Heritage Foundation tax expert Adam Michel issued the following statement on passage of the Tax Cuts and Jobs Act. “Today Congress has passed the most significant tax reform in more than 30 years – this is a victory for American families and job creators. The Tax Cuts and Jobs Act will allow Americans to keep more of their hard-earned money and will allow their wages grow by as much as $4,000 per family by the end of the decade. It also simplifies taxpaying for the vast majority of Americans who...
Read more
THE WOODLANDS, Texas -- Congressman Kevin Brady (R-TX) said he's at the one-yard line, close to scoring the biggest tax reform in more than 30 years, but it won't be a touchdown until the Senate votes later tonight. Brady, the Ways and Means Committee chairman and lead sponsor of the Tax Cuts and Jobs Act, celebrated the bill's victory as it passed through the House 227-203. "This is a historic day," Brady said. "The House voted for the biggest tax reform package. It's a game changer for familie...
Read more
By U.S. Rep. Kevin Brady, Over 30 years have passed since the last overhaul of our nation's tax system. In that time, our tax code has become one of the most complicated, unfair and uncompetitive in the world. After years of work, dozens of hearings, hundreds of meetings with stakeholders and much debate, Congress will take the final step in delivering transformational tax reform legislation that charts a new course for our country. We will reaffirm for all of the families and Main Street busine...
Read more
ANALYSIS/OPINION: Taxes may be the apple in only the taxman’s eye. Everybody else sees red. As Congress tinkers with the tax code, Americans have looked with skeptic’s eye at the process, suspicious that it’s just another carnival scheme to steal a larger chunk of their paychecks. We’ve all heard this carol before. Three decades ago, taxpayers anticipated alterations of tax law with similar apprehension and found themselves the better for it. It might happen again. Tax reform has been the holy g...
Read more
By Meagan Ellsworth A prayer, a Christmas wreath, and a small American flag honored a Vietnam veteran killed in action and now resting in the Willis cemetery on Saturday. It's for soldiers like the late Johnnie Carl Lawson--a 26-year-old Sam Houston State University sophomore from Willis--that the American Legion Auxiliary Unit 618, U.S. Rep. Kevin Brady, Justice of the Peace Wayne Mack, Gary Buckaloo of CS Ministries and the community came together at the American Legion Post to reflect on the ...
Read more
By BERNIE BECKER For the large contingent of Washington supply-siders and tax-cutters, the sweeping tax overhaul that President Donald Trump is poised to sign into law this week has been a generation in coming — and the culmination of half a life’s work that started during Ronald Reagan’s 1980s. Grover Norquist, arguably the best-known anti-tax activist in the country, started Americans for Tax Reform at then-President Reagan’s request to help marshal support for the 1986 tax overhaul. He's been...
Read more
Today, members of the Tax Cuts and Jobs Act (H.R. 1) House-Senate Conference Committee signed the conference report for this legislation and Conference Committee Chairman Kevin Brady (R-TX) filed the conference report in the House. The bill will now move forward to be voted on next week by the entire House of Representatives and Senate. With this bill, the typical family of four earning the median family income of $73,000 will receive a tax cut of $2,059. Chairman Brady said: “This is a historic...
Read more
JAMES CARTER As the teacher of a graduate-level tax policy class at Johns Hopkins University, it was with great interest that I read Chris Tomlinson's Dec. 8 column in the Houston Chronicle. Mr. Tomlinson dedicated his column to criticizing the tax proposal now before Congress, calling it "a bill that promises reckless cuts, the same old loopholes, little simplification and an even larger federal debt." Tomlinson's criticisms would warrant a failing grade in my class. Let's consider each in tur...
Read more
U.S. Rep. Kevin Brady, R-Texas, will lead the conference committee of both U.S. House and Senate members tasked to create one bill from two different versions of tax reform passed recently. Brady said he was honored to be picked for the position, which holds its first meeting today. “Both the House and Senate have put their best ideas forward, and I believe we can do even better,” he said. “There will be changes, and we will have to find common ground, but we are on schedule to deliver tax refor...
Read more
Republicans continue to tweak their two tax bills in conference, scrambling to hit the sweet spot on cuts and revenue that will enable passage in both chambers next week, CNN reports. And they say they're still on target to finish Friday, vote early next, and put a bill on the desk of President Donald Trump to sign Dec. 20, CNN reports. But right now, it's all about "turning the dials" and "tweaking the numbers" to account for every action that triggers a reaction somewhere else in the bill, CNN...
Read more
