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Ark. Senators Cotton, Boozman respond to Senate approval of tax bill

The Republican-backed tax bill is one step closer to becoming a reality after the Senate voted in favor of the measure early Wednesday morning. (Photo: KATV){ }

The Republican-backed tax bill is one step closer to becoming a reality after the Senate voted in favor of the measure early Wednesday morning.

Senator Tom Cotton released the following statement on the approval of the tax bill:

This is a victory for Arkansan families and all working Americans. Now they’ll be able to keep more of their hard-earned dollars, and in addition, our businesses will be able to create more jobs right here in America. I’m also very pleased the final bill includes my proposal to repeal the Obamacare individual-mandate tax. This is the most hated part of that terrible law, and I’m glad to see it go. All in all, this legislation is a major achievement. It will give working families the tax relief they deserve and help us build an economy that supports the American worker.

Senator John Boozman applauded the passage of the tax reform bill as well, releasing this statement:

Historic tax relief is not far from being signed into law. This is great news for hardworking Arkansans and it is great news for our state’s economy.
For too long, middle-class Arkansans have struggled in an economy that feels like it is stuck in neutral. Our outdated, inefficient and ineffective tax code has played a large role in preventing a full recovery from taking hold.
Tax reform will change that. It will help hardworking Arkansans keep more of their money in their own pockets by nearly doubling the standard deduction, lowering rates and eliminating loopholes. By permanently reducing the corporate tax rate, currently the highest in the developed world, we will make American businesses more competitive and keep well-paying jobs here at home.
This bill is the push our economic recovery needs to get across the finish line.

The vote was along party lines, 51-48.

Due to technical changes to the bill, the House has to re-vote on Wednesday, where it is expected to be passed again.

President Trump could sign the bill shortly afterward.


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