Congressman Dave Reichert, R-Auburn, released the following statement on Tuesday after he joined the House in Washington, D.C., to approve the final version of the Tax Cuts and Jobs Act bill on a 227-203 vote:
“Today is truly historic,” Reichert said in a press release. “We accomplished something that has not been successfully done since 1986. We passed a tax bill to make our tax code work for the American people. It puts more money in your pocket through lower tax rates and an increased standard deduction. To grow wages and jobs here at home, we provide tax relief for businesses big and small.
“While I know these provisions will benefit the American people, I am deeply disappointed that this Conference report rejected my request to remove drilling in the Arctic National Wildlife Refuge from the bill. Through my years on the Ways and Means Committee, I have consistently evaluated each tax proposal on what it would mean for families and for our economic growth. I am proud to support this bill because it passes this test and I look forward to seeing America better off for it.”
The measure is expected to be approved Tuesday evening by the Senate and then go to President Donald Trump for a signature.
The measure includes lower individual tax rates and higher standard deductions. It also cuts the corporate tax rate to 21 percent from 35 percent.
Policy highlights can be found by clicking here.
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