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What They Are Saying About Trump’s Tax Cuts & Jobs Act

- November 2, 2017

BUSINESS LEADERS AND MEMBERS OF CONGRESS ARE PRAISING THE TAX CUTS AND JOBS ACT AFTER IT WAS INTRODUCED TODAY

The Tax Cuts And Jobs Act Was Introduced Today

House Republicans Unveiled Their Tax Bill Thursday . "House Republicans are unveiled their new tax bill Thursday." (Lauren Fox, Deirdre Walsh and Ashley Killough, "GOP Leaders Unveil Key Details In New Tax Plan," CNN , 11/2/17)

The Bill Is Called "The Tax Cuts And Jobs Act." "The bill, called the Tax Cuts and Jobs Act, would permanently lower the corporate tax rate to 20% and limit the home interest deduction to loans up to $500,000." (Lauren Fox, Deirdre Walsh and Ashley Killough, "GOP Leaders Unveil Key Details In New Tax Plan," CNN , 11/2/17)

"Massive Tax Cut Plan For Individuals, Families And Businesses"

NBC Politics: "GOP Unveils Massive Tax Cut Plan For Individuals, Families And Businesses" (NBC Politics, Twitter , 11/2/17)

ABC News Headline: "House Republicans Release Tax Reform Bill Seeking To Simplify Code, Lower Corporate Rate." (Mary Bruce, Benjamin Siegel, and Merdith McGraw, "What's In Republicans' Tax Plan And What It Means For You," ABC News , 11/2/17)

CNBC Headline: "Tax Reform Bill Could Be A Huge Boon For Start-Up Employees." (Lora Kolodny, "Tax Reform Bill Could Be A Huge Boon For Start-Up Employees," CNBC , 11/2/17)

Washington Examiner Headline: "GOP Unveils Bill To End 'America's Broken Tax Code.'" ( Joseph Lawler, "GOP Unveils Bill To End 'America's Broken Tax Code,'" Washington Examiner , 11/2/17)

CNBC Headline: "GOP Tax Bill Is A Big Improvement ." (Jake Novak, "GOP Tax Bill Is A Big Improvement," CNBC , 11/2/17)

Business Leaders Praised The Bill, Calling It A "Grand Slam" And A "Big Positive"

Jay Timmons, CEO Of The National Association Of Manufacturers, Called The Tax Cuts And Jobs Act A "Grand Slam" For Manufacturers And The U.S. Economy That Will "Guarantee Investment, Jobs, [And] Growth." "The House tax reform bill is a grand slam for manufacturers and the US economy. Guarantees investment, jobs, growth." (Jay Timmons, Twitter Feed , 11/2/17)

The Tax Foundation Noted That As A Result Of The Tax Cuts And Jobs Act, Taxpayers "Across The Spectrum" Would "Experience Lower Tax Bills." "Individual income taxes are only one component of the proposed Tax Cuts and Jobs Act, and changes to business taxation could have a significant impact on wages and economic growth. Still, sometimes it's helpful to drill down on one component of reform, and, as these sample taxpayers demonstrate, taxpayers across the spectrum experience lower tax bills under the new bill." (Amir El-Sibaie and Jared Walczak, "Who Gets A Tax Cut Under The Tax Cuts And Jobs Act?," Tax Foundation , 11/2/17)

The Association Of Equipment Manufactures Praised The Bill Calling It "An Important Step On The Path Toward Achieving Pro-Growth, Pro-Manufacturing Tax Reform." "The equipment manufacturing industry commends Speaker Ryan, Chairman Brady and all the members of the House Ways & Means Committee for taking an important step on the path toward achieving pro-growth, pro-manufacturing tax reform." ("AEM: Tax Cuts And Jobs Act A Big Step Forward," Association of Equipment Manufactures , 11/2/17)

