Tags: john thune | democrats | rejecting | tax reform | tax cuts

Thune: Dems Rejecting Tax Reform Because They Don't Like Tax Cuts

Image: Thune: Dems Rejecting Tax Reform Because They Don't Like Tax Cuts
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By    |   Thursday, 14 December 2017 03:00 PM

Historic tax reform legislation will mean not only tax cuts for middle-income families but cuts for businesses that will allow them to be competitive in the global marketplace, Sen. John Thune said Thursday, but Democrats are rejecting it because they don't like reducing taxes.

"[This is a] significant cut for our businesses who are not competitive in the global marketplace," the South Dakota Republican told Fox News' "America's Newsroom" program. "But [it] will make them competitive with the Chinese and the Russians and all the people around the world that we compete with."

However, Democrats are saying the bill will end up costing the middle class, but Thune said he believes the louder they protest, the "more they realize what a great piece of legislation this is."

"The Democrats have never liked reducing taxes on the American people," said Thune. "They want to keep the government in Washington, D.C., where they can spend it. You allow the American people to make their own decisions for themselves and their families, they'll make a lot better decisions."

The bill, if it becomes law, will also allow businesses to "unleash the potential to grow this economy and create those better paying jobs and higher wages that everybody wants to see," said Thune.

However, Republicans are having a difficult time selling the bill because "it's consequential and we want to get it right."

"We have individual members on how to improve it and it's a long process we've been through," the senator said. "We're coming together behind a plan that does include basic features that we've all agreed on from the very beginning, to double the standard deduction, double the child tax credit, lowers rates, that will deliver meaningful tax relief."

Thune said Republicans will have the votes they need to pass the tax reform measure next week, and he's "very confident" it will pass Congress and be ready for President Donald Trump's signature.

The senator also weighed in on Roy Moore's loss in Alabama, saying that the message that was sent was one that "unelectable candidates don't normally get elected."

"There were issues that we knew, everybody knew that were going to be problematic," said Thune. "He was going to come in here under a cloud in an ethics investigation. I'm not happy with the outcome. There were no good outcomes, as far as I'm concerned. I thought the best solution if he had stepped aside allowed another Republican to run we would have won that seat. So we have to deal now with another Democrat in the Senate."

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Historic tax reform legislation will mean not only tax cuts for middle-income families but cuts for businesses that will allow them to be competitive in the global marketplace, Sen. John Thune said Thursday, but Democrats are rejecting it because they don't like reducing...
john thune, democrats, rejecting, tax reform, tax cuts
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2017-00-14
Thursday, 14 December 2017 03:00 PM
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