McKinley Votes to Provide Middle-Class Tax Relief
Washington, DC, November 16, 2017
Tags: Tax Reform
Today, the House passed H.R. 1, the Tax Cuts and Jobs Act, which makes America's tax system fairer, simpler and lowers taxes on the middle-class. Congressman David B. McKinley, P.E., (WV-1) voted yes on the bill and will be monitoring the next steps with the Senate.
Today, the House passed H.R. 1, the Tax Cuts and Jobs Act, which makes America’s tax system fairer, simpler and lowers taxes on the middle-class. Congressman David B. McKinley, P.E., (WV-1) voted yes on the bill and will be monitoring the next steps with the Senate.
“It has been 31 years since we updated our tax code. America is now much more deeply involved in global competition; therefore, it’s time to reform our tax system. This reform will bring some much-needed relief to the middle-class. We must make our code simpler and fairer, and this bill removes special interest loopholes, reduces rates, and makes it so that most families can file their taxes on a postcard. It will also increase America’s competitiveness on the world stage, and open the door for private sector job creation,” said McKinley.
“Our office successfully worked to preserve clean coal research credits in the House legislation,” he added. “We are expecting the Historic Preservation Tax Credit to be included in the final version.”
“We have a clear choice here: do we allow the status quo to continue, which only benefits the wealthy and politically connected? Or do we allow the process to continue and fight to ensure the final version is the best deal possible for the middle class and small employers?” said McKinley.
“This is a process, and today we voted to move forward to the next step. Some issues still need to be resolved in the final bill, and we will be closely monitoring the negotiations,” McKinley said.
The Tax Cuts and Jobs Act delivers on the promises made by Congressional Republicans and President Trump to lower middle-class tax rates and open the door for more private sector job creation.
The Tax Cuts and Jobs Act:
McKinley successfully worked with House leadership to ensure that the bill also retains critical clean coal research credits. As the process moves forward, he will continue working to ensure that the Historic Preservation Tax Credit is included in the final version that comes out of the conference committee. This credit is critical in redeveloping Main Streets throughout West Virginia.