Washington, D.C. - U.S. Senator Pat Toomey (R-Pa.) issued the following statement on the Senate passage of the Tax Cuts and Jobs Act:
"Tonight the Senate passed the most historic reform to our tax code in over three decades. In doing so, we've achieved two major accomplishments for the American people.
"First, we lowered the tax burden on hardworking individuals and families. The vast majority of lower and middle-income taxpayers will pay less in federal taxes. Second, we fundamentally restructured the business tax code which will enable American workers and businesses to compete globally, encourage a surge in economic growth, and create better paying jobs. This bill fundamentally shows that we believe in the capacity of the American people to restore the vibrant economic growth that we used to take for granted.
"I thank Majority Leader McConnell, Speaker Ryan, Chairman Hatch, and Chairman Brady for their leadership throughout this process and my colleagues in the Senate for their hard work and perseverance. I am excited the President will soon sign this bill into law, making good on the promise we made to the American people."
