This Is Monumental: Speaker Ryan on Next Step toward Tax Reform

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Summary: Today at a press conference with Republican leaders, Speaker Ryan discussed the motion to go to conference on the Tax Cuts and Jobs Act, agreed to in the House last night.

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Opening Statement:

“First of all, I want to give credit to the Senate Republicans for passing their version of the Tax Cuts and Jobs Act last week. I’ve said it before and I’ll say it again: Doing something as monumental as tax reform? It is not easy. The forces of the status quo are clearly stacked against us.

“But guess what? We’re doing it. The House has acted. The Senate has acted. Congress is getting rid of these loopholes that have too long benefited special interests at the expense of normal American working families. Whether you live in New York, California, or South Dakota, we’re giving tax cuts to folks and families at every income level. We’re making sure that hardworking Americans get to keep more of their own hard-earned dollars.

“That’s not all. We’re cutting the business tax rate so that American job creators can be competitive again. That means more jobs and higher wages for real Americans. You all know the story all too well. This tax code is pushing American businesses and American jobs overseas. It’s time we stop doing that.

“This is monumental reform. And we’re doing it the right way. We started with a framework. Then, we went to a House bill through the committee. Then, we went to the floor. And now, we’re going to a conference committee—using the regular order process, working with our members, getting interaction every step of the process. That is how we should be writing laws here.

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“Last night, we passed a motion to go to conference to reconcile these two good bills. The conferees, led by our faithful leader Chairman Kevin Brady, have a lot of work to do, but they are going to get this done. They are going to make this legislation the best that it can be. They’re going to make it better than what we’ve already seen.

“The American people deserve that. The American people deserve a simpler, fairer tax code. And it’s high time we get out of this stagnant growth we’ve had since the Great Recession. This does that. This means the best Christmas gift we can give our constituents, the best holiday seasons greetings we can give our constituents, is a faster growing economy that gives more wages, better paychecks, and a simpler and fairer tax system. That’s why we’re so focused on getting this done. That’s why we’re so excited to be here, working on solving people’s problems.”