11.08.17

Senator David Perdue: We Have To Get Tax Done This Year

“This is what Americans want.”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Michelle Caruso-Cabrera on CNBC’s Power Lunch about the importance of changing our tax code this year to provide relief for American workers, grow the economy, and make U.S. businesses more competitive.

Click here to watch or click on the image below.  

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Acting With Urgency: “The great news is the House got this process started. They’ve done a great job getting us to this point. The Senate has been working in parallel for the last few months, and I think we’re in a good position to get this across the line. President Trump wants to get this passed in the House and Senate by Thanksgiving and on his desk by Christmas.”

Americans Expect It: “This is what Americans want. You talked about 58 record days in the stock market, people are pricing tax relief in now in anticipation, along with the over 860 rules and regulations reversed this year. This economy wants to pop. Consumer confidence is at a 16-year high, so I think we’ve got a good chance of getting it done. We have to.”

Making America Competitive: “The House got the corporate rate down to 20% and held that line. I love that. They’re getting rid of repatriation. There’s no border adjustment tax in there, and I really like the way they focused on the different examples in the middle-class to make sure everyone gets a tax cut.”

Leveling The Playing Field: “There’s no way in the world that a couple with two children in Iowa should pay more than a couple with two children, same income, same deductions, in California. There’s no reason for that, and that’s what we’ve been doing for years. We’re going to clean that up, create a more level playing field both on the individual side, and on the corporate side as well.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.