Palazzo Votes for Historic Tax Reform
Washington, DC - Congressman Steven Palazzo (MS-4) released a statement today following House passage of H.R. 1, The Tax Cuts and Jobs Act.
“Today marks a historic and vital legislative victory for this Congress, our President and our country. It has been 31 years since our tax code has been reformed. The American people want and need a simple, fair tax code, and I’m proud to say that is exactly what we’ve accomplished today.
“For decades we’ve seen businesses leave this country, and take American jobs with them. Since my first day in Congress I have called for a tax code that is flatter and fairer, that benefits both small businesses and the middle class. American families and individuals have felt the impact of an outdated and broken tax code directly in their wallets, and that is about to change for the better. We made it our goal this year to provide relief to American families, individuals, and businesses, and today we held true to that promise.
“Seven years in the making, we’ve waited for this moment to send common-sense, conservative legislation to a President that will do the right thing for the American people and sign it into law. President Trump has proven to be a true leader in the face of this daunting task. Many doubted that we could get tax reform passed, but in one year's time we proved by taking on and successfully achieving one of the biggest legislative accomplishments, that we can work together and get the job done for the American people.”
The Tax Cuts and Jobs Act passed in the House by a vote of 227-203. This bill provides much needed reforms that will restore American competitiveness, better serve small businesses, and allow hardworking Americans to keep more of their money.
Some of the key provisions contained in the bill include: