[Congressional Record Volume 164, Number 61 (Monday, April 16, 2018)]
[House]
[Page H3331]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




    THIS IS THE LAST YEAR AMERICANS WILL FILE UNDER OUR OLD TAX CODE

  (Mr. LaMALFA asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. LaMALFA. Mr. Speaker, I rise today in celebration of the last 
year that Americans will ever have to file under our old, outdated Tax 
Code. Starting next year, the Tax Cuts and Jobs Act will take full 
effect. That means the annual hassle associated with filing taxes will 
be done away with for most Americans, who will be able to file on a 
form as simple as a postcard.
  Most Americans will also find the new, simpler Tax Code will also be 
more beneficial to their families financially. For example, the 
standard deduction will be nearly doubled to $12,000 for individuals 
and $24,000 for families, and the child tax credit is doubled to 
$2,000.
  Throughout this entire process, some of my colleagues have attempted 
to market this historic tax reform as Armageddon or the increase they 
are going to keep in their paycheck as crumbs.
  Well, people are keeping more of what they have earned and will 
continue to do so as this bill takes full effect. The flood of bonuses 
and new investments in employees by companies across the U.S. is 
evidence to the contrary of that ``Armageddon'' or ``crumbs'' talk.
  This time next year, the vast majority of Americans will have a 
simpler, more lucrative tax filing process to look forward to for 
themselves and their families.

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