Reichert, Ways and Means Committee Votes on the Tax Cuts and Jobs Act

Nov 9, 2017 Issues: Economy and Jobs, Tax Policy, Trade

Washington, DC – Today, Congressman Dave Reichert (R-WA), and his colleagues on the Ways and Means Committee finished a week-long discussion and voted on the Tax Cuts and Jobs Act

“From years of traveling around Washington’s Eighth District, from the suburbs of Issaquah to the farmlands of Chelan, I hear the same thing from middle income, hardworking taxpayers. They want to keep more of their hard-earned dollars, provide for their families, and give back to their communities,” Rep. Reichert said.

“The Tax Cuts and Jobs Act is bold and changes the status-quo giving relief to families and making the tax code more competitive, so our businesses can grow, hire more workers, and invest here at home. This will get our economy booming and lead to the creation of more jobs across our communities. I remember the feeling I had when I got my first job. I not only felt a sense of accomplishment, but I had more hope for the future. This plan will help more people experience this hope and put more money back in their pocket, which is why I supported this bill.”

New research has been released about the bill that shows how communities across Washington State and Washington’s Eighth District will greatly benefit under this plan. According to the Tax Foundation, 21,875 new full time jobs will be created in Washington State. Additionally, in the Eighth District, a middle income, 4-person household will receive a $3,654 tax cut from these reforms.