{"database": "press", "table": "releases", "rows": [["https://kevinbrady.house.gov/news/documentsingle.aspx?DocumentID=404976", "Tax Cuts & Jobs Act in Year Three: Unleashing Economic Growth is Key to Recovery", "2020-12-16", "2020", "2020-12", "Republican", "House", "TX", "Kevin Brady", "B000755", "kevinbrady.house.gov", null, null, "legacy", "This month marks the three-year anniversary of theTax Cuts and Jobs Act(TCJA) that aided Americas middle class, strengthened the economy, and made America more competitive globally. After years of the slow Obama-Biden economic recovery, Americas economic growth moved into high gear with passage of TCJA, leading to more jobs, higher wages, and a stronger America.\r\nNow, with the successful development and distribution of the coronavirus vaccine, these policies will be crucial to continuing American growth by allowing families and main street businesses the flexibility and resources they need.\r\nThe first rewrite of our nations tax code in over 30 years was led by House Republicans. As the Constitution states: All bills for raising revenue shall originate in the House of Representatives.\r\nJust three years ago this week, the House-Senate Conference Committee signed the conference report for this historic legislation, with Conference Committee Chairman Kevin Brady (R-TX) filingthe conference reportin the Houseallowing the bill to move forward in Congress.\r\nUnder the leadership of House Ways and Means Chairman Kevin Brady (R-TX) and House Ways and Means Republicans, our conference laid out a bold vision for what our new tax code should look like. As Brady said at aspeech delivered at the Reagan Ranch:\r\n\r\n\r\n    \r\n        \r\n            \r\n        \r\n    \r\n\r\n\r\nWith your help, America,we can close the special-interest loopholes. Wecan lower tax rates for American families and job creators. We canvault Americafrom nearly dead last among our global competitors back into the lead packwith one of the most pro-growth, pro-jobs tax codes on the planet.\r\nHouse Republicans were able to deliver just that.\r\nThanks to House Republican Leadership, the final conference report for the TCJA included these provisions:\r\n \r\n    Lower Tax Rates Across the Board for All Americans.\r\n    Nearly Doubled Standard Deduction.\r\n    Doubled Child Tax Credit.\r\n    Eliminated the Alternative Minimum Tax for all but Millionaires and Billionaires.\r\n    Capped the State & Local Tax Deduction.\r\n    Lower Corporate Tax Rate.\r\n    Created a New Pass-Through Deduction for Small Businesses.\r\n    Full and Immediate Expensing for Business Investments.\r\n    Eliminated the Corporate Alternative Minimum Tax.\r\n    Reformed Our International Tax Rules.\r\n    Repealed Many Special Interest Tax Provisions.\r\n    Improves Savings Vehicles for Education (529s for elementary, secondary, and higher education).\r\n    Made it easier for American businesses to bring home foreign earnings.\r\n    Prevents American jobs, headquarters, and research from moving overseas.\r\n \r\nThe results? A booming economy for families and small businesses, anda foundation for our economy to continue rebuilding following the COVID-19 pandemic.\r\n\r\n\r\n    \r\n        \r\n            \r\n        \r\n    \r\n\r\nThe TCJA led toMore Jobs and Investments.\r\nOur new tax code providedfairer and lower taxes for workers.\r\nAnd it resulted inBigger Paychecksfor Americans nationwide.\r\nOver the next week, Ways and Means Republicans will reflect on the legacy of this new tax code and highlight how, using these same pro-growth, low-tax principles, we can launch America back into the most competitive economy in the world.", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "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://kevinbrady.house.gov/news/documentsingle.aspx?DocumentID=404976"], "units": {}, "query_ms": 0.8977111428976059, "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"}