Rep. Roskam praises the passage of major tax reform legislation that benefits hardworking taxpayers and small businesses
Washington, D.C. — Representative Roskam (IL-06) released the following statement on the passage of H.R. 1, the Tax Cuts and Jobs Act, through both chambers of Congress:
“Today is a great day for Americans – Congress followed through on its commitment to the American people and delivered a tax code that is simpler and fairer and will allow millions of Americans to keep more of the money they earn.
“For decades Americans have struggled under the weight of a broken tax code that hurt middle- and lower-income families – maintaining a status quo that has punished so many and rewarded so few was not an option. Congress stood strong against those who demanded we hold on to an unfair system and instead, came together to deliver real tax relief for millions of Americans.
“After months of work developing a tax code that prioritizes middle-income families and small businesses, Congress has sent a bill to the President’s desk that I am pleased to say accomplishes that goal. Taxpayers in every tax bracket on average will see a tax break under this new tax code and the average family of four in my district making the median income of $135,485 and taking the standard deduction will save more than $4,500.
“Today, Congress seized the opportunity of a lifetime and the American people will reap the benefits.”
# # #