Walorski Votes for Final Passage of Tax Cuts and Jobs Act
House Passes Historic Tax Reform Legislation; Senate Set to Send Bill to President’s Desk
WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today voted for the Conference Report to Accompany H.R. 1, the final version of the Tax Cuts and Jobs Act, which passed the House by a vote of 227 to 203. The legislation now heads to the Senate, where it is expected to pass this evening.
Ahead of the vote, Congresswoman Walorski spoke on the House floor in support of this historic tax reform bill. Video of Walorski speaking on the House floor is available here. The full text of her remarks is below.
“Mr. Speaker, I rise in strong support of H.R. 1, the Tax Cuts and Jobs Act.
“If you believe the rhetoric you hear, you may think this bill means the world is ending. I guarantee you, it’s not.
“The truth is this tax cut bill means a brighter future for the hardworking Americans who will have more money in their pockets and a better shot at the American Dream.
“Here are the facts: we’re cutting taxes for Americans at all income levels. We’re doubling the standard deduction. We’re doubling the child tax credit and preserving the adoption tax credit. We’re keeping deductions for charitable giving, mortgage interest, medical expenses, and student loan interest. We’re improving 529 education savings accounts and leaving retirement savings alone.
“People will be able to keep more of the money they earn and spend less time filing their taxes.
“Mr. Speaker, this isn’t just a good bill – this is a great bill. This isn’t the apocalypse – it’s a new day in America.
“I urge my colleagues to make history and support this momentous bill. I yield back.”
For more information about tax reform, visit walorski.house.gov/taxreform.