Rep. Rod Blum Statement on Passage of Tax Reform

Today, Congressman Rod Blum joined his colleagues to pass the House version of H.R. 1, the Tax Cuts and Jobs Act.

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Washington, November 16, 2017 | comments

Today, Congressman Rod Blum joined his colleagues to pass the House version of H.R. 1, the Tax Cuts and Jobs Act. 

Congressman Blum commented, “My criteria for tax reform has always been based around these three goals: simplifying tax preparation for families, lowering taxes for the middle class, and reigniting our economy from the doldrums it's been in the last ten years. This bill achieves all three of those criteria.” 

The Tax Cuts and Jobs Act:

  • Lowers individual tax rates for low and middle-income Americans
  • Eliminates special-interest deductions
  • Keeps charitable deductions
  • Establishes a new Family Credit, which includes expanding the Child Tax Credit
  • Significantly increases the standard deduction
  • Preserves the Child and Dependent Care Tax Credit
  • Reduces the tax rate on the hard-earned business income of Main Street job creators
  • Lowers the corporate tax rate to compete in a global economy

“The Tax Cut and Jobs Act will immediately spur economic growth, and I am proud to support this bill in its current form,” said Congressman Blum. “However, like most comprehensive bills in Congress, there are pieces of this bill I am not particularly in favor of, but democratic representative government demands compromise. I will continue to fight for Historic Federal Tax Credits moving forward into the conference committee with the Senate, which have been not only an economic boon to our rural downtown Main Streets in northeast Iowa but a net positive to the United States Treasury.”

For more information on the Tax Cuts and Jobs Act, please visit www.FairAndSimple.gop

Rod Blum is the Republican Congressman from Iowa’s 1st District. 
He is a member of the Oversight and Small Business Committees and chair of the Subcommittee on Agriculture, Energy, and Trade.

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Contact: Alexah Rogge
(202) 225-2911
Alexah.Rogge@mail.house.gov

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