Washington, D.C.— Today, U.S. Representative Mike Coffman (R-CO) released the following statement upon House passage of H.R. 1, the ‘Tax Cuts and Jobs Act’:
"This is pro growth tax reform. I've always believed that simplifying our tax code and reducing the tax burden on hardworking families and businesses will promote job growth and higher wages in communities all across our country. The same CBO that projected a $1.5 trillion deficit over the next 10 years is also projecting that there will be $1 trillion in additional revenue for every .4% of economic growth. I'm amazed that the same loud voices that defended voting for $2.7 trillion in deficit spending to grow the size of government, in just the first two years of the Obama Administration, are now suddenly concerned about deficit spending when it comