Smith Praises House Passage of Tax Reform
Smith spoke on the House floor to highlight the benefits of tax reform and urge passage of the Tax Cuts and Jobs Act.
Congressman Adrian Smith (R-NE) released the following statement after voting in favor of the Tax Cuts and Jobs Act, which the House passed today to overhaul America’s tax code for the first time in 31 years.
“Today we took a historic vote to establish a simpler, fairer tax code for all Americans,” Smith said. “We have had more than 40 hearings and spent nearly seven years getting this right. This isn’t the final step, but it is a huge milestone – and a victory for so many Americans who have been struggling to make ends meet or grow their businesses or find a job.
“These comprehensive reforms will enable nine out of 10 taxpayers to file their taxes on a form the size of a postcard and level the playing field for U.S. businesses to compete in the global economy, which means more jobs and higher wages. Individuals and families will be able to keep more of their own money with across-the-board cuts and simplified compliance.
“I have said Congress does not look to the future often enough, but today’s vote defies this trend and will lead to greater opportunity for generations to come. With President Trump’s strong support, I’m glad we were able to come together and get this done for the good of our country.”
Click here for Smith’s November 9 column on tax reform.
Click here for Smith’s statement when the bill passed the Ways and Means Committee.
Click here for Smith’s statement when the bill was introduced.
Smith is a member of the Ways and Means Committee, which has jurisdiction over tax policy.