Issue: Economy and Jobs

Walorski Statement on Senate Tax Reform Passage

Walorski Statement on Senate Tax Reform Passage

House Will Vote Monday to Begin Conference to Finalize Legislation

MISHAWAKA, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after the Senate passed tax reform legislation:

“Hardworking Hoosiers send too much of their hard-earned money to Washington and spend too much time figuring out their taxes. That’s why the House passed historic tax reform legislation that would boost our economy, simplify the tax code, level the playing field for American workers, and let middle-income families keep more of their paychecks. Now the Senate’s action has brought us yet another step closer to getting tax reform across the finish line, and I look forward to working together to send President Trump a bill to sign.”

BACKGROUND

In November, the House passed H.R. 1, the Tax Cuts and Jobs Act, which would overhaul the nation’s tax code, cut taxes for Americans at all income levels, and spur job creation and business investment.

The House on Monday will vote on a motion to go to conference, the next step in the process of reconciling differences between the House and Senate versions of tax reform legislation and sending a final bill to the president’s desk.

For more information about tax reform, visit walorski.house.gov/taxreform.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Walorski Votes for Tax Cuts & Jobs Act

Walorski Votes for Tax Cuts and Jobs Act

House Passes Historic Tax Reform Legislation

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after supporting H.R. 1, the Tax Cuts and Jobs Act, which passed the House by a vote of 227 to 205:

“Hardworking Hoosiers send too much of their hard-earned money to Washington and spend too much time figuring out their taxes. Today we are one step closer to changing that.

“The Tax Cuts and Jobs Act delivers a fair and simple tax code that will let working families keep more of their paychecks. And it will help American businesses grow, invest in our communities, hire more workers, and raise wages.

I look forward to working with the Senate to send tax reform legislation to President Trump’s desk so hardworking Americans have a better chance to live the American Dream.”

BACKGROUND

Congresswoman Walorski on Wednesday spoke in support of the Tax Cuts and Jobs Act on the House floor. Video of her remarks is available here.

Bigger Paychecks

American taxpayers send too many of their hard-earned dollars to Washington, making it harder for middle-class families to thrive. The Tax Cuts and Jobs Act means bigger paychecks for hardworking families, more money in their pockets, and more flexibility in how they use it.

  • Lowers income tax rates for low- and middle-income Americans to 0, 12, 25, and 35 percent. It would maintain a 39.6 percent rate on high-income Americans.
  • Roughly doubles the amount of income excluded from taxes, with the standard deduction increasing from $12,700 to $24,000 for married couples and from $6,350 to $12,000 for individuals.
  • Supports families by expanding the Child Tax Credit from $1,000 to $1,600, providing a $300 credit for each parent and non-child dependent, and preserving the Child and Dependent Care Tax Credit and Adoption Tax Credit.
  • Makes no changes to critical retirement savings options like 401(k)s and Individual Retirement Accounts.
  • Streamlines higher education benefits so families can save for college and other education expenses.

More Jobs

Our outdated tax code makes it harder for businesses to create jobs and compete in the 21st century economy. The Tax Cuts and Jobs Act will help businesses grow, invest, and hire more workers, and it will keep America competitive in the global economy.

  • Lowers the tax rate on small businesses to no more than 25 percent, the lowest rate on Main Street job creators in nearly 80 years.
  • Provides additional tax relief for small businesses and startups with a lower rate of 9 percent on their first $75,000 in income.
  • Ensures tax relief is targeted to local job creators by establishing strong safeguards.
  • Helps businesses invest and expand by allowing full and immediate expensing of new equipment and by preserving the ability of small businesses to write off interest on loans.
  • Lowers the corporate tax rate from 35 to 20 percent, below the average among industrialized nations.
  • Levels the playing field for American workers by ending incentives to send American jobs, manufacturing, and profits overseas.
  • Supports “Made in America” innovation by maintaining the Research and Development Tax Credit.

Fairer Taxes

The tax code is overly complicated and full of special interest carve-outs and loopholes. The Tax Cuts and Jobs Act eliminates special interest tax breaks and makes the tax code so simple most people can file on a postcard-size form.

  • Simplifies the tax code so most individuals and families can file their taxes on a postcard-like form.
  • Eliminates special-interest loopholes while maintaining important middle-class tax incentives.
  • Continues important middle-class tax deductions, including for charitable contributions, home mortgage interest, and state and local property taxes up to $10,000.
  • Protects family farms and small businesses from the Death Tax by immediately doubling the exemption and repealing the Death Tax fully in 2023.

