12.20.17

Sen. Burr on Historic Tax Reform: Let’s Get the Government out of Your Pockets

WASHINGTON – Today, Senator Richard Burr (R-NC) made the following statement on the Senate’s passage of historic tax reform legislation:

“Today, we voted to jump-start our economy and save the average American family thousands each year. For far too long, our tax system has been a burden to the millions of middle-class class citizens that make up a majority of this country. This tax overhaul starts to get the government out of your pockets, and puts Main Street in the driver’s seat of the economy, not Washington. Included in the final bill are a doubling of the standard deduction, the child tax credit, and a repeal of Obamacare’s Individual Mandate tax that was crippling the lower- and middle-class. These historic tax cuts also include a number of provisions that I fought hard for, including the ABLE to Work Act, which allows individuals with disabilities to work and save their hard earned money in an ABLE account without risking the loss of their benefits. For most Americans, it also repeals the Individual Alternative Minimum Tax, a parallel tax system that adds layers of complexity to the current code. This reform is long overdue, and I look forward to the President signing the tax reform legislation and getting our economy moving again.”