Senate approves Trump’s tax package 51-48.
Media release: U.S. Sen. Johnny Isakson, R-Ga., a member of the U.S. Senate Committee on Finance with jurisdiction over tax reform, today applauded Senate passage of H.R.1, the Tax Cuts and Jobs Act, by a vote of 51-48.
“I’m very proud to be a part of this Senate today and what’s going to prove to be an historic day in the future,” Isakson said Tuesday in remarks on the Senate floor ahead of the vote. “When you take a risk, at the end of that rainbow is a reward. And in the case of risking lower taxes, the greater reward is more jobs, more opportunity, and a better America for our children and our grandchildren.”
During his remarks, Isakson also highlighted some of the provisions that will benefit Georgia families and individuals including cutting individual income tax rates across the board, doubling the standard deduction, and doubling the child tax credit.
“On the personal side, you really can’t argue with doubling the standard deduction,” Isakson continued while addressing the benefits of the legislation. “You can’t argue with the doubling of the child tax credit. You can’t argue with simplifying the tax process itself and the filing of taxes. You can’t really argue with all this because you know it’s better for the American people and their pocketbook in the short run, while in the long run, it’s better for their children and their grandchildren.”
Isakson’s full remarks on the floor can be viewed here.