Tax reform 2017
Plain and simple: our tax system is broken. It has not been updated since 1986 and since that time has become a complicated mess. Congressman Fred Upton has heard countless stories from constituents impacted by a tax code that is outdated, unwieldy, and too often rewards special interests at the cost of regular folks. It has become abundantly clear that our outdated tax code is a major drag on our economy and on Michigan families struggling to get by.
That is why Fred supports efforts to advance pro-growth, pro-American tax reform and relief.
On November 2, the Tax Cuts & Jobs Act was introduced in the U.S. House of Representatives. This historic piece of legislation will reform our tax code, delivering more jobs, fairer taxes, and bigger paychecks for all Americans.
And on November 16, the Tax Cuts & Jobs Act was advanced by the House.
With this bold bill, a typical middle-class family of four earning $59,000 (the median household income) will see a $1,182 tax cut.
Additionally, according to a report from the Chamber of Commerce, the Tax Cuts & Jobs Act will lead to the creation of an additional 29,168 jobs and raise after-tax incomes for Michigan middle-class families by more than $2,000.
Fred is confident that we can deliver this historic tax reform and relief this year and looks forward to working with colleagues in the House and the Senate and with the administration to deliver results for families and businesses in Michigan and across the country.
Please see below for more information:
September 27, 2017: Upton Statement on Tax Reform
November 2, 2017: Upton: The Time for Middle-Class Tax Reform and Relief is Now
November 2, 2017: Upton Optimistic on Tax Reform Plan (WSJM)
November 3, 2017: Econ development officials join Upton in praising tax plan (Herald Palladium)
November 9, 2017: Rep Upton: Tax plan will make us 'more competitive with the rest of the world' (Michigan Radio)
November 14, 2017: VIDEO: Time for Tax Reform
November 14, 2017: Upton sits down with C-SPAN's "Washington Journal" to discuss middle-class tax reform (C-SPAN)
November 16, 2017: Upton Applauds Passage of Landmark Tax Reform Package
Op-eds and editorials:
Upton, Walberg, Huizenga, Moolenaar, Trott, Bishop, Bergman, and Mitchell in the Detroit News: Michigan deserves tax reform
Detroit News Editorial: Tax plan meets nation’s needs
Martin Feldstein in the Wall Street Journal: Corporate Tax Reform is the Key to Growth
The Tax Cuts & Jobs Act WHAT IT MEANS FOR YOU
The Tax Cuts & Jobs Act POLICY HIGHLIGHTS
The Tax Cuts & Jobs Act COMMUNICATIONS AND POLICY DETAILS
The Tax Cuts & Jobs Act TIMELINE