Wednesday, September 27, 2017
Hartzler: Tax reform plan will lead to more jobs, fairer taxes, bigger paychecks
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The last time America had major tax reform was in 1986, and since then everything has gone out of style, especially our outdated, complex tax code.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.”