King: Pence Op-Ed Reaffirms “Best Vote I Have Cast”
Vice President Pence Op-Ed for Des Moines Register Touts Iowa’s Benefits from Tax Cut Bill
Washington, D.C.- Congressman Steve King issued the following statement after reading the op-ed penned by Vice President Mike Pence that ran in today’s Des Moines Register. The Pence op-ed, entitled “Tax Cuts are Working in Iowa,” outlines the economic benefits that Iowans are receiving following the enactment of the Tax Cuts and Jobs Act.
“I have called my vote for the Tax Cuts and Jobs Act the best vote I have cast in Congress, and today’s op-ed by Vice President Pence reaffirms my statement,” said King. “As the Vice President points out, working families in Iowa can expect to see their paychecks grow by more than $4,100 a year, and many have already received significant company bonuses made possible by the passage of this legislation. This bill is fueling rapid economic growth, and I applaud the Vice President for highlighting the benefits the Cyclone/Hawkeye State is seeing.”
Excerpts from Vice President Pence’s op-ed:
“Our economy is going to keep picking up speed, because just over two months ago, with the support of Iowa’s Republican leaders in Congress, we passed the largest tax cuts and tax reform in American history.
We cut taxes for hard-working Iowans. The first $24,000 in income for a married couple is now 100% tax free, the child tax credit is twice as high as it was before, and 90% of working families will soon see the tax cut reflected in their paychecks. All told, we estimate the typical Iowa family of four will see a tax cut of almost $2,500.
We also cut taxes for job creators of all sizes. We slashed the corporate tax rate from the highest in the developed world to below the average, so Iowa companies can compete and win against businesses anywhere in the world. Iowa small businesses and family farms also received significant tax relief, which means deeper roots and bigger investments in their communities.
Thanks to our tax cuts, companies are investing as never before in Iowa workers and Iowa’s future. Company after company is giving bonuses to workers all across the Hawkeye State. In Des Moines alone, thousands of workers have received an average bonus of $1,000, and more than 20,000 Iowans have gotten a raise. Many other companies across the state have followed suit, with raises, bonuses and better benefits for their workers.
Overall, working families in Iowa can expect to see their paychecks grow by more than $4,100 a year. And that extra money will be on top of the tax cuts that are already making a difference in Iowa wallets.”
The entire Pence op-ed can be read online on the Des Moines Register’s website.