Rep. Meadows Speaks in Support of Individual and Small Business Tax Cuts – ‘Tax Reform 2.0’
Washington, D.C. – Today, Rep. Mark Meadows spoke on the floor of the House of Representatives in support of ‘Tax Reform 2.0,’ a package of legislation focused on making the individual tax cuts permanent, developing small businesses, enhancing family savings plans, and more.
The transcript of Rep. Meadows’ speech is below. You can watch the full speech here.
“Mr. Speaker, I rise today in support of the pro-growth, pro-family, and pro-small business reforms in ‘Tax Reform 2.0,’ led by my good friend Chairman Brady.
And I want to give a special shout out to the Chairman, but also to the Ways and Means Committee staff. Let me just tell you, a lot of times we take credit for things that get done—but it’s the staff that has done not only a yeoman's job, but an outstanding job, in making this work. I also want to give a real shout out to Representative Rodney Davis, the bill's sponsor, who rightly believes that it's a good thing to give more of the taxpayers' money back to them.
Mr. Speaker, you’ve heard arguments on the floor today all about revenue and about what this bill needs to do. But the real revenue that we should be talking about is the wages of hardworking of men and women on Main Street. It is their money, not ours. And I’ve been around this place enough to know: I’d rather trust a mom and dad on Main Street to spend their money more wisely than any spenders here in Washington, D.C. It's time that we give it back.
Since we signed the last tax cut bill, one of the largest in American history, the economy has been booming. Unemployment is at a 50-year low, new job openings are setting a record pace, we're increasing wages, and consumer confidence, Mr. Speaker, is at its highest level in decades. And while these strong numbers continue to roll in, Congress needs to it act to make sure that we're more resolved than ever to make these tax cuts permanent.
We talk about a vibrant economy. 4.2 GDP--according to some sources now at 4.4. When we look at that GDP growth, economic grit means increased wages, job security, and more. I ask my colleagues on the opposite side of the aisle to vote for that, vote for the men and women on Main Street. They may call this ‘Tax Reform 2.0,’ but this is really about making sure we're responsible in Washington, D.C. to give the money back to its rightful owner: we the people. Even in addition to making the tax cuts for individuals permanent, it also gives a whole lot of options for families saving for education and those savings accounts. It encourages small business development. It is time, Mr. Speaker.
It is time that we act on behalf of those that are doing all the hard work here in America—those small businesses and those men and women on Main Street that deserve a break from Washington. So with that, I’d like to thank Chairman Brady and Rodney Davis for their leadership. I look forward to working with them to deliver these tax cuts.”
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