Marshall comments on today's tax bill release
(WASHINGTON, D.C.) – Today, the House Committee on Ways and Means released the Tax Cuts & Jobs Act. This bill will deliver major reforms to our nation's tax code, including lower rates, dramatic simplification of the tax code, doubling of the standard deduction, expanding the child tax credit, allowing businesses to immediately write off the full cost of new equipment and provisions to keep American jobs here at home.
Upon review, Congressman Roger Marshall, M.D., released the following statement:
"Our hardworking American taxpayers and local businesses deserve tax relief, and this is a huge step in that direction," Congressman Roger Marshall, M.D., said. "The American family of four making the national median income of $59,000 will receive a $1,182 tax cut. More than 80% of families in the Big First use the standard deduction. Doubling the standard deduction while allowing those same families to file their taxes on a postcard will make it so Kansans can spend that time and money as they see fit.
When the framework for tax reform was announced two months ago, the House promised to lower rates, simplify the code and let hardworking taxpayers keep more of their money. It is clear upon first review that the Ways and Means Committee has kept its word. Chairman Brady deserves congratulations for getting us to this point, and I look forward to the Committee's discussion, markup and having the bill on the floor of the House this year."