Passage of Tax Reform Bill
by John Cornyn on December 2, 2017 at 3:00 PM
The Senate passed the Tax Cuts and Jobs Act today.
This is a big moment for American families and small businesses ready to turn the page on an Obama-era recovery that has been far too sluggish. Simplifying our nation’s tax code is the jumpstart our economy needs to bring jobs back and leave more money in the pockets of hardworking Texans.
A family of four in Texas making the median income will see their taxes cut by thousands of dollars - money they can save or spend on what they want instead of handing it over to Washington. And for Texas small businesses, this bill means less time trying to navigate the tax code and more time creating jobs.
There’s still work to be done, but I’m grateful for the effort to get this over the goal line in the Senate. I look forward to getting this to the President’s desk and delivering on our promise of pro-growth tax reform for the American people.