Hatch's Historic Tax Reform Proposal Passes in the Senate

Statement

Senator Orrin Hatch (R-UT), Chairman of the Senate Finance Committee, issued the following statement and spoke in a press conference after the Senate passed his historic tax overhaul, the Tax Cuts and Jobs Act last night:

"Senate Republicans today came together to make history and advance a comprehensive tax overhaul that will deliver more income, more jobs, higher wages and more opportunity for all Americans," Hatch said. "Rooted in pro-growth policies, this legislation will help families and individuals invest in their future, promote savings, and encourage American job creators to keep more jobs and investment here at home. The measure also takes a critical step forward in improving our nation's flawed and unworkable healthcare system. By effectively repealing the regressive Obamacare individual mandate tax, we are putting Americans in charge of their health care and giving them the freedom to choose the best coverage for themselves and their families."

"This landmark achievement is the culmination of months of hard work and cooperation among Finance Committee members; leaders from the Senate, House and administration; and the entire Senate Republican Conference. It reflects a shared desire to produce a tax system that is pro-growth, pro-jobs, pro-family, and will move our country forward to meet the challenges and opportunities of the 21st century."

Source