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 the 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
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.
Yesterday, Republican members introduced the Tax Cuts and Jobs Act. The bill will deliver real tax relief to Americans across the country – especially low- and middle-income Americans who have been struggling for far too long to earn a raise and get ahead.
President Trump voiced his support:
The Tax Cuts and Jobs Act is designed to deliver much-needed tax relief to millions of families, help our workers and job creators compete and win here at home and around the world, and make the tax code simpler and fairer for all Americans. It will fuel economic growth – leading to more jobs, fairer taxes, and bigger paychecks for generations to come.
Below are responses to some common misconceptions about this effort. ("The common misconceptions below are bold and in quotes.")
“This is just a tax cut for the wealthiest Americans.”
The “Tax Cuts and Jobs Act” is the House Republicans' bill to rewrite the tax code for the first time in more than 30 years. Read the bill here.
POLICY HIGHLIGHTS | The Tax Cuts & Jobs Act
U.S. House of Representatives
More Jobs. Fairer Taxes. Bigger Paychecks.
INDIVIDUALS AND FAMILIES
In our weekly visit with US Rep. Garret Graves, we got an update on the proposed tax break for the middle class, and a first hand report on a working group he organized to help expedite disaster relief payments to individuals and communities in the future. Click here to listen.
U.S. Rep. Garret Graves (R-Baton Rouge) says Louisiana and the United States face a multitude of problems in numerous issues, including tax reform, regulatory reform and local traffic issues top his list.
Graves, who serves on the U.S. House of Representatives Transportation and Infrastructure Committee, sparked interest with the audience at an Iberville Chamber of Commerce luncheon fixing the area’s traffic problems was a high priority for him.
Lots to talk about today with Congressman Garret Graves… he’s working on the tax overhaul package, and still battling for constituents who feel that they have been shortchanged in the flood recovery process. He spent time in the studio this morning for AMBR. Listen here.
Event tickets can be found on Event Brite here