Yoder Statement on Passage of Tax Cuts and Jobs Act
Washington, DC – This afternoon, the House of Representatives passed the Tax Cuts and Jobs Act by a vote of 227-205. Representative Kevin Yoder (R-KS) issued the following statement after voting in favor of the bill:
“Today, Congress is putting people ahead of politics. We’re passing historic, sweeping reforms that will fix the broken tax code in America for the first time in 30 years.
“The typical family of four making the median household income of $59,000 – the middle class – will see a tax cut of nearly $1,200 under these reforms. On top of that, America will see real economic recovery we’ve been missing for the last ten years. The Tax Cuts and Jobs Act will boost wages, according to non-partisan estimates, by nearly four and a half percent. As President John F. Kennedy used to say, ‘the rising tide lifts all boats.’
“More money in your pocket, higher wages on your paycheck – it’s a win for middle class, hardworking families all around. Importantly, the bill specifically targets help for families with children with the increased Child Tax Credit, creation of the Family Credit, and preservation of the Adoption Tax Credit. Through the process, I worked hard to preserve the child care tax credits and flex spending accounts for working moms and dads.
“With these reforms, Americans across the country living paycheck to paycheck get relief from their tremendous tax burden. Those suffering from economic anxiety no longer need to navigate complex loopholes to figure out how the government wants to reward their behavior. They’ll have the freedom to choose how to spend their own money. And the lower you get down the economic ladder, the bigger the benefits of this bill get. The Joint Committee on Taxation shows that the biggest percent reduction in taxes paid goes to Americans making between $20,000 and $30,000.
“The time for action is now. Like President Reagan once said, ‘there are no limits to growth and human progress when men and women are free to follow their dreams.’ Today, I’m proud to cast a vote for that freedom, and to deliver on a promise to provide tax relief the American people deserve.”