{"database": "press", "table": "releases", "rows": [["https://bost.house.gov/2017/12/bost-applauds-house-passage-tax-reform-legislation-0", "Bost Applauds House Passage of Tax Reform Legislation", "2017-12-19", "2017", "2017-12", "Republican", "House", "IL", "Mike Bost", "B001295", "bost.house.gov", "bost", "https://bost.house.gov/press-releases", "scraper", "Washington, DC \u2013 U.S. Representative Mike Bost (IL-12) today released the following statement after the House passed the final version of the Tax Cuts and Jobs Act, the biggest reform of America\u2019s tax code in 31 years:\n\n\u201cThere were two major things that I wanted to accomplish for Southern Illinois through tax reform: growing jobs and growing paychecks. This tax reform bill paves the way for both. We\u2019ve reformed the tax code to let working families keep more of their paycheck to spend as they see fit. Whether that be saving for college, raising a family, or preparing for a rainy day, I trust the taxpayers to keep a closer eye on their hard-earned dollars than any Washington bureaucrat ever will. We\u2019ve also taken steps to encourage businesses large and small to expand operations at home and invest in the American worker.\u201d\n\nFor individuals and families, the Tax Cuts and Jobs Act:\n\nLowers individual taxes and sets the rates so people can keep more of their hard-earned money.\n\nDoubles the standard deduction from $6,500 to $13,000 for individuals and $12,000 to $24,000 for married couples.\n\nContinues to allow people to write off the cost of state and local taxes \u2013 up to $10,000.\n\nDoubles the Child Tax Credit from $1,000 to $2,000.\n\nProvides support for graduate students by continuing to exempt the value of reduced tuition from taxes.\n\nRetains popular retirement savings options such as 401(k)s and Individual Retirement Accounts (IRAs).\n\nPreserves the mortgage interest deduction.\n\nProvides relief for Americans with expensive medical bills by expanding the medical expense deduction.\n\nFor job creators of all sizes, the Tax Cuts and Jobs Act:\n\nLowers the corporate tax rate to 21%\u2013 down from 35%, which today is the highest in the industrialized world.\n\nAllows businesses to immediately write off the full cost of new equipment to improve operations and enhance the skills of their workers.\n\nEstablishes strong safeguards to distinguish between individual wage income and \u201cpass-through\u201d business income so Main Street tax relief goes to the local job creators it was designed to help most.\n\nPrevents American jobs, headquarters, and research from moving overseas by eliminating incentives that now reward companies for shifting jobs, profits, and manufacturing plants abroad.\n\n# # #", 1, "2026-03-30T01:40:41Z", "2026-04-08T22:19:19Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://bost.house.gov/2017/12/bost-applauds-house-passage-tax-reform-legislation-0"], "units": {}, "query_ms": 1.517284894362092, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}