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Sen. Burr applauds Senate passage of historic tax reform
Story Date: 12/4/2017
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Source: US SENATOR RICHARD BURR (R-NC), 12/2/17
The House and Senate have both taken huge steps forward in our years-long effort to reform our nation’s tax code, and the Senate just took another big stride. We are about to finally unleash the American economy by putting more money back in the hands of the hard-working Americans who earned it.
The merits of this bill have been well-covered: it simplifies the code for the vast majority of Americans by doubling the standard deduction and reduces rates on all Americans while keeping popular deductions for mortgage interest, student loans and charitable giving. Under the Senate bill, a family of four making the median family income will save roughly $2,200 in taxes. And, despite what you may hear, this has been an open process from the start.
This is an historic opportunity to reform a broken tax code that hasn’t worked for the people of this country in years. We have a responsibility to do what you, the voters, sent us to Washington to do: make changes to our government so that your taxes are lower. We can do that by simplifying our incredibly complex tax system, making sure businesses hire and keep workers here in America, and trusting the American citizen with their own money. Another step closer to the President’s desk.
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