Wittman Votes in Favor of Historic Tax Reform

WASHINGTON – Congressman Rob Wittman (VA-1) released the following statement after voting in favor of the Conference Report to accompany H.R. 1, The Tax Cuts and Jobs Act:

“Today we made history. After 31 years of a bulky, broken tax code, we have passed a reform plan that means fairer taxes, bigger paychecks, and more jobs for my constituents. This pro-family, pro-growth plan for tax reform was inspired by hardworking men and women across the country who are struggling under our current tax code. With the Tax Cuts and Jobs Act, we are helping students by doubling the standard deduction and maintaining tuition waivers; we are helping working class families by increasing their take home pay and expanding the Child Tax Credit; and we are helping small business owners by lowering their tax rates. H.R. 1 also makes our corporations competitive again on the world stage by lowering rates and implementing a territorial tax system where taxes are imposed in the country where business activity occurs instead of the country of ownership. I’m tired of the status quo; I was proud to cast my vote in favor of reform that will boost our economy and put more money in the pockets of Americans from all walks of life. I’m thrilled to see what this historic tax reform does for the men and women of Virginia’s First Congressional District. This is just the first of the many great days to come for American economic prosperity.”

The Tax Cuts and Jobs Act lowers individual taxes and sets the rates at 0%, 10%, 12%, 22%, 24%, 32%, 35%, and 37% so people can keep more of their hard-earned money, nearly doubles the standard deduction, expands the Child Tax Credit, reduces the tax rate on small businesses, lowers the corporate tax rate to 21% effective at the beginning of 2018, and modernizes our international tax system by leveling the playing field for America’s global businesses so they can compete and win around the world.

Congressman Rob Wittman represents the 1st District of Virginia. He serves on the House Natural Resources Committee and the House Armed Services Committee, where he is the Chairman of the Seapower and Projection Forces Subcommittee.