Brooks Votes to Cut Taxes and Spur Economic Growth
Washington, DC – Despite undergoing a three hour radical prostatectomy surgery on Friday, December 15, Congressman Mo Brooks (AL-05) was medically cleared to fly to the U.S. Capitol today to cast his vote in favor of the Tax Cuts and Jobs Act, which passed the House by a vote of 227-203. Immediately after the vote, Congressman Brooks flew back to Alabama for follow-up medical procedures.
Congressman Brooks said, “I’m pleased my radical prostatectomy surgery went well enough for me to make a day trip to Washington to vote on tax reform. This tax reform is an historic opportunity to put more money into the pockets of working Alabamians at all income levels and spur much-needed economic growth that will both help with America’s deficit and debt crisis and improve struggling American family incomes.”
Brooks continued, “With this bill, the typical family of four earning the median family income of $73,000 will receive a tax cut of $2,059. That is a lot of money working families need to help pay their bills.”
Brooks concluded, “America faces a dangerous $20 trillion national debt and an unending string of $1 trillion/year deficits starting in just four years. Economic growth is critical to avoid a national debilitating insolvency and bankruptcy that could destroy an American economy it took our ancestors centuries to build. The Tax Cuts and Jobs Act cuts corporate and pass-through tax rates, allows full and immediate expensing of new equipment, and encourages companies to bring back overseas profits needed to spur investment in factories and jobs in America. Overall, these tax reforms make American job-creators more competitive in a cut-throat international marketplace, thereby protecting and creating even more jobs and bigger paychecks for struggling American families.”
- A list of the many policy highlights of the bill.
- CLICK HERE to read the full legislative text of the Tax Cuts and Jobs Act.
- ADDITIONAL INFORMATION can be found at the House Ways and Means Committee website.