House Majority Leader Kevin McCarthy (CA-23) delivered the following remarks at a leadership press conference today on the Tax Cuts and Jobs Act.
Remarks are below or watch online here.
“We’re making great strides on our Tax Cuts and Jobs Act. And every phase that we move forward, the market sets a new record. Every time the market goes up Americans become a little wealthier in their 401k. When we get the final bill signed, I want every American to check their check come February to see that their take home pay is greater than it was before….
“Now there is some polling on this bill. In November a Morning Consult/Politico poll showed that 60% of voters support increasing the child tax credit. It also said 59% say they support doubling the standard deduction for a couple from $12,000 to $24,000. Fifty-nine percent support lowering tax rates on small businesses to 25%. Small businesses create more jobs than any other entity in America. I created my first one when I was twenty years old. Entrepreneurship in this country is the driver of jobs.
“That’s what this bill will do—lift everyone up as we go forward. So I want to commend and I want to thank the conference committee for their work. I know they’re scheduled to meet tomorrow. We look forward to scheduling this bill after they’re done with their work, posting it, giving it the appropriate time so everyone can read it, and passing it, sending it to the President’s desk.”