Press Releases

Washington, D.C. –  Congressman Ralph Norman (SC-05) released the following statement after voting today to pass the budget for FY 2018:

“Today’s passage of the FY 2018 Budget Resolution is a critical first step to achieving comprehensive tax reform and making the American economy great again. 

“Our nation has not significantly reformed our tax code in more than three decades, allowing the tax code to explode in complexity and unnecessarily burden hardworking American families and businesses. Moreover, while the United States is a world leader in innovation and entrepreneurship, we have failed to reduce our corporate tax rate, which stands at 35%, the highest in the developed world. 

“The unified framework unveiled earlier this year will simplify the tax code for everyone, eliminate wasteful tax loopholes, and reduce taxes on businesses. I am also pleased to see that the plan eliminates the death tax on farmers and moves to full expensing. Under this plan, the average family will see an increase in income between $4,000 and $9,000 annually.

“While I believe that this budget is necessary to spur economic growth and increase wages, I am disappointed that the Senate removed the $203 billion of mandatory spending cuts given the challenge the national debt poses to the United States. 

“However, we should not make the perfect the enemy of the good, and I understand that issues as complex as the budget and tax reform require compromise. 

“I appreciate the leadership of Speaker Ryan, Chairman Brady, and the rest of the leadership team for their hard work on tax reform, and I look forward to working with my colleagues to moving tax reform over the finish line and to the President’s desk.”