Rep. Ratcliffe votes for America’s biggest tax cut in 31 years
Repeals Obamacare’s individual mandate and puts more money in Americans’ paychecks
Washington, DC, December 19, 2017
Rep. John Ratcliffe (R-Texas) voted today for the passage of the final version of the Tax Cuts and Jobs Act (H.R. 1) in the U.S. House of Representatives. As the biggest tax cut since Ronald Reagan’s presidency, the bill will create bigger paychecks, spur job creation and knock the legs out from under Obamacare. President Trump is anticipated to sign it into law shortly.
“This is a historic accomplishment for our country. More than three decades in the making, the bill we just passed took our outdated, uncompetitive and overreaching tax code, and turned it upside down. Today we restored our confidence in the ingenuity of the American people and said no to a ‘Washington knows best’ attitude.”
“I was honored for the chance to have a seat at the table during our historic passage of the Tax Cuts and Jobs Act, and believe this is a Christmas present all Americans can be proud of.”
In addition to creating nearly 1 million jobs nationwide, the bill is expected to create close to 80,000 jobs in Texas. It is also projected to allow the average middle-class family of four in Texas to take home an extra $2,600 each year. By doubling the standard deduction for individuals and families, this legislation will create a zero percent tax bracket of up to $24,000 for families all across the country.
Significant pro-growth, pro-family provisions include:
Click here for more information on the Tax Cuts and Jobs Act.