Americans Deserve Larger Paychecks, More Jobs, Better Opportunities

‘Tax reform can help move our economy into high gear. It can help deliver more jobs, higher wages, and increased opportunities for the American people. The men and women of this country deserve it, which is why I am committed to keeping up the work to get tax reform done.’

WASHINGTON, D.C. Senate Majority Leader Mitch McConnell (R-KY) made the following remarks on the Senate floor regarding the need for tax reform:

“During the Obama years, many of the hardworking men and women of America’s middle class felt forgotten. Paychecks often did not keep pace with rising costs. Opportunities for work could often seem bleak. And, for these men and women, the promise of a hard-earned retirement seemed to drift further and further away. For so many middle-class Americans, the last decade meant a weak economy and a decline of opportunities. The people of this nation deserve better. They deserve larger paychecks, more jobs, and better opportunities to get ahead.

“This Congress is committed to helping the economy live up to its full potential once again, which is exactly why we are committed to passing tax reform. This is our once-in-a-generation opportunity to overhaul a broken tax code that holds us back and replace it with something that actually works for the hardworking people of this country. It represents the single most important thing we can do today to get our economy back on the right track. Working together, President Trump, his team, and the tax-writing committees in Congress have developed a framework that will help us get there.

“Here is what it envisions. For American workers, we want to make your taxes lower, simpler, and fairer. We want to take more money out of Washington’s pockets and put more in yours. Helping individuals and families succeed is the first aim of tax reform.

“Helping businesses succeed is the second aim, so we can help create more jobs and keep them here in America. American businesses – both large and small – face an increasingly competitive global economy. We want to put American businesses and workers on a level playing field. Because when they are, they can win.  We want to help bring jobs and profits back home, and once they’re here we want to give businesses the right incentives to keep them here. We want to unleash the potential of the American economy.

“Helping you keep more of the money in your paycheck. Helping businesses grow and workers succeed. Helping move the economy into high gear so we can sustain real prosperity into the future for America’s middle class. These are the kinds of ideas that should be shared by everyone – Republicans and Democrats alike. Our friends across the aisle supported the need for tax reform for many years. They used to advocate it loudly. The tone seems to be different now though. What changed? The president, or so it would seem.

“We know that our Democratic friends are under immense pressure from the Hard Left to oppose everything this President touches, but I hope they can resist that pressure and do what they know is right — after all, shouldn’t we all support cutting middle-class taxes, helping small businesses, and bringing jobs and investments back to the United States?

“I was always under the impression Democrats wanted to end corporate offshoring, eliminate loopholes for the wealthy, and cut middle-class taxes. Well these are all aspects of the current tax reform framework. So there’s no need for our friends to invent reasons to justify opposing tax reform. There’s no reason to launch attacks on the tax-reform framework based on made-up details that aren’t actually in it. Tax reform has been a bipartisan effort before. It can be, and it should be, again now. So it’s up to our Democratic friends to decide if they’d like to engage in a serious way. I personally hope that they will join us in advancing this important initiative for our country.

“I think we owe at least that much to the millions of Americans who felt forgotten over the last decade. Tax reform can help move our economy into high gear. It can help deliver more jobs, higher wages, and increased opportunities for the American people. The men and women of this country deserve it, which is why I am committed to keeping up the work to get tax reform done.”

Related Issues: Taxes, Tax Reform