Tags: rodney davis | tax bill | cuts | permanent

Rep. Rodney Davis Pushing to Make Tax Bill's Cuts Permanent

Image: Rep. Rodney Davis Pushing to Make Tax Bill's Cuts Permanent
(AP)

By    |   Friday, 29 December 2017 02:10 PM

Individual tax cuts included in the nation's new tax law could expire in 2025, but Rep. Rodney Davis, who plans to introduce a bill to make the changes permanent, said Friday he hopes Democrats will join him in his efforts.

"I hope many of the Democrats who talk about making them permanent will join me in supporting this legislation," the Illinois Republican told Fox News' "America's Newsroom" program. 

"The Democrats in the Senate could have done that, but instead they chose not to because they wanted a political talking point."

Changes for the tax code will start on Monday, when the standard deduction will double, and Davis pointed out that even though Democrats have said the tax bill hurts the middle class but benefits the rich, that's not the case.

"Clearly, the statistics don't show that," he said. "You look at the average amount of percentage of income that is going to be saved by families across the income spectrum, an overwhelming majority of the higher percentage goes to middle and lower income families."

Meanwhile, Davis said he finds the rhetoric about the bill and its expiration dates to be a bit "disingenuous."

"The current tax code has many provisions that expire annually, and we have to extend them on a regular basis," said Davis. "It is a little disingenuous to see the rhetoric come out of Washington."

The bill, though, is a "great bill" for the American people, he continued.

"They will see more money in their pockets instead of sending it to Uncle Sam," Davis said. "We doubled the standard deduction; $6,000 for an individual goes to $12,000 and  $12,000 goes to $24,000. We doubled the child tax credit. You make more money before you actually pay taxes and we lowered the rates across the board. This is a good bill."

Still, the bill isn't perfect and some fixes are necessary, said Davis, but some were already done before President Donald Trump signed it.

"In the House, they were going to tax tuition waivers," he said. "This is a way that many students and their parents [who are] employees at universities use to reduce the amount of money they have to spend to invest in their kids' education.

'We fixed that in the conference committee. No one will be taxed on that. That's a way that we were able to make the bill better before it was signed into law."

Tax cuts for businesses were also criticized, but they were an important key needed to make America competitive, said Davis.

"I think you will see the economic growth that we've heard politicians talk about, but then implement policies that actually constrain the economy," he continued. "We'll put more money in the pockets of families. That's a good thing to do. That's why I came to Congress. I didn't come to Congress to send more money to Washington, D.C."

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Individual tax cuts included in the nation's new tax law could expire in 2025, but Rep. Rodney Davis, who plans to introduce a bill to make the changes permanent, said Friday he hopes Democrats will join him in his efforts.
rodney davis, tax bill, cuts, permanent
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2017-10-29
Friday, 29 December 2017 02:10 PM
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