Key Vote Alert – “YES” on Conference Report to the Tax Cuts and Jobs Act (HR 1)
KEY VOTE ALERT
“YES” on the Conference Report to the Tax Cuts and Jobs Act (HR 1)
The Club for Growth supports the conference report to the Tax Cuts and Jobs Act (HR 1) and we urge all members of Congress to vote YES on it. A vote is expected in the next few days. The vote will be included in the Club’s 2017 congressional scorecard.
This bill is not perfect, but it’s still very pro-growth. Some of the more pro-growth elements of the bill include lowering the corporate tax rate down to 21%, a new 20% deduction for pass-through businesses, doubling the Death Tax exemption, and moving to an international territorial tax system. The bill also modestly lowers individual tax rates and doubles the standard deduction.
The Club for Growth urges immediate passage of HR 1. Congress should also begin work on another pro-growth tax bill for next year that addresses other parts of the tax code left untouched by this proposal.
Our Congressional Scorecard for the 115th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.