A Historic Day - House Passes Tax Reform

Dec 19, 2017 Issues: Economy and Jobs, Tax Policy

Washington, DC – Today the House passed by a vote of 227-203 the final version of H.R. 1, the Tax Cuts and Jobs Act. With passage in the Senate, this legislation will be sent to the President’s desk for a signature. Representative Dave Reichert (R-WA) released this statement following final passage.

“Today is truly historic,” Rep. Reichert said. “We accomplished something that has not been successfully done since 1986. We passed a tax bill to make our tax code work for the American people. It puts more money in your pocket through lower tax rates and an increased standard deduction. To grow wages and jobs here at home, we provide tax relief for businesses big and small. While I know these provisions will benefit the American people, I am deeply disappointed that this Conference report rejected my request to remove drilling in the Arctic National Wildlife Refuge from the bill. Through my years on the Ways and Means Committee, I have consistently evaluated each tax proposal on what it would mean for families and for our economic growth. I am proud to support this bill because it passes this test and I look forward to seeing America better off for it.”

The final text of H.R. 1, the Tax Cuts and Jobs Act can be found HERE.