WASHINGTON – Senator Ted Cruz (R-Texas) called on the GOP-led Congress to support legislation to make the temporary individual tax cuts permanent since the tax reform package included an expiration date for the new tax rates in 2025.
“We ought to follow through to make the individual tax cuts permanent. We ought to follow through to make expensing permanent. We ought to follow through to make the small-business tax cuts permanent. We ought to keep moving forward and prioritizing jobs, jobs, jobs, because that’s the priority of the American people,” Cruz said during a press conference Thursday organized by Americans for Tax Reform.
“I don’t believe we should rest on our laurels. We accomplished a great deal in 2017 but we need to keep moving forward in 2018 and do more,” he added.
Cruz has proposed a bill that would “amend the Internal Revenue Code of 1986 to make permanent the individual tax rates in effect for taxable years 2018 through 2025.”
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