WASHINGTON, D.C. – Today Congressman Tom Emmer (MN-06) released the following statement after Congress passed, and sent to the President's desk for signature, a new United States tax code:
“This is a historic day for Minnesota and for America. The President's signature on these significant reforms to our tax code will deliver major tax-relief for the middle-class, allow businesses around the country to create new opportunities for every American and boost our nation’s economy. Minnesotans will not only see bigger paychecks starting next year, they will be able to keep more of that hard-earned money. This revamp of our nation’s broken tax code is long overdue.
“But our work has only just begun. With a better tax code in place and our continued efforts to roll back thousands of harmful regulations, the next step is addressing reckless government spending. Our national debt is upwards of a whopping $20 trillion and continues to skyrocket every day. As we move into next year, we will start reforming government spending to ensure future generations of Minnesotans live in a more prosperous America.”
“This is a historic day for Minnesota and for America. The President's signature on these significant reforms to our tax code will deliver major tax-relief for the middle-class, allow businesses around the country to create new opportunities for every American and boost our nation’s economy. Minnesotans will not only see bigger paychecks starting next year, they will be able to keep more of that hard-earned money. This revamp of our nation’s broken tax code is long overdue.
“But our work has only just begun. With a better tax code in place and our continued efforts to roll back thousands of harmful regulations, the next step is addressing reckless government spending. Our national debt is upwards of a whopping $20 trillion and continues to skyrocket every day. As we move into next year, we will start reforming government spending to ensure future generations of Minnesotans live in a more prosperous America.”
To read the full legislative text of the Tax Cuts and Jobs Act, click here.
To read the policy highlights of the Tax Cuts and Jobs Act, click here.
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