Locking in Tax Cuts
Congressman Gosar Votes In Favor of Tax Reform 2.0
WASHINGTON -- Today, U.S. Representative Paul A. Gosar, D.D.S (AZ-04) voted in favor of Tax Reform 2.0. This legislation is a package of three bills that permanently locks in place the historic reforms of the Tax Cuts & Jobs Act. Currently, many of the great provisions in the Tax Cuts and Jobs Act are temporary and will expire in 2025. The passage of today’s package will help lock in these provisions so that small businesses and families can continue to see the benefits from this historic tax reform.
“I often say that trust is a series of promises kept,” said Congressman Gosar. “This week, the House kept its promise to the American people and locked in permanent tax cuts."
(Courtesy of Ways and Means)
Background: On Friday, September 28, 2018, the House passed Tax Reform 2.0, which includes three bills, H.R. 6757 - American Innovation Act, H.R. 6756- Family Savings Act, and H.R. 6760- Protecting Family and Small Business Tax Cuts Act.
H.R. 6760, the Protecting Family and Small Business Tax Cuts Act of 2018, sponsored by Rep. Rodney Davis (R-IL), and cosponsored by Rep. Mark Meadows (R-NC), Rep. Mark Walker (R-NC), House Ways and Means Committee Chairman Kevin Brady (R-TX), and all other Ways and Means Committee Republicans.
H.R. 6757, the Family Savings Act of 2018, sponsored by Rep. Mike Kelly (R-PA), and cosponsored by Rep. Paul Mitchell (R-MI), House Ways and Means Committee Chairman Kevin Brady (R-TX), and all other Ways and Means Committee Republicans.