Reichert, Ways and Means Committee Introduce the Tax Cuts and Jobs Act

Nov 2, 2017 Issues: Economy and Jobs, Tax Policy

Washington, DC – Today, Congressman Dave Reichert, (R-WA), and his colleagues on the Ways and Means Committee introduced the Tax Cuts and Jobs Act. This legislation marks a once in a generation opportunity to revamp the tax code and increase paychecks for middle class families.

“It’s time to get our economy booming again,” said Rep. Reichert. “Families across Washington and Americans around the country want more money in their pockets, higher wages, and to have the confidence they can save for their future. Today, after years of fighting to give American families a better deal, we have released a tax plan that puts American workers and families first, supports our job-creators, and strengthens America’s competitiveness across the globe.”

“Freedom is the American way, but the current tax code is holding us back threatening our livelihood and our future. We must rework our tax code so it is working for the American people, not the other way around. Our bold, job-creating tax plan will free Americans to focus on the things in life that matter and position American businesses to expand, compete, and hire more American workers here at home. This is our chance - there is too much at stake to let this once in a generation opportunity slip away.”

The full text of the The Tax Cuts and Jobs Act can be found HERE.

A section-by-section summary of the bill can be found HERE.

Congressman Reichert and Members of the Ways and Means Committee are scheduled to begin marking up the bill on Monday, November 6th.