I believe that America’s tax system should promote family saving and investment and encourage economic growth through simplicity and fairness. Instead, the current system is laden with inherent disincentives against working and investing.
The tax code is also unnecessarily complex. In fact, studies have shown that Americans annually spend billions of dollars and hours to comply with it. In short, the current tax system stifles opportunity for American families and businesses. Simplifying the tax code would stimulate job growth and help improve the economy (more on this effort below).
The Tax Cuts and Jobs Act is a bold, pro-growth bill that will overhaul our nation’s tax code for the first time since President Reagan’s historic tax reform 31 years ago. With this bill, a typical middle-income family of four, earning $59,000 (the median household income), will receive a $1,182 tax cut.
More on Tax Reform
Coming soon: bigger paychecks. Today, the Department of Treasury released new withholding tables following enactment of the Tax Cuts and Jobs Act. These updated tables will take effect in February, which means that in just a few weeks, Americans across the country will start to see bigger paychecks.
“Many employees will begin to see increases in their paychecks to reflect the new law in February,” according to the IRS.
A bill giving more flood victims a chance at financial assistance overcame a major hurdle in Washington Thursday.
The bill, passed by the U.S. House of Representatives, aims to fix the “duplication of benefits” issue that has plagued recovery efforts for many of those impacted by the August 2016 flood.
By Paul Ryan | Dec. 19, 2017 7:02 p.m. ET
The Tax Cuts and Jobs Act, which the House passed Tuesday, represents the biggest advancement for growth and opportunity in recent memory. It provides real relief to middle-income families and realizes policy goals conservatives have sought for decades.
The centerpiece of the bill is the most sweeping pro-growth reform of our tax code since the Reagan era—perhaps ever. Once President Trump signs it into law it will deliver more jobs, fairer taxes and bigger paychecks for Americans from all walks of life.
WASHINGTON, DC – Congressman Garret Graves (R- South Louisiana) released the following statement after voting today in the US House of Representatives to pass the Conference Report to Accompany H.R. 1, the Tax Cuts and Jobs Act – a bill that reforms the nation’s tax code for the first time in 31 years:
WASHINGTON, DC – Louisiana Congressmen Garret Graves (R-Capital Region) and Ralph Abraham, M.D.
In our weekly visit with Congressman Garret Graves, we covered a lot of ground…. everything from funding government through the end of the year, to his thoughts on statewide reciprocity on concealed carry to a bill he’s sponsoring to deny back pay to convicted deserter Sgt. Bowe Bergdahl. To listen click here
Congressman Garret Graves, (R-South Louisiana) issued the following statement after the U.S. House of Representatives passed the Tax Cut and Jobs Act (H.R. 1).
In his weekly visit with Talk 107.3’s Kevin & Bill, Mr. Graves addresses why he voted AGAINST a flood insurance reform bill, updates us on the status the Republican tax reforms and other topics.
With the release of the Tax Cuts and Jobs Act, Americans are trying to understand how these tax changes would impact their families. The pro-growth tax plan would simplify the tax code by eliminating most itemized deductions, while reducing marginal tax rates.