Learn more at walorski.house.gov/taxreform.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Learn About the Tax Cuts & Jobs Act

“Hardworking Hoosiers send too much of their hard-earned money to Washington and spend too much time figuring out their taxes. Today we are one step closer to changing that. The Tax Cuts and Jobs Act delivers a fair and simple tax code that will let working families keep more of their paychecks. And it will help American businesses grow, invest in our communities, hire more workers, and raise wages. I look forward to working with the Senate to send tax reform legislation to President Trump’s desk so hardworking Americans have a better chance to live the American Dream.”

 


Read my op-ed in the South Bend Tribune

Viewpoint: Time to fix the broken tax code

By Jackie Walorski

We’ve all heard the reasons why we need tax reform: Our tax code hasn’t been updated in 31 years. It’s complicated, antiquated, and unfair. It’s holding our economy back.

But you don’t have to read all 70,000-plus pages of the tax code to know it’s hurting American workers and families.

Hoosiers know this system is broken. You send too much of your hard-earned money to Washington and spend too much time figuring out your taxes. The tax code favors special interests, not hardworking Hoosiers like you.

It’s time to change all that.

When I joined the Ways and Means Committee, I set out to give Hoosiers a voice in this once-in-a-generation opportunity to fix our broken tax code. We worked with President Trump to come up with a plan that puts families, small businesses, manufacturers, and farmers first.

The Tax Cuts and Jobs Act will finally deliver the fair and simple tax code you deserve — one that cuts taxes for middle-class families and once again makes America the best place in the world to start and grow a business.

This bill will give workers and businesses a better chance to succeed. It will simplify the tax code by eliminating special-interest loopholes. And it will let you keep more of the money you earn.

Read the rest of the op-ed here


Read about the Tax Cuts and Jobs Act

American jobs.

Fair and simple taxes.

More money in your pocket.

  • Click here to read the full legislative text of the Tax Cuts and Jobs Act.
  • Click here to read a detailed summary of the bill.
  • Click here for FAQs.
  • Click here to read policy highlights of the bill.
  • Click here to read examples of how the bill helps hardworking Americans.
  • Click here to find out what it means for you.

What tax reform means for you

Bigger paychecks.

American taxpayers send too many of their hard-earned dollars to Washington, making it harder for middle-class families to thrive. The Tax Cuts and Jobs Act means bigger paychecks for hardworking families, more money in their pockets, and more flexibility in how they use it.

  • Lowers income tax rates for low- and middle-income Americans to 0, 12, 25, and 35 percent. It would maintain a 39.6 percent rate on high-income Americans.
  • Roughly doubles the amount of income excluded from taxes, with the standard deduction increasing from $12,700 to $24,000 for married couples and from $6,350 to $12,000 for individuals.
  • Supports families by expanding the Child Tax Credit from $1,000 to $1,600, providing a $300 credit for each parent and non-child dependent, and preserving the Child and Dependent Care Tax Credit and the Adoption Tax Credit.
  • Makes no changes to critical retirement savings options like 401(k)s and Individual Retirement Accounts.
  • Streamlines higher education benefits so families can save for college and other education expenses.

Fairer taxes.

The tax code is overly complicated and full of special interest carve-outs and loopholes. The Tax Cuts and Jobs Act eliminates special interest tax breaks and makes the tax code so simple most people can file on a postcard-sized form.

  • Simplifies the tax code so most individuals and families to file their taxes on a postcard-like form.
  • Eliminates special-interest loopholes while maintaining important middle-class tax incentives.
  • Continues important middle-class tax deductions, including for charitable contributions, home mortgage interest, and state and local property taxes up to $10,000.
  • Protects family farms and small businesses from the Death Tax by immediately doubling the exemption and repealing the Death Tax fully after six years.

More jobs.

Our outdated tax code makes it harder for businesses to create jobs and compete in the 21st century economy. The Tax Cuts and Jobs Act will help businesses grow, invest, and hire more workers, and it will keep America competitive in the global economy.

