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Tax reform in time for Christmas
With the holiday season upon us, President Donald J. Trump is working hard with Congress to cut taxes for middle-income families and fix our Nation's broken tax code in time for Christmas. The new bill – currently making its way through the Senate – will slash taxes by some $1.5 trillion over the next 10 years and is projected to boost household incomes significantly after nearly two decades of stagnation. The new code will allow families to spend more of their hard-earned dollars toward the success of their children, while restoring America's competitive business edge and stimulating job growth.

Today, the President is meeting to discuss the bill with Senators Orrin Hatch (R-UT), Pat Toomey (R-PA), Rob Portman (R-OH), Tim Scott (R-SC) and John Cornyn (R-TX) of the Senate Finance Committee. The Administration is pleased with the growing momentum behind passing these historic tax reforms, and it looks forward to continuing to support the Senate in getting this important work done as quickly as possible.