South Carolina Sen. Tim Scott believes passing tax reform will be a massive positive for low-income families and he hopes the bill we be passed by Christmas.
Scott said on ABC’s “This Week” low-income families who don’t end up paying income taxes would see a “direct dollar impact” from the bill because their refund will double.
“Well, if you don’t pay income taxes and we increase your refund by 40 percent, that is a direct dollar impact,” he said. “You’ll have more money to use to keep those ends together, those single mothers like mine, who are working paycheck to paycheck, they’ll now not get a $9,300 deduction, we’re doubling that almost to $18,000.”
Republicans in Congress have been working to pass tax reform for months and are looking to get a bill through a conference committee to President Trump’s desk by the end of the year.
The House has passed its version of the bill and the Senate expects to pass its version later on this week. It’s one of the highest-profile legislative items on a calendar chock full of important items that need to be done in December, including avoiding a government shutdown.
Scott said he’s going to use the power of prayer as an additional help to get the bill done before lawmakers are supposed to go home for Christmas.
“Well, I do believe in prayer, number one. And I hope that we can get it done by Christmas,” he said. “If not, we’ll be here through Christmas looking at the end of the year making sure we provide tax relief for those working families like the one I grew up in.”
