Tax Reform Will Benefit Working Families

Congressman Bradley Byrne (R-AL) issued the following statement in response to the release of the outline for tax reform and President Donald Trump’s speech on tax reform this afternoon in Indiana.

Byrne said: “Under the tax reform plan released today, working families would have more money in their pockets, the economy would be revitalized, and small businesses would be incentivized to grow. Just as important, our plan closes special interest loopholes that only benefit the well-connected in an effort to make the tax code fair and simple for all Americans.

“This will be a process. As the current framework is finalized and built into actual legislation, I look forward to gaining input from individuals and small businesses in Southwest Alabama.

“I am committed to joining with President Trump to advance real tax reform before the end of the year. Now is the time to fix our broken tax code, and we must get the job done.”

The tax framework released today would shrink the current seven brackets into effectively four brackets – 0%, 12%, 25%, and 35%. The plan also calls for the standard deduction to double and a significant increase in the Child Tax Credit.

More information on the tax reform plan can be found online at FairAndSimple.gop.