WASHINGTON, D.C. – House Ways and Means Committee Chairman Kevin Brady (R-TX) issued the following statement today on the Treasury Department’s release of updated tax withholding tables reflecting the enactment of the Tax Cuts and Jobs Act:
“This is outstanding for families in Texas and taxpayers across the country. With the new tax code provided by the Tax Cuts and Jobs Act, nine out of 10 taxpayers will see a boost in their take-home pay within the coming weeks. That comes on top of all the bonuses, wage increases, and expanded benefits that so many businesses have already provided American workers as a result of tax reform.
“The American people work hard to earn their paychecks and support their families. Finally, they have a tax code that allows them to keep more of their money to use as they see fit. This is just one of many ways the Tax Cuts and Jobs Act will improve lives in our nation – and it’s only the beginning. As each new part of the law takes effect, families will see more of the benefits. That means a stronger economy with more jobs, fairer taxes, and bigger paychecks for Texans and hardworking taxpayers nationwide.”
CLICK HERE to read the Treasury Department’s press release on the updated withholding tables.
CLICK HERE to learn more about the Tax Cuts and Jobs Act.