Portman: Historic Tax Cuts Signed Into Law

December 22, 2017 | Press Releases

WASHINGTON, D.C. – U.S. Senator Rob Portman (R-OH) issued the following statement after President Trump signed into law historic tax cuts that were approved by the House and Senate this week: 

“These historic tax cuts will make a real difference for middle-class families, create more jobs, and increase wages for Ohio workers. While our economy is improving, too many families today are still dealing with the middle-class squeeze of stagnant wages and higher expenses. Providing tax relief for middle-class families and reforming our business tax code to create more jobs and boost wages is the right thing to do, and I was proud to play a significant role in helping craft this measure. I’m pleased that we’re already seeing a positive response from employers rewarding their workers with better pay and bonuses while increasing their investments in their businesses and their communities. These historic tax cuts will help create a better economy and a better future for all Americans, and I’m pleased that they are now the law of the land.”

NOTE: Last night, Portman delivered this floor speech detailing how tax reform will help the middle class, boost jobs, and increase wages. A brief summary of the Tax Cuts & Jobs Act can be found here.