Today, Congressman Bill Huizenga (MI-02) released the following statement in response to the introduction of H.R. 1, the Tax Cuts and Jobs Act. Under this legislation, a typical middle-income family of four, earning $59,000 (the median household income), will receive a $1,182 tax cut.
“Congress has a once in a generation opportunity to reform our nation’s outdated tax code and provide middle class families across West Michigan with a tax cut,” said Congressman Huizenga. “As we examine the details of this important legislation, we share a common goal: cut taxes, boost small business job creation, and increase take home pay for hardworking Americans. The legislative text released today is a great starting point and I look forward to studying and working to fine-tune this legislation.”
CLICK HERE to read the full legislative text of the Tax Cuts and Jobs Act.
CLICK HERE to read the section-by-section summary of the Tax Cuts and Jobs Act.
CLICK HERE to read the policy highlights in the Tax Cuts and Jobs Act.
CLICK HERE to read examples of how the Tax Cuts and Jobs Act will help Americans of all walks of life.