Senator David Perdue Discusses Historic Tax Cuts On CNBC

Senator David Perdue Discusses Historic Tax Cuts On CNBC

“The person who is going to benefit the most in this tax plan is the person that gets a job”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Joe Kernen, Becky Quick, and Andrew Sorkin on CNBC’s Squawk Box about the historic action the U.S. Senate has taken to fix the tax code, help middle-class families, and make America more competitive again.

Historic Opportunity: “It’s a historic day in Washington. People are expecting us to get tax done, and I think we will.”

Simplifying The Code: “This is a simplification. Only 30% of taxpayers today itemize, and that’s projected to go down to 10%. To say it another way, 90% of all taxpayers will use the standard deduction, which was doubled in this plan. This is by any definition simplification.”

Growing Optimism: “Getting our corporate rate to be competitive with the rest of the world is the best thing we can do for the American worker, and I think that’s what you’re seeing in some of these optimism numbers now.”

Relief For The Middle Class: “This is indeed a tax cut for the middle class. A family of four, who make the median income of $73,000, are going to get a 60% tax cut. A single mom, with one child, making $41,000 is going to get a 75% tax cut.”

Making America Competitive: “Our focus here is to get competitive again, and the person who is going to benefit the most in this tax plan, is the person that gets a job.”