  • Lowers the tax rate on small businesses to no more than 25 percent, the lowest rate on Main Street job creators in nearly 80 years.
  • Provides additional tax relief for small businesses and startups with a lower rate of 9 percent on their first $75,000 in income.
  • Ensures tax relief is targeted to local job creators by establishing strong safeguards.
  • Helps businesses invest and expand by allowing full and immediate expensing of new equipment and by preserving the ability of small businesses to write off interest on loans.
  • Lowers the corporate tax rate from 35 to 20 percent, below the average among industrialized nations.
  • Levels the playing field for American workers by ending incentives to send American jobs, manufacturing, and profits overseas.
  • Supports “Made in America” innovation by maintaining the Research and Development Tax Credit.

Tell me what you think!

I want to know what you think about tax reform. Send me an email to share your opinion.


Learn more about tax reform


Latest news

December 2017

November 2017

October 2017

September 2017

August 2017

Earlier This Year

 

Walorski Speaks on House Floor in Support of the Tax Cuts and Jobs Act

Walorski Speaks on House Floor in Support of the Tax Cuts and Jobs Act

“The Tax Cuts and Jobs Act will deliver pro-growth tax reform to the families, farmers, manufacturers, and workers in my district.”

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today spoke in support of H.R. 1, the Tax Cuts and Jobs Act, on the House floor. The House on Thursday will vote on the tax reform bill.
Video of Congresswoman Walorski speaking on the House floor is available here. The full text of her remarks is below.

“I can’t tell you how grateful I am to cast a vote to move our tax code one step closer to its first overhaul in 31 years.

“We know the tax code is broken. The American people the tax code is broken. They’re reminded every time they look at their paycheck.

“The Tax Cuts and Jobs Act will deliver pro-growth tax reform to the families, farmers, manufacturers, and workers in my district.

“For families, we’re delivering tax cuts so that hardworking Hoosiers can keep more of their hard-earned money. We’re enhancing the Child Tax Credit, preserving the Adoption Tax Credit, encouraging retirement savings, and streamlining 15 different education tax incentives.

“We’re delivering a tax code so simple most Americans can file taxes on a postcard. In my district, 80 percent of filers already take the standard deduction. They will be able to keep even more of their money, because the standard deduction is doubled, and most itemizers will now be able save time, money, and stress by taking the double standard deduction instead. No one’s ever excited to file their taxes, but I’m all for a simpler, quicker process that makes it much more pain-free.

“H.R. 1 helps job creators grow. Small businesses get a lower rate and more simplicity. Family businesses passed down for generations won’t have to worry about the estate tax anymore. And America will be a more attractive place to do business. Our antiquated tax code keeps investment and jobs out. This bill incentivizes companies to bring profits back, to locate facilities here, and grow American jobs and raise wages.

“I was so proud to vote for this bill in the Ways and Means Committee, and I’m proud to be a part of this House that is delivering another crucial step towards tax cuts, simplicity, and fairness. I urge all of my colleagues to support this bill, and I yield back.”

For more information about the Tax Cuts and Jobs Act, visit walorski.house.gov/taxreform.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

South Bend Tribune Viewpoint: Walorski: Time to Fix the Broken Tax Code

Viewpoint: Time to fix the broken tax code

By Jackie Walorski

We’ve all heard the reasons why we need tax reform: Our tax code hasn’t been updated in 31 years. It’s complicated, antiquated, and unfair. It’s holding our economy back.

But you don’t have to read all 70,000-plus pages of the tax code to know it’s hurting American workers and families.

Hoosiers know this system is broken. You send too much of your hard-earned money to Washington and spend too much time figuring out your taxes. The tax code favors special interests, not hardworking Hoosiers like you.

It’s time to change all that.

When I joined the Ways and Means Committee, I set out to give Hoosiers a voice in this once-in-a-generation opportunity to fix our broken tax code. We worked with President Trump to come up with a plan that puts families, small businesses, manufacturers, and farmers first.

The Tax Cuts and Jobs Act will finally deliver the fair and simple tax code you deserve — one that cuts taxes for middle-class families and once again makes America the best place in the world to start and grow a business.

This bill will give workers and businesses a better chance to succeed. It will simplify the tax code by eliminating special-interest loopholes. And it will let you keep more of the money you earn.

Read the rest of the op-ed here

You can learn more about the Tax Cuts & Jobs Act at walorski.house.gov/taxreform.

