Today, the House of Representatives voted to pass the Tax Cuts and Jobs Act (H.R. 1), 227-205. Representative Peter Roskam (IL-06), who voted in favor of H.R. 1, also serves as the Chairman of the Tax Policy Subcommittee on Ways and Means and has taken a leadership role in crafting this legislation. Rep. Roskam released the following statement:
"Today we took a transformative step to putting an end to the status quo. The status quo benefits the few, it benefits the privileged, and it benefits those at the top of the economic ladder. Today the House voted to reject the old way of doing things and support the most significant tax overhaul in over 30 years that will help hardworking families and small businesses around the country.
"This bill is about the businesses on Main Street and the family at the end of the block. It's about the recent college graduate struggling under the weight of student loans and the newlyweds expecting their first child. We're boosting the economy to create more good-paying jobs, and we're making sure that taxpayers get to keep more of their money in every pay check.
"I'm proud of the work that we've done and will continue to do on this legislation. The end result will be a law that works for an overwhelming number of Americans and boosts our economy to allow us to be more competitive on the world stage."