Washington, D.C. – Congressman Tom Emmer (MN-06) released the following statement regarding the introduction of the Tax Cuts and Jobs Act to reform the United States’ tax code:
“For far too long, we have been forced to sit idly by as our tax code has squeezed the middle-class, destroyed economic growth, and drove people and corporations out of this country. This has left us with a tax code that is nearly 75,000 pages long, too complex for the average family or business owner to understand, and has not been updated in more than three decades.
“But, today that all changes. The Tax Cuts and Jobs Act puts us in a position to finally undo our overly burdensome and complex tax system. Minnesotans currently face the 4th highest tax burden in the country, but because of the plan released today, they have a chance to see some relief from the heavy hand of the federal government.
“This tax reform is about middle-class families and those who are just starting out. This is about helping more Americans on their quest to raise a family and achieve the American Dream. This is about pulling our nation out of the past eight years of dismal GDP growth and boosting our economy to grow at a rate of 3-4 percent like we know it can. This is about families and businesses across this country once again being able to choose how to spend their money.
“Today is a reminder that we know we cannot tax our way into prosperity. I look forward to engaging with my colleagues as this legislation is thoroughly debated in Congress in the coming days and will continue find ways to cut spending and put more of the American people’s hard-earned tax dollars back in their pockets.”
The Tax Cuts and Jobs Act is H.R. 1. Click here for text and summaries.