[Congressional Record Volume 164, Number 62 (Tuesday, April 17, 2018)]
[House]
[Page H3353]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]





                              {time}  1215
                   CELEBRATING TAX REFORM ON TAX DAY

  (Mr. THOMPSON of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. THOMPSON of Pennsylvania. Mr. Speaker, today is tax day. 
Typically, Americans dread this day--the deadline for filing Federal 
income tax returns--thanks to a cumbersome, complex, and confusing Tax 
Code.
  But fear not. Thanks to the Tax Cuts and Jobs Act, this is the last 
time Americans will file under the old system.
  Next year, taxpayers will be able to keep more of their hard-earned 
dollars. Approximately two-thirds of all households will see a lower 
marginal income tax rate in 2018, according to a recent analysis by the 
Tax Policy Center.
  Thanks to the Tax Cuts and Jobs Act, American families can look 
forward to lower individual tax rates; a nearly double standard 
deduction, from $6,500 to $12,000 for individuals, and from $13,000 to 
$24,000 for married couples; and a doubled child tax credit increase 
from $1,000 to $2,000 per child.
  Mr. Speaker, these are just some of the benefits. The average 
American should be able to file their taxes without an army of 
accountants. I look forward to next year when the majority of American 
families will see a much easier tax process.
  It is pro-growth, pro-family tax reform; fair and simple.

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