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Rep. Virginia Foxx, R-N.C., today voted in support of H.R. 1, the Tax Cuts and Jobs Act. This final tax plan agreed upon by the United States House and Senate reduces tax rates for all income levels, spurs economic and job growth, and repeals Obamacare’s individual mandate for health insurance. Foxx issued the following statement in support of H.R. 1:

“For the last three decades, hardworking American taxpayers have been weighed down by an unfair, complicated, and burdensome tax code. With today’s passage of H.R. 1, that cumbersome tax code is now a thing of the past. Simply put, Congress made a promise to the American people to provide tax relief and we have delivered on that promise by reducing rates for individuals at all income levels and roughly doubling the standard deduction. The reduction in tax rates for businesses and job creators – whether big or small – will unleash more opportunities and bigger paychecks for employees.

With Christmas right around the corner, repeal of the Obamacare individual mandate will be a great gift for hardworking Americans. This will enable families to choose a health care plan that’s right for them, without fear of incurring a tax penalty. Shortly, the Tax Cuts & Jobs Act will be sent to the President’s desk for signature and the American people will begin the New Year with the assurance of more jobs and bigger paychecks.”

To learn more about H.R. 1, the Tax Cuts and Jobs Act, please visit: www.fairandsimple.gop