Congressman Ralph Norman (SC-05) has released the following statement after voting in favor to pass The Tax Cuts & Jobs Act:
"American families, workers and job creators were given a much-deserved and much-needed tax relief today with the passage of The Tax Cuts & Jobs Act. This tax reform bill is pro-family and pro-growth.
"Families and individuals at every income level will get a tax cut so that they can keep more of their hard-earned paychecks. A family of four making $73,000 a year will receive a tax cut of $2,059. The Child Tax Credit is expanded from $1,000 to $2,000, to help parents with the cost of raising children. This plan doubles the standard deduction for everyone
"Job creators will see a lower corporate tax rate at 21%, allowing us to be more globally competitive. The inclusion of an immediate expensing of capital investment will allow a farmer to purchase a tractor to expand operations or allow a mechanic to add a new bay to the shop.
"For the first time in 31 years, the House passed a comprehensive tax reform bill that breaks the status quo. I look forward to sending this bill to President Trump's desk before Christmas so that we can create jobs, increase paychecks, grow our economy, and improve lives."