Reforming our broken tax code
Dear Friends,
The House Ways and Means Committee consideration of H.R. 1, the “Tax Cuts and Jobs Act,” is a significant step towards reforming our broken tax code. This tax plan will help you keep more of the money you earn and will make the tax code fairer and simpler for everyone.
I encourage you to look at the details to of the bill.
While further adjustments will be made, the Tax Foundation, a nonpartisan organization, ran the numbers and found that the bill would lower tax rates and the cost of capital, which would “lead to 3.9 percent higher GDP over the long term [and] 3.1 percent higher wages.” To see the full study click here: https://taxfoundation.org/tax-cuts-jobs-act-state-impact/
To see the full bill visit: https://waysandmeans.house.gov/taxreform/
Sincerely,
Mac
Source: http://thornberry.house.gov/news/documentsingle.aspx?DocumentID=398299
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