|Last night, we made history.|
For the first time in more than three decades, we cleared a comprehensive overhaul of the nation’s tax code and delivered on our promise of advancing pro-growth policies that will lift the economy and build a better future for the American people.
Most importantly, we revamped the tax code in a way that empowers individuals and families to invest more in their future. The end result is better jobs, bigger paychecks, and higher savings.
Democrats knew that tax reform would be a huge Republican victory, which is why they fought tooth and nail to oppose it. In doing so, they resorted to fearmongering and scare tactics to distract Americans from the truth.
Progressive attacks grew increasingly unmoored from reality as the legislation reached the finish line. Take, for example, Nancy Pelosi’s last-hour prophecy that the tax plan would usher in “Armageddon.” If my bill marks the end of anything, it’s the end of an outdated, unworkable tax code that put America’s families and small businesses at a constant disadvantage.
Let’s put hysterics aside for a moment to examine the facts: Under the new tax regime, the vast majority of Utah families will see a significant tax cut. Consider the estimated savings below from my staff, specific to Utah families:
*these numbers are estimates for a sample range, but we believe they are representative of the positive impact Senator Hatch's tax reform proposal will have for a majority of Utahns.
proof is in the paycheck. And Utahns will begin to see bigger paychecks as soon as February. Now that comprehensive tax reform has cleared Congress and moved to the President’s desk, we have secured a major victory for the American people.