The U.S. House voted 227-203 in favor of the GOP tax bill today, and Idaho Reps. Raul Labrador and Mike Simpson both lauded the bill; the Senate is expected to vote later today. However, a last-minute snag will require the House to vote again on Wednesday morning; there's more on that online here.
“Any time we can allow hard-working Idahoans to keep more of their money, that’s a good thing,” Labrador said in a statement. “The bill we passed today will help Idaho families meet their expenses and make crucial investments. This, in turn, will generate more economic growth and job creation, as shown by other tax relief bills of the recent past. While I would have preferred to see Congress go further in eliminating loopholes, lowering the overall rates, and reducing overall spending to avoid increasing our national debt, the bill we passed today is a good start.”
Labrador added, “I’m excited Congress is repealing the Obamacare individual mandate tax. This is a big win in our efforts to dismantle Obamacare, although we still have a long way to go. I will never quit the fight to repeal and replace Obamacare because it is a disaster for Idaho families and businesses.”
Simpson said, “Since coming to Congress, I’ve talked to farmers, ranchers and businesses throughout Idaho and I consistently hear about the burden that our overly complex, outdated, and unfair tax code puts on families and small businesses. The bill that we voted on today has been years in the making, with the Better Way Blueprint’s release in June of 2016. Tax reform has been a key promise that Republicans made to our constituents when we gained control of the House, Senate, and White House, and I am proud to say that promise was fulfilled today.”
He added, “I encourage people to see what this bill means to you, by using a simple tax calculator, available here or here. Simply put, this legislation will create economic growth in the United States by unleashing American small businesses and unburdening middle class families so they can make better financial decisions with their own money.”