Tax reform just took a huge step forward

It’s been an eventful week for tax reform.

Monday night, Heritage President Edwin J. Feulner attended a White House dinner with President Trump to discuss tax reform policy.

Below you will see President Feulner sitting directly to the left of President Trump.

On Wednesday the Trump Administration and the leadership in the House and Senate released a tax reform plan that is a clear and positive path forward for Americans.

Heritage tax expert Adam Michel explained the latest on this development:

Leaders in the House, the Senate, and the White House have all agreed on a tax outline, meaning a true update to our broken tax system could be imminent.

First, the GOP tax plan framework would lower taxes for individual Americans. It would double the standard deduction for individuals and thereby expand the zero-percent bracket, and it would create three income tax brackets (down from seven): 12, 25, and 35 percent, respectively.

Most simply, this will allow all Americans to keep more of their hard-earned money in their pockets.

This plan aligns with many of Heritage’s own recommendations.

On Thursday, Chairman Kevin Brady of the House Ways and Means Committee came to Heritage and detailed how he and the committee are working with President Trump and the House and Senate to move forward on transformational tax reform that will help middle-class Americans.

His remarks focused on creating Main Street jobs, growing middle-class paychecks, making taxes fairer, and helping hardworking Americans – not Washington special interests.

Watch his remarks below:

Thanks for all you do to help make impact in tax reform possible. Your support allows us to be your voice in the places that matter most.

What are your thoughts on this step forward in tax reform?

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