KEY VOTE ALERT
“YES” on the Tax Cuts and Jobs Act (HR 1)
The Club for Growth supports the Tax Cuts and Jobs Act (HR 1) and we urge all House members to vote YES on it. A vote is expected later today. The vote will be included in the Club’s 2017 congressional scorecard.
Simply put, this bill is very pro-growth. It slashes the corporate tax rate, enacts full expensing and a territorial tax system, ends the Death Tax, cuts marginal tax rates for individuals, and eliminates several loopholes and deductions, including a partial elimination of the unfair state and local tax deduction (SALT).
That said, this bill is not perfect. Once this bill is passed and the Senate passes its version, we strongly urge Republican leaders to fix the problems in the bill. The bubble rate for high-income earners should be eliminated. The 39.6% top tax rate should also be abolished. Finally, the conference report must include repeal of the dreaded individual mandate. If these changes are incorporated into the final bill, passed by Congress, and signed into law by President Trump, we believe the economy will roar.
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.