Amodei Statement on House Passage of Comprehensive Tax Reform Bill
FOR IMMEDIATE RELEASEContact: Logan Ramsey, 202-225-6155
WASHINGTON, D.C. – Congressman Mark Amodei (NV-02) today released the following statement after the House agreed to a procedural motion to successfully pass the House-Senate conference committee reportfor the Tax Cuts and Jobs Act (H.R. 1), landmark legislation that will reform our nation’s tax system:
“Much to my surprise, the conferencing process with the Senate resulted in the overall improvement of this bill in several areas. Based on the average incomes in CD-2, and the percentage of taxpayers currently taking the standard deduction versus those who itemize, all of the data I have evaluated on both sides of this argument leads me to believe this bill will result in widespread tax relief for Nevadans. These improvements will not only put more money back into the pockets of Nevada taxpayers, but they will also simplify the filing process while giving our nation’s job creators significant potential for reinvestment and growth.
“Finally, for the newborn deficit hawks, you either believe that more money circulating in the private sector increases tax collections – or you don’t. Based on my research, and the history lessons we’ve learned from the Kennedy and Reagan Administrations, I believe it. While only time will tell, I’ve never been a fan of anyone’s predictions regarding the state of our economy a decade from now.”