Babin Votes to Advance Historic Tax Relief Bill for American People
Washington, DC – U.S. Rep. Brian Babin (R-TX) joined his House colleagues today in passing the House-Senate conference report for the Tax Cuts and Jobs Act (H.R. 1), landmark legislation that overhauls America’s tax code to deliver historic tax relief for American workers, families and job creators. The legislation now goes to the Senate where it is expected to pass and be sent to the President’s desk for his signature.
“We are now on the verge of delivering a historic and much-deserved win for the American people right before Christmas,” said Rep. Babin. “By cutting taxes for all Americans, eliminating special interest loopholes, doubling the child tax credit and lowering the tax burden on businesses, our bill will increase paychecks, create more jobs and make the tax code simpler and fairer for hardworking Middle-Class Americans.
“My priority is to make sure our tax code works for the average American taxpayer. Under the current system, it is the well-connected who have benefited. Our bill eliminates special interest carve outs for lawyers and lobbyists and returns taxpayer money to its rightful owners: hardworking Americans, job creators and savers.
“The bottom line is that our bill reduces taxes for all Americans and saves the average American family between $1,000 and 2,000 a year. For American workers, this tax reform bill creates more jobs right here in the U.S. by lowering the tax burden on small and large businesses. Currently, U.S. businesses pay the highest tax rate of any industrialized country at 35%.
“Our bill finally overhauls our broken tax code and puts the American taxpayer first while igniting the American economy and building on the already remarkable economic growth we have seen under the Trump Administration. This is truly an exciting and historic moment for the American people.”