After the announcement of the Republican tax reform plan Wednesday, Congresswoman Vicky Hartzler (R-MO) released the following statement:
“I’m pleased we are working together in Congress on a tax reform plan that will lead to more jobs, fairer taxes, and bigger paychecks. The last time America had major tax reform was in 1986, and since then everything has gone out of style, especially our outdated, complex tax code. Now is the time to make our tax code simpler for everyone while allowing businesses to be more competitive globally. This means more investment in our economy and increased jobs for all Americans.
Our tax reform plan will immediately benefit the average American and small business owner. For example, a farmer can now buy a tractor and immediately expense the cost of this new investment, and the maximum tax rate for small and family-owned businesses will drop down to 25 percent. Families will see an increase in their child deduction tax credit, and most Americans will now be able to fill out their taxes on a paper the size of a postcard. The days of spending hours poring over complicated documents and exemptions will be replaced by a simpler system with much lower taxes for small businesses and the middle class.
Our tax reform plan eliminates excessive loopholes that are used by the wealthy while protecting key deductions for the middle class, such as tax deductions for charitable contributions, home mortgage interest and tax incentives for retirement security, work, and higher education.
I hope we can quickly pass this legislation and get it on the President’s desk so that we can create more jobs, simplify the burdensome tax process, and put more money in the wallets of Americans.”
5 comments:
You mean like it didn't do when W cut taxes? Remember 2008 anyone?
Our corporate taxes are insane; highest in the world.
No wonder our money stays out of the country.
How did we let this last scoundrel in the White House screw us up so badly?
God bless President Trump, and good legislators like Congresslady Hartzler!!
Harvey Hutchinson 403-522-6622 voice&text
Harvey, even though the rate says 35%, the average is about 14%. I don't mind if a company or a business gets a break for creating jobs, but you can't just say it. Prove how many jobs you make or how much you spend expanding first before the break kicks in.
Look at the jobs that were not created when W Bush cut taxes. It failed so badly that Obama rolled into office with ease.
Anonymous 4:43,
Why do all the American corporations leave their money offshore ?
No incentive to bring it back and invest in our own country .
That's why it's great that we have a business man with no politically correct agenda screwing the country
Harve Hutchinson 303-522-6622 voice&text
They leave it offshore because they are greedy traitors. I do agree with your last sentence though- we do have a businessman screwing the country.
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