Isakson: Senate Paves Way for Tax Reform
WASHINGTON – U.S. Senator Johnny Isakson, R-Ga., on Thursday applauded the Senate passage of the fiscal year 2018 budget resolution by a vote of 51-49, a vote that paves the way for the Senate to proceed to its work on critically needed comprehensive tax reform.
“The fiscal year 2018 budget passed by the Senate is important because it sets forward a vision for returning our federal government to the path of fiscal responsibility for the future,” said Isakson, a member of the Senate Finance Committee, which has jurisdiction over tax reform. “This resolution also paves the way for comprehensive tax reform to fix our broken tax code, provide relief to middle-class Americans and help keep jobs here in the United States. I look forward to helping advance tax reform under regular order, starting with our work in the Senate Committee on Finance.”
“Our national debt is a burden to Americans now, and future generations will be unable to bear the pressure if we do not start making serious efforts to reduce it,” Isakson continued. “Tax reform would help spur economic growth, which, combined with a disciplined spending approach by Congress, can help begin to bring down our national debt.”
Following Thursday’s Senate passage of H.Con.Res.71, the Senate and U.S. House of Representatives must now try to reconcile the differences in their two versions of the fiscal year 2018 budget. If the two chambers reach agreement on the budget, it will serve as the foundation for Congress to continue its work on tax reform.
Isakson recently delivered remarks on the Senate floor regarding the importance of enacting comprehensive tax reform now.