Nov. 30, 2017, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in support of the Senate tax cut plan:
“Americans for Limited Government supports the Senate tax cut plan. The inclusion of the individual mandate repeal, giving 6.6 million Americans relief from paying $3 billion a year in tax penalties is extremely important, and the small business and corporate tax relief will help generate millions of new jobs and investment over the coming years, ending the economy-killing tax rates that have prevailed for decades. In addition, the vast majority of Americans who pay taxes will receive a tax cut through the plan. The Senate bill will also close a loophole that allowed foreign insurance companies to avoid U.S. taxes.
“Passage of the Senate bill will set up an opportunity for the House-Senate conference committee to potentially improve the bill, by adding the full skinny Obamacare repeal, cutting additional hundreds of billions of spending to reduce the deficit and provide larger individual tax rate cuts and incentivizing repatriation earlier in the cycle to give an immediate infusion of trillions of dollars to the economy. Americans owe Senate Majority Leader Mitch McConnell and Senate Finance Committee Chairman Orrin Hatch a debt of gratitude for their efforts to move a tax cut bill through the perilous U.S. Senate.”
Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 100 or at media@limitgov.org to arrange an interview with ALG experts.
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