Rep. Ratcliffe on Republican tax reform proposal
WASHINGTON – Rep. John Ratcliffe (R-Texas) issued the following statement on the release of the House Republican tax reform bill, the Tax Cuts and Jobs Act (H.R. 1):
“I’m proud to support the largest tax overhaul and middle class tax relief America has seen since Ronald Reagan’s presidency. The Tax Cuts and Jobs Act released today puts more money back into the wallets of hardworking American families while spurring job creation and vastly simplifying our complex tax code. Those are priorities I believe all Americans can support.
“Here’s the bottom line: this legislation will reduce taxes for your typical middle class family of four by $1,200 per year. Tax rates on millionaires will stay exactly the same to ensure that we maximize relief for those who need it the most.
“We’ve already seen the far-left’s intellectually dishonest arguments about this bill debunked. In fact, the Washington Post, while traditionally not very sympathetic to conservative causes, gave four ‘Pinocchios’ to the claim that the Tax Cuts and Jobs Act won’t help the middle class.
“Wholesale reform to a broken system is naturally going to be met with strong opposition to those who benefit from the status quo. After all, there’s a reason tax reform of this magnitude hasn’t happened in more than 30 years. But rest assured that I will do everything in my power to push this across the finish line – because my constituents and the American people deserve nothing less.
“Over the coming weeks, there will likely be several changes and tweaks to a few provisions of the bill. I’m committed to staying engaged in this process to deliver the best possible deal to the American people. After eight crushing years of the Obama administration’s fiscal recklessness, I’m confident that better days are on the horizon for our country.”