Taxes

I released the following statement applauding the passage of the pro-growth tax reform package:
Today I voted in support of The Tax Cuts and Jobs Act, which raises take-home pay and creates jobs. The bill passed 227-205.
Recently on the Senate floor, I urged my Democrat colleagues in the Senate to join the Republican effort to overhaul our outdated tax code and continue their support for tax reform principals they have endorsed in the past...
I released the following statement in response to the Labor Department’s October 2017 jobs report:
It’s no secret that our tax system is outdated, overly complicated, and full of loopholes, and anyone in Washington can tell you that tax reform – especially bipartisan tax reform – isn’t easy. 
You've heard "trust but verify" from none other than Ronald Reagan, no doubt.  The Tea Party movement taught us to do that, and I hope you still are.  Especially in the case of John Culberson, my congressman.
On the Senate floor, I discussed a recent bipartisan meeting at the White House on tax reform. Excerpts of my remarks are below, and video of my remarks can be found here. 
Yesterday I participated in a roundtable discussion on storm recovery efforts with local community leaders in Beaumont. There, I shared my priorities for recovery, and how storm-impacted Texans can receive significant tax...
Last week, after a caller to a radio program I was on suggested it, I reintroduced the Properly Reducing Overexemptions For Sports Act or PRO Sports Act. This legislation would exclude major professional sports leagues from...
The Department of Labor reported today the economy added 209,000 jobs in July and the unemployment rate was 4.3 percent.
The U.S. House of Representatives – the People’s House – took action last week on the most transformational tax overhaul in a generation. This legislation brings us one step closer to delivering bold, pro-growth, pro-family...
Last Thursday, the Senate Finance Committee introduced our proposal that would enable more Americans to keep more of their hard-earned paychecks and send less of their money to Uncle Sam here in Washington, D.C.
The Republican tax proposal is now public and while the overall plan will prove beneficial to the economy many challenges remain. The individual tax rates will lower middle class taxes by doubling standard deductions and...
America’s complicated and broken tax code is hurting our economy and, in turn, American families. That’s why I’ve long said we need a simpler tax code that rewards hard work.
U.S. Senators Bill Cassidy (R-LA) and I, members of the Senate Finance Committee, authored the following op-ed in Forbes addressing how revamping our tax system would impact the energy sector:
Recently on the Senate floor, I discussed the importance of passing the FY2018 Budget Resolution, which is necessary to enacting tax reform. Excerpts of my remarks are below, and video of my remarks can be found here. 
Last night I debated Sen. Bernie Sanders (I-Vt.) in a CNN Town Hall regarding tax reform. During the debate, I called for eliminating the estate tax, also known as death tax, as a part of tax reform.
FAIR’s report reaches that conclusion by vastly overstating the costs of illegal immigration, undercounting the tax revenue they generate, inflating the number of illegal immigrants, counting millions of U.S. citizens as...
Responding to President Trump’s cancellation of the Deferred Action for Childhood Arrivals (DACA) program, Congress is moving toward a compromise that could legalize the DREAMers in combination with more immigration...
Washington, D.C., July 17, 2017 – Fixing our broken tax code is critical to helping small businesses and unleashing the entrepreneurial potential of our nation, wrote the Small Business & Entrepreneurship Council (SBE...

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