###

Walorski Votes to Send Tax Cuts & Jobs Act to House Floor

Walorski Votes to Send Tax Cuts & Jobs Act to House Floor

Ways and Means Committee Approves Tax Reform Bill After Week-Long Markup

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after the House Ways and Means Committee approved H.R. 1, the Tax Cuts and Jobs Act, setting up the historic tax reform legislation for a vote on the House floor next week:

“We just took a big step toward cutting taxes for middle-class families, simplifying our tax code, and leveling the playing field for American workers and businesses. Simply put, the Tax Cuts and Jobs Act will mean more jobs, higher wages, and bigger paychecks for hardworking Hoosiers. I look forward to voting on the House floor to pass this historic tax reform bill so we can give the American people the fair and simple tax code they deserve.”

BACKGROUND

Walorski is a member of the House Ways and Means Committee, which marked up the bill beginning Monday and approved an amended version today by a vote of 24 to 16. The committee made several improvements to the original bill, including preserving the adoption tax credit and providing additional tax relief for small businesses and startups.

Bigger Paychecks

American taxpayers send too many of their hard-earned dollars to Washington, making it harder for middle-class families to thrive. The Tax Cuts and Jobs Act means bigger paychecks for hardworking families, more money in their pockets, and more flexibility in how they use it.

  • Lowers income tax rates for low- and middle-income Americans to 0, 12, 25, and 35 percent. It would maintain a 39.6 percent rate on high-income Americans.
  • Roughly doubles the amount of income excluded from taxes, with the standard deduction increasing from $12,700 to $24,000 for married couples and from $6,350 to $12,000 for individuals.
  • Supports families by expanding the Child Tax Credit from $1,000 to $1,600, providing a $300 credit for each parent and non-child dependent, and preserving the Child and Dependent Care Tax Credit and the Adoption Tax Credit.
  • Makes no changes to critical retirement savings options like 401(k)s and Individual Retirement Accounts.
  • Streamlines higher education benefits so families can save for college and other education expenses.

More Jobs

Our outdated tax code makes it harder for businesses to create jobs and compete in the 21st century economy. The Tax Cuts and Jobs Act will help businesses grow, invest, and hire more workers, and it will keep America competitive in the global economy.

  • Lowers the tax rate on small businesses to no more than 25 percent, the lowest rate on Main Street job creators in nearly 80 years.
  • Provides additional tax relief for small businesses and startups with a lower rate of 9 percent on their first $75,000 in income.
  • Ensures tax relief is targeted to local job creators by establishing strong safeguards.
  • Helps businesses invest and expand by allowing full and immediate expensing of new equipment and by preserving the ability of small businesses to write off interest on loans.
  • Lowers the corporate tax rate from 35 to 20 percent, below the average among industrialized nations.
  • Levels the playing field for American workers by ending incentives to send American jobs, manufacturing, and profits overseas.
  • Supports “Made in America” innovation by maintaining the Research and Development Tax Credit.

Fairer Taxes

The tax code is overly complicated and full of special interest carve-outs and loopholes. The Tax Cuts and Jobs Act eliminates special interest tax breaks and makes the tax code so simple most people can file on a postcard-sized form.

  • Simplifies the tax code so most individuals and families to file their taxes on a postcard-like form.
  • Eliminates special-interest loopholes while maintaining important middle-class tax incentives.
  • Continues important middle-class tax deductions, including for charitable contributions, home mortgage interest, and state and local property taxes up to $10,000.
  • Protects family farms and small businesses from the Death Tax by immediately doubling the exemption and repealing the Death Tax fully after six years.

Learn more at walorski.house.gov/taxreform.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Walorski Statement on the Tax Cuts & Jobs Act

Walorski Statement on the Tax Cuts and Jobs Act

Tax Reform Bill Would Boost Job Growth, Cut Tax Rates for Middle Class Families, Simplify Tax Code

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after House Republicans unveiled H.R. 1, the Tax Cuts and Jobs Act, which would overhaul the tax code for the first time in 31 years to boost job growth and provide tax relief for middle-class families:

“Hoosiers deserve every opportunity to achieve success and live the American Dream, and that’s what tax reform is all about. The Tax Cuts and Jobs Act will help American businesses expand, invest, and hire more workers, and it will let middle-class families keep more of the money they earn. It’s time to fix our broken tax code and level the playing field for hardworking Americans by once again making America the best place in the world to do business.”

Watch a video statement from Congresswoman Walorski here or by clicking below.

