I have been a long-time supporter of reforming our cumbersome tax code. In December of 2017, President Trump signed H.R. 1, the “Tax Cuts and Jobs Act,” into law. I was proud to fulfill my commitment to the American people by supporting legislation that delivers pro-growth, middle-class tax relief. H.R. 1 not only lowered individual and corporate tax rates, lightening the tax burden of many families and small businesses, but it has helped facilitate the revitalization of our economy – impacting current and future generations to come. This legislation will continue to create jobs, increase paychecks, and make the tax code simpler and fairer.
Since Congress passed the Tax Cuts and Jobs Act, the economy has already seen significant benefits:
- Approximately 3 million jobs have been created.
- Unemployment is at its lowest level in over fifteen years.
- Disposable income is up 3.5% over last year; and
- Worker productivity is at its highest since 2015.
I look forward to working to build off the successes of the Tax Cuts and Jobs Act and find more ways to stimulate our nation’s economy that allow families more opportunities to succeed.