Matt Shay, President Of The National Retail Federation, Called The Bill's Lowering Of Business Tax Rates And Simplification Of The Tax Code A "Big Positive ." MATT SHAY: "Good morning, nice to be back with you we're very optimistic, pleased in what we've seen so far. Lowering the corporate rate to 20%, simplifying the code, lowering the rate for pass-throughs to 25%, those are big positives in our view. Retailers employ 42 million Americans in this economy and generate one in four jobs across the country. Anything that we do that's good consumers in the middle class we think is going to be good for the economy over all so we're very optimistic with what we've seen." (CNBC's "Squawk On The Street," 11/2/17)

The United States Chamber Of Commerce Called The Tax Cuts And Jobs Act "Exactly What Our Nation Needs To Get Our Economy Growing Faster." "'This bold #taxreform bill is exactly what our nation needs to get our economy growing faster.'" (U.S. Chamber Of Commerce, Twitter Feed , 11/2/17)

Members Of Congress Lauded The Bill After It Was Released Saying It Would "Rebuild The Middle Class" And Lead To Job Growth And Higher Paychecks

The Overall Mood Of House Republicans Is "Extremely Positive" After The Tax Bill's Release And "Even Some Of The Most Cynical Conservative Members Are Excited." "Overall mood coming out of House tax bill release is extremely positive even some of the most cynical conservative members are excited." (Eliza Collins, Twitter Feed , 11/2/17)

House Speaker Paul Ryan (R-WI) Praised The Legislation Saying That Under The Tax Cuts And Jobs Act, "The Average American Family Would Save $1,182 Per Year." "House Speaker Paul Ryan (R., Wis.) told reporters Thursday that the average American family would save $1,182 per year. 'This plan is for the middle-class families in this country who deserve a break,' Mr. Ryan said." (Kristina Peterson, "House Speaker Paul Ryan Says Average Family Will Save," The Wall Street Journal , 11/2/17)

House Majority Whip Steve Scalise (R-LA) Spoke In Support Of The Tax Cuts And Jobs Act Saying It Would "Rebuild The Middle Class." ".@SteveScalise: Our tax bill will cut rates for all families, help us rebuild the middle class and make us competitive again." (Fox & Friends, Twitter Feed , 11/2/17)

House Majority Leader Kevin McCarthy (R-CA) Said Tax Reform "Will Make Life Better For Everyone." "Good jobs, steady paychecks, and a simple system will make life better for everyone-that's what tax reform will do. #MAGA" (Rep. Kevin McCarthy, Twitter Feed , 11/2/17)

Ways And Means Committee Chairman Kevin Brady (R-TX) Stated "Today Marks The Beginning Of The End Of Our Nation's Broken Tax Code." "Today marks the beginning of the end of our nation's broken tax code. #TaxReform" (Rep. Kevin Brady, Twitter Feed , 11/2/17)

Rep. Todd Rokita (R-IN) Praised The Tax Cuts And Jobs Act, Noting That The Proposal Would Lead To Job Creation And "Bigger Paychecks." "By reforming our unfair tax code, more jobs will be created, Hoosiers will take home bigger paychecks." (Rep. Todd Rokita, Twitter Feed , 11/2/17)

Freedom Caucus Members Rep. Dave Brat (R-VA), And Rep. Andy Biggs (R-AZ), And Conservative Rep. Mark Walker (R-NC) All "Heaped Praise" On The Tax Cuts And Jobs Act. "Brat, Biggs & Walker heaped praise on bill from. @RepublicanStudy: 'Without trying to sugarcoat it, it looks really positive.'" (Rachel Bade, Twitter Feed , 11/2/17)

Rep. David Young (R-IA) Praised The Tax Cuts And Jobs Act For Giving A Family Earning $59,000 Approximately $1,182 In Tax Savings. "Family of 4 making $59,000 a year will see $1,182 tax savings under the Tax Cuts and Jobs Act. #TaxCuts #IA03." (Rep. David Young, Twitter Feed , 11/2/17)


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