BACKGROUND

Walorski is a member of the House Ways and Means Committee, which drafted the legislation. Following the announcement of the bill, Walorski joined committee members at the White House to meet with President Trump. The committee will consider the legislation next week.

More Jobs

Our outdated tax code makes it harder for businesses to create jobs and compete in the 21st century economy. The Tax Cuts and Jobs Act will help businesses grow, invest, and hire more workers, and it will keep America competitive in the global economy.

  • Lowers the tax rate on small businesses to no more than 25 percent, the lowest rate on Main Street job creators in nearly 80 years.
  • Ensures tax relief is targeted to local job creators by establishing strong safeguards.
  • Helps businesses invest and expand by allowing full and immediate expensing of new equipment and by preserving the ability of small businesses to write off interest on loans.
  • Lowers the corporate tax rate from 35 to 20 percent, below the average among industrialized nations.
  • Levels the playing field for American workers by ending incentives to send American jobs, manufacturing, and profits overseas.
  • Supports “Made in America” innovation by maintaining the Research and Development Tax Credit.

Fairer Taxes

The tax code is overly complicated and full of special interest carve-outs and loopholes. The Tax Cuts and Jobs Act eliminates special interest tax breaks and makes the tax code so simple most people can file on a postcard-size form.

  • Simplifies the tax code so most individuals and families can file their taxes on a postcard-like form.
  • Eliminates special-interest loopholes while maintaining important middle-class tax incentives.
  • Continues important middle-class tax deductions, including for charitable contributions, home mortgage interest, and state and local property taxes up to $10,000.
  • Protects family farms and small businesses from the Death Tax by immediately doubling the exemption and repealing the Death Tax fully after six years.

Bigger Paychecks

American taxpayers send too many of their hard-earned dollars to Washington, making it harder for middle-class families to thrive. The Tax Cuts and Jobs Act means bigger paychecks for hardworking families, more money in their pockets, and more flexibility in how they use it.

  • Lowers income tax rates for low- and middle-income Americans to 0, 12, 25, and 35 percent. It would maintain a 39.6 percent rate on high-income Americans.
  • Roughly doubles the amount of income excluded from taxes, with the standard deduction increasing from $12,700 to $24,000 for married couples and from $6,350 to $12,000 for individuals.
  • Supports families by expanding the Child Tax Credit from $1,000 to $1,600, providing a $300 credit for each parent and non-child dependent, and preserving the Child and Dependent Care Tax Credit.
  • Makes no changes to critical retirement savings options like 401(k)s and Individual Retirement Accounts.
  • Streamlines higher education benefits so families can save for college and other education expenses.

Learn more at walorski.house.gov/taxreform and at the links below:

  • Read the full legislative text of the Tax Cuts and Jobs Act.
  • Read the section-by-section summary of the bill.
  • Read policy highlights of the bill.
  • Read examples of how the Tax Cuts and Jobs Act will help hardworking Americans.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Walorski Applauds Passage of Budget That Clears Path for Tax Reform

Walorski Applauds Passage of Budget That Clears Path for Tax Reform

Pro-Growth Tax Reform Bill to Be Introduced Next Week After House Votes to Move Toward Historic Tax Code Overhaul

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after passage of the fiscal year 2018 budget resolution that clears the path for tax reform:

“Today’s vote was a major step toward fixing our broken tax code and lowering tax rates for American families and businesses. We are ready to move forward with pro-growth tax reform that lets middle-class families keep more of the money they earn and helps businesses expand, invest, and hire more workers. Hardworking Hoosiers deserve a tax code that works for them, and that’s what Congress and President Trump are going to deliver with tax reform.”

BACKGROUND

The House passed the FY18 Budget Resolution by a vote of 216 to 212. The resolution includes reconciliation instructions to the House Ways and Means Committee, of which Walorski is a member, to facilitate passage of tax reform legislation. That legislation is set to be introduced on November 1, and the committee will consider the bill in a markup the week of November 6.

The Trump administration, House Ways and Means Committee, and Senate Finance Committee recently announced a unified framework for pro-growth tax reform. Walorski joined President Trump in Indianapolis for his announcement of the framework, which serves as a template for legislation to simplify and modernize the tax code, provide tax relief to middle class families and small businesses, boost job creation, and make the U.S. more competitive in the global economy.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Walorski Discusses Tax Reform at Local Businesses in Plymouth

Walorski Discusses Tax Reform at Local Businesses in Plymouth

Visits Coca-Cola Bottling Facility, Family-Owned Restaurant, Local Grocery Chain to Highlight Benefits of Tax Code Overhaul

PLYMOUTH, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) today discussed the importance of pro-growth tax reform to spur job creation and grow paychecks during visits to three local businesses. Walorski met with business owners, local chamber leaders, and employees at the Coca-Cola Kokomo bottling franchise, the Brass Rail restaurant, and Martin’s Super Market.

“These family-owned businesses in Plymouth are just the kinds of job creators that will be able to hire more workers and invest more in our communities with tax reform,” Congresswoman Walorski said. “Hoosiers deserve a fairer, simpler tax code that makes America more competitive, helps businesses grow and create jobs, and allows families to keep more of their hard-earned paychecks. That’s exactly what we’re going to deliver with tax reform.”

Photos of Walorski’s stops in Plymouth are available here.

BACKGROUND

The Trump administration, House Ways and Means Committee, and Senate Finance Committee recently announced a unified framework for pro-growth tax reform. Walorski joined President Trump in Indianapolis for his announcement of the framework.

The framework will serve as a template for the committees to develop legislation to simplify and modernize the tax code, provide tax relief to middle class families and small businesses, boost job creation, and make the U.S. more competitive in the global economy.

Middle-Class Tax Relief

  • The framework lowers middle-class families’ tax burden by roughly doubling the standard deduction, expanding the Child Tax Credit, and creating a non-refundable credit for non-child dependents.
  • It simplifies the tax code and allows most individuals to file their taxes on a postcard by eliminating most itemized deductions, repealing the alternative minimum tax (AMT).
  • It retains tax incentives for home mortgage interest and charitable contributions, as well as tax benefits that encourage work, higher education, and retirement security.
  • It makes the tax code fairer by consolidating the current seven tax brackets into three brackets of 12, 25, and 35 percent, with a possible fourth bracket for the highest-income taxpayers.
  • It protects family farms and businesses from the onerous death tax.

Jobs and Economic Growth

  • The framework lowers the tax rate on small and family-owned businesses to 25 percent while calling for measures to prevent wealthy individuals from recharacterizing personal income as business income.
  • It lowers the corporate tax rate to 20 percent, below the 22.5 percent average among industrialized nations.
  • It allows for full and immediate expensing of capital investments for at least five years so businesses can purchase new equipment.
  • It eliminates special interest tax breaks and loopholes while maintaining the research and development and low-income housing credits.
  • It ends the incentive to send jobs and capital overseas by transitioning to a territorial tax system and repatriating foreign earnings that have accumulated overseas.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Walorski Statement on House Passage of Budget Resolution

Walorski Statement on House Passage of Budget Resolution

Fiscally Responsible Budget Sets Stage for Middle-Class Tax Relief and Pro-Growth Tax Reform

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement on House passage of the fiscal year 2018 budget resolution that sets the stage for tax reform:

“We just took a big step toward fixing our broken tax code and lowering tax rates for American families and businesses. This fiscally responsible budget sets the stage for pro-growth tax reform that will let middle-class families keep more of their money and help businesses expand, invest, and hire more workers. I look forward to continuing to work with my colleagues and President Trump to pass commonsense tax reform, because hardworking Hoosiers deserve a tax code that works for them.”

BACKGROUND

The House passed H. Con. Res. 71, with Walorski’s support, by a vote of 219 to 206. The budget resolution achieves balance in 10 years, with $6.5 billion in total deficit reduction by fiscal year 2027. The budget calls for robust resources to rebuild our military, secure the border, protect the homeland, and care for veterans. It also calls for a government-wide reduction in wasteful improper payments of $700 billion.

H. Con. Res. 71 also includes reconciliation instructions to the House Ways and Means Committee, of which Walorski is a member, to facilitate passage of tax reform legislation.

The Trump administration, House Ways and Means Committee, and Senate Finance Committee recently announced a unified framework for pro-growth tax reform. Walorski joined President Trump in Indianapolis for his announcement of the framework. The framework will serve as a template for the committees to develop legislation to simplify and modernize the tax code, provide tax relief to middle class families and small businesses, boost job creation, and make the U.S. more competitive in the global economy.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

###

Get News & Updates