WASHINGTON– U.S. Senator John Boozman (R-AR) released the following statement after the U.S. Senate gave its final approval to a comprehensive tax reform package:
“Historic tax relief is not far from being signed into law. This is great news for hardworking Arkansans and it is great news for our state’s economy.
For too long, middle-class Arkansans have struggled in an economy that feels like it is stuck in neutral. Our outdated, inefficient and ineffective tax code has played a large role in preventing a full recovery from taking hold.
Tax reform will change that. It will help hardworking Arkansans keep more of their money in their own pockets by nearly doubling the standard deduction, lowering rates and eliminating loopholes. By permanently reducing the corporate tax rate, currently the highest in the developed world, we will make American businesses more competitive and keep well-paying jobs here at home.
This bill is the push our economic recovery needs to get across the finish line.”