so that they can pursue more of their ambitions on their own terms. A decade of the status quo has guaranteed us only a stagnant economy. Republicans promised to reform a broken, bloated tax system so that Americans can chart a path out of economic anxiety and into economic empowerment. We’re keeping that promise today.”