Kustoff Statement in Support of Tax Reform
Washington, D.C. – U.S. Representative David Kustoff (TN-08) today released the following statement on release of the Tax Cuts & Jobs Act, legislation to reform the tax code and provide relief for the American people:
“Today, Chairman Kevin Brady and the House Ways and Means Committee released the Tax Cuts & Jobs Act, a plan for bold tax reform that will reduce the burden on hard-working West Tennesseans and America’s great middle class.
“Our plan will make the tax code fair and simple for all Americans.
“Tax reform means a family of four earning $59,000 will pay at least $1,182 less in taxes. A hometown, small business will see a $25,000 reduction in taxes, allowing the owner to expand, raise wages and hire more employees. By doubling the standard deduction, married couples will not pay any taxes on their first $24,000 earned.
“As I continue to receive and review information about this important legislation, I look forward to working with my colleagues and President Trump to pass our tax reform plan that will empower the middle class and boost the American economy.”