Small business optimism is at an all-time high. Consumer confidence is at its highest level in 18 years. Jobless claims are down. At least six million workers have received bonuses, better benefits, or pay increases. Jobs are open. Wages and paychecks are up.
Nine months ago, the House of Representatives passed the Tax Cuts and Jobs Act
, and the good economic news hasn't stopped. This pro-growth tax reform legislation has unleashed the economy, creating more jobs, higher wages, and more opportunities for all.
Today, I supported the passage of Tax Reform 2.0. This package of legislation locks in these tax reforms to protect middle-class and small business tax cuts, promotes family savings, and advances the next generation of entrepreneurs. Learn more below:
Which bills are included in Tax Refom 2.0?
- Protecting Family and Small Business Tax Cuts Act of 2018 (H.R. 6760) - Makes permanent the tax cuts in the Tax Cuts and Jobs Act for families and small businesses and changes the culture in Washington so we continuously improve our tax code and never again let America fall behind our global competitors.
- Family Savings Act (H.R. 6757) - Helps families start saving earlier and save more through new and expanded education and baby savings accounts and helps local businesses provide retirement plans to their workers.
- American Innovation Act of 2018 (H.R. 6756) - Promotes start-up businesses by easing costs and increasing access to capital.
Why does Tax Reform 2.0 matter to Hoosiers?
Across the district, when I sit down with businesses and employers of all sizes, I hear the need for a tax code that promotes growth and government regulations that do not interfere with the potential of Hoosier ideas and innovations. This legislation ensures that our tax code will stay competitive, providing certainty and growth.
Additionally, Tax Reform 2.0 will help Hoosier families save for key life events by expanding access to new and existing savings vehicles.
Where can I share my thoughts or ask my questions on this legislation?
I want to hear from you. If you have concerns or questions on Tax Reform 2.0, send me an email via my website. Be sure to follow me on Facebook, Twitter, and Instagram to stay updated. I look forward to hearing from you.