Rep. Russell Statement on House Passage of Tax Cuts and Jobs Act
Washington, DC – Rep. Steve Russell (OK-5) today voted for the Tax Cuts and Jobs Act (H.R. 1), which passed the House by a margin of 227 to 203. Despite the many MYTHS, H.R. 1 overhauls America’s tax code for the first time in a generation to deliver historic tax relief for workers, families, and job creators, and revitalize our nation’s economy. By lowering taxes across the board, eliminating costly special-interest tax breaks, and modernizing our international tax system, this legislation will help create more jobs, increase paychecks, and make the tax code more simple and fair for all Americans.
Rep. Russell commented on the passage of the Tax Cuts and Jobs Act, stating: “This legislation lives up to its name- cutting taxes for individuals, families, and businesses while delivering more jobs and higher wages for the American people. It simplifies our broken tax code, preserving the adoption tax credit for middle-income families and encouraging American businesses to bring offshore investments back home. It also eliminates the Affordable Care Act’s individual mandate penalty tax, providing families with much-needed relief and flexibility to buy the health care that’s right for them if they choose to do so. The Tax Cuts and Jobs Act is exactly what our country needs to get back on track. By doing nothing, we will continue to see our economy worsen and trillions added to the deficit. By taking our country in an entirely different direction through these tax cuts and reforms, we have a chance to let Americans enjoy more of the fruit of their own labor.”
Rep. Russell looks forward to Senate Republicans passing the Tax Cuts and Jobs Act this week so that the unified Republican government can deliver more jobs, fairer taxes, and bigger paychecks for hardworking Americans by the end of the year. To follow the progress of tax reform as it crosses the finish line, sign up to receive text message updates from the House Republican Conference by texting “TAX REFORM” to 50589. Message and data rates may apply.