Six years ago, the Tax Cuts and Jobs Act (TCJA) was signed into law, leading to a period of economic growth, with proponents noting increased wages, lower unemployment, and benefits to the middle class. Senator Ricketts and Representative Ron Estes highlighted nationwide income growth and even acknowledgment from the liberal media of the TCJA's benefits to the middle class. Representative Jason Smith called for Congress to continue building on the TCJA's success, which has seen faster wage growth for the bottom 10% compared to the top 10% and a one percentage point increase in the size of the economy. Meanwhile, Representative Boyle criticized the act for adding $2 trillion to the debt and favoring the wealthy. Representative Feenstra and Representative Tenney emphasized the need to extend the TCJA to lower taxes for American families, keep businesses competitive against China, strengthen the economy, and preserve the tax cuts to mitigate the impact of President Biden's economic policies.
The Tax Cuts and Jobs Act was signed into law six years ago today, putting more money into hardworking American pockets & strengthening small businesses. Congress must pass the TCJA Permanency Act to preserve these tax cuts & counteract Biden’s disastrous economic policies.
6 years ago today, Donald Trump signed the #GOPTaxScam into law, adding $2 trillion to the debt and slashing taxes for the wealthy. The GOP isn't the party of "fiscal responsibility" — just the party of tax cuts for the wealthy and well-connected.
The Tax Cuts and Jobs Act grew our economy and supported our families. I look forward to working with @WaysandMeansGOP Chairman @RepJasonSmith to expand on the #TCJA, lower taxes for American families, keep our businesses competitive against China, and strengthen our economy. https://t.co/J4BXqbKAtZ
6 years later, the Tax Cuts and Jobs Act is still delivering for working families, small businesses & farmers. Wages grew faster for the bottom 10% compared to the top 10% and the economy a full percentage point larger. Congress must keep building on its success. https://t.co/YaRA1MLeE7
Six years ago President Trump signed the Tax Cuts and Jobs Act into law and even the liberal media has had to admit that TCJA benefitted the middle class. We need to rein in our spending and extend key TCJA provisions that boosted the economy. https://t.co/y8qfVqBB9c
It has been 6 years since the Tax Cuts & Jobs Act was enacted into the law. Wages & income grew nationwide. Unemployment dropped to record lows. Americans kept more of their hard-earned money. Pro-growth policies work, Bidenomics doesn’t.