Congressman Jeff Fortenberry (R-NE) today released the following statement on Congress passing tax reform:
“It is clear many Americans are attempting to understand what tax reform means for them and the country. The bill makes reasoned progress to resolve a complex and convoluted code that has overburdened persons, families, and small businesses across our nation. The measure moves money back into the pockets of hardworking Americans, seeks to reignite Main Street entrepreneurial momentum, and revives the Made in America label.
“Some important points to note are the doubling of the child tax credit, enhancing the deductibility of medical expenses—of great concern to a number of seniors who contacted me—and a preservation of the tuition waiver benefit for students. While some have expressed concern about corporations receiving a substantial tax cut, it is important to note that President Obama also argued for reducing the corporate rate to restore America’s competitiveness around the world.
“A new economic vision has to reorient around the family, restore vibrancy in local communities, and re-empower working men and women to best provide for themselves and their families. While this legislation will not solve all of America’s problems, it is a policy reset that is important for our wellbeing.”
Fortenberry serves on the House Appropriations Committee.