Roe Statement on House Passage of the Tax Cuts and Jobs Act
WASHINGTON, D.C. – Today, Rep. Phil Roe, M.D. (R-Tenn.) released the following statement after the House passage of H.R. 1, the Tax Cuts and Jobs Act:
“Republicans in Congress promised to work with President Trump to cut taxes for people of all income levels, and I’m proud the Tax Cuts and Jobs Act will deliver on this promise. This bill will help Tennesseans keep more of their pay and relieve the stress that comes with filing taxes and navigating a bloated, complicated tax code. Under the Tax Cuts and Jobs Act, a family of four making $58,367 will receive a tax cut of $1,087. The 44,584 Tennesseans in the First District who utilize the child tax credit will see that credit increase from $1,000 to $1,600 per child, and roughly 18,255 full-time equivalent jobs will be added to Tennessee’s economy. It’s estimated that nine out of ten Americans will be able to file their taxes on a form as simple as a post card under this legislation. This bill represents the kind of tax reform Tennessee families deserve, and I’m glad the bill passed the House today.”Congressman Roe wrote about the bill in his column this week. You can find that here.