The Biggest Tax Reform In A Generation Is Now Law

The Biggest Tax Reform In A Generation Is Now Law

WASHINGTON – (RealEstateRama) — House Speaker Paul Ryan (R-WI) issued the following statement on enactment of the Tax Cuts and Jobs Act:

“The biggest tax reform in a generation is now the law of the land. As promised, the American people will begin the new year with a new tax code.

Speaker Paul Ryan

“At a time when many Americans are still living paycheck-to-paycheck, tax reform means more jobs, fairer taxes, and bigger paychecks. Already, workers are reaping the benefits of reform as companies take steps to reward their employees and expand their businesses. And soon, workers will begin to see bigger paychecks as new withholding tables take effect. Typical families of four can expect a tax cut of $2,059 next year as rates are lowered across the board. That is what this is all about: helping people earn more and keep more of what they earn.

“This is truly a moment of great hope and potential for our country. I would like to thank President Trump, Leader McConnell, Chairman Hatch, and Chairman Brady for their tireless work to make this day a reality. At long last, real tax relief is on the way. Merry Christmas.”

SHARE
Speaker Paul Ryan

Paul Ryan is the speaker of the U.S. House of Representatives. Now serving his ninth term in the House, he represents Wisconsin’s First Congressional District.

Contact:

Phone: (202) 225-0600
Fax: (202) 225-5117

Previous articleCapital Impact Partners Continues to Expand Innovation and Lending Support for Underserved Communities in Third Quarter
Next articleNew Home Sales Hit Post-Recession High in November