December 12, 2017
Once-in-a-generation opportunity for tax reform
Dear Editor,
It has been 31 long years since Congress last passed tax reform to provide relief to American workers and business. Since then, the U.S. has continued to lose jobs, businesses and entire industries to overseas competition. Something has to change. The question is: will it?
Fortunately, Congress has a once-in-a-generation opportunity to help spark that change with the passage of tax reform. The Tax Cuts and Jobs Act will enable American businesses to compete and thrive again, creating jobs and economic opportunities for middle-class workers, families and their communities. That’s why it’s imperative for Senator James Lankford to do everything in his power to get this legislation over the finish line.
Of course, there are detractors doing everything they can to stop meaningful tax reform. Congress should ignore them. While this legislation may not be perfect, it will no doubt help Oklahoma’s families keep more of the money by, among other things, lowering individual tax rates and doubling the standard deduction.
At the same time, local businesses in Oklahoma will benefit from a lower, more competitive corporate tax rate, alleviating some of the financial pressure they face so they can reinvest in and grow their operations, and create new jobs in the community.
Senator James Lankford should be commended for supporting tax reform by voting yes on the Senate version of the Tax Cuts and Jobs Act. Now, it’s time to get tax reform signed, sealed and delivered to President Trump for his signature this year.
Sincerely,
Jeffrey Mazzella
President of the Center for Individual Freedom
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CapitolBeatOK welcomes letters to the editor. All submissions should be no more than 400 words and e-mailed to editor@capitolbeatok.com. Please include a contact phone number for verification purposes. All letters are subject to editing. Letters to the editor will remain posted for one week at the editor’s discretion.