Congressman Markwayne Mullin voted today in support of H.R. 6760, the Protecting Family and Small Business Tax Cuts Act.  H.R. 6760 makes the tax cuts from the Tax Cuts and Jobs Act, passed in December 2017, permanent for individuals and small businesses.

“Our country depends on small businesses and the hardworking individuals who work day-in-and-day-out to put food on the table for their families,” said Mullin.  “Today, Congress makes good on its promise to make the individual and small business tax cuts in the Tax Cuts and Jobs Act permanent.

“The impact of the Tax Cuts and Jobs Act is unmistakable,” continued Mullin.  “More than 6 million workers received bonuses, better benefits, or pay increases.  There are more job openings available than people who are looking for work.  Wages are up, unemployment is down, and overall optimism hit record highs in the last nine months.  I am proud to support the Protecting Family and Small Business Tax Cuts so that families can continue to keep more of what they earn in their pocket.”

The non-partisan Tax Foundation’s analysis shows that making the family and small business tax cuts permanent will:

• Create 1.5 million new jobs
• Increase wages by 0.9%
• Increase GDP by 2.2%
  

H.R. 1, the Tax Cuts and Jobs Act, passed the U.S. House of Representative by a vote of 224 - 201.  Congressman Mullin penned an op-ed in the Washington Examiner in April discussing the positive impacts of tax reform.