Bishop Votes for “Tax Cuts and Jobs Act”
WASHINGTON – The US House of Representatives has voted to pass the Tax Cuts and Jobs Act. Rep. Rob Bishop (R-UT) released the following statement after his vote for the bill:
“Utahns deserve to keep more of their hard-earned money. Each year, Utahns and other Americans spend billions of dollars complying with our needlessly complicated tax code. I voted for the Tax Cuts and Jobs Act because it will save Utahns thousands of dollars each year. Furthermore, the bill contains numerous provisions that bring federal tax policy more in line with Utah values.”
BACKGROUND: The Tax Cuts and Jobs Act is estimated to raise the after-tax income of Utah families by $2,969. 71,033 taxpayers in Utah’s 1st District claim the child tax credit. The Tax Cuts and Jobs Act increases the child tax credit from $1,000 per child to $1,600. CLICK HERE for more on the impact of the Tax Cut and Jobs Act on Utah’s 1st District.