House Republicans advance tax overhaul; entire Kansas delegation supports it

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"After working for weeks with my colleagues, and listening to my constituents about ways to improve the House Tax Cuts and Jobs Act, I supported moving the bill forward today as the next step to bringing tax cuts to hardworking taxpayers and businesses and creating a healthy economy that allows American workers to compete and win". The lower rates and simplified tax code embodied in that law set the stage for the economic growth of the 1990s.

The tax reform bill passed by the House retroactively changes how businesses can qualify for wind energy's primary investment tools, the wind Production Tax Credit (PTC) and Investment Tax Credit (ITC), which are already on a path to phase out by 2019. The Tax Cuts and Jobs Act will provide the average family of four in Cook's district, California's 8th Congressional District, approximately $1,400 annually in savings.

The lower chamber of Congress passed its version of the tax plan 227-205, hours after Trump made a rare trip to the Capitol for a closed-door meeting urging them to do so.

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"We are thankful the House moved swiftly to pass this important legislation that will give America's retailers and consumers a break,"saidJennifer Safavian, EVP of government affairs for the Arlington, Va. -based Retail Industry Leaders Association."America's current tax code is in dire need of an update".

Tax cuts for western NY families are one step closer to reality.

While our big business and worldwide competitors can tap funds to expand, hire, and raise wages, small businesses have become an afterthought under today's tax policy. As it stands now, nearly all small businesses (95 percent) are taxed not at the corporate rate but rather the top individual rate. It creates a new 25 percent top marginal tax bracket for those small businesses that earn more than $260,000 a year in profit ($200,000 for an unmarried individual). "Passage of tax reform would be good for families, good for workers and good for manufacturers".

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Rep. DesJarlais said, "Middle-class tax cuts passed the House of Representatives today. It's about time we finally answer the call that millions of Americans have been asking us to do for so long". That's extra money in your pocket for home repairs, a vacation, or to put away for the future.

The US House of Representatives has approved its version of tax cut plan in an along-party-line vote and delivered a major legislative achievement.

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