|WASHINGTON, D.C.— House Majority Whip Steve Scalise (R-La.) joined Fox News Channel’s Your World with Neil Cavuto today following the passage of the House’s Tax Cuts and Jobs Act out of the Ways and Means Committee to discuss how American families will see an increase in their paychecks on average of over $2,500 and receive an average tax cut of $1,182.
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On how the House and Senate are working together to deliver tax reform:
“In our bill we’ve been working really hard to make sure those tax cuts are immediate. I’m not going to criticize the Senate because I’m encouraged they’re actually moving a bill forward. I want them to pass a bill, just like we need to pass a bill. When we passed a bill in health care out of the House and they fell one vote short, it was a huge disappointment for all of us. This time we need to get it done. President Trump is all in on these tax cuts. They’re going to create jobs, they’re going to bring jobs back to America. We need to get a bill on President Trump’s desk, ideally by the end of the year. Let’s work out the differences, but the main focus has to be on cutting taxes for everybody, personal and corporate, so that we can bring jobs back to America and get our economy moving again.”…
“Again, you know, the Senate’s going to have to figure out how to pass a bill that achieves the main goals of cutting taxes and getting the economy moving and bringing jobs back home. We’re going to do the same thing in the House. If there are differences, which there will be, we’ll work them out. But look, in our bill, we simplify the tax code so much that over 90% of Americans could actually do their taxes on a postcard, or an app if you’re a young kid that’s got those smart phones like a lot of us do. But the bottom line is, we’ve got to simplify the tax code and cut taxes and create jobs. That’s what our bill does in the House. I would imagine the Senate’s going to go a little bit different of a route, but ultimately focus on the same thing. And then the key goal here is to get a bill on President Trump’s desk, which he wants on his desk so that he can sign it and get this economy moving again.”
On President Trump’s support for the bill:
“When we filed our bill last week and we had a formal rollout, the day we filed the bill, President Trump invited us down to the Oval Office and he had Chairman Kevin Brady of the Ways and Means Committee with his committee members there and our House leadership and he said, ‘I’m 100% behind this bill.’ Again, he can also be supportive of the Senate’s bill because he knows in the end, we’re going to come together, the House and Senate, on a bill that cuts taxes for families, rebuilds the middle-class, brings jobs back to America, and he’ll sign that bill. The differences will be worked out, but the key objectives for both of us are to lower taxes for people of all income brackets and to bring jobs back to America. Our bill surely does that in the House. I would imagine the Senate’s bill will have a similar impact and then let’s work out the differences and get this done.”
On the paycheck increases and economic growth we will see under this bill:
“What you’re going to see is across every income tax bracket, people are going to get a tax cut. We’ve been running the numbers for some individual members who have had the same questions you have and they say, ‘Gee, in my district our people are going to be paying less.’ And when we run the numbers in most of those districts, every income bracket sees as tax cut…Right now the problem with our tax code is it’s a series of winners and losers. 10,000 pages of items where if you don’t get a special interest loophole, you might have lost out. Let’s get rid of those special interest loopholes and lower tax rates for everybody. And, look, I understand if somebody is taken advantage of right now an existing part of the tax code and that goes away, they’re not going to be happy that it goes away, but when they look at the overall impact, most people across the board are going to see more money in their pockets, they’re going to see more take home pay. Independent analysis that are coming out on this already—the Tax Foundation says on average, people are going to see over $2,500 more in their pockets. That’s a big windfall for families who have not seen their income go up over the last few years, not to mention the benefit of economic growth you get from bringing jobs back to America. You understand what economic growth is. Under the last eight years of President Obama, we were hovering below 2% every quarter in economic growth. That’s incredibly anemic and we can do better. We’re already seeing just with President Trump talking about this, you’re seeing growth approach 3%. We can approach over 4% economic growth. That means more money in people’s pockets and bigger economic opportunities and pay raises for the first time for a lot of blue collar workers who have not been able to participate in the American dream the way they will under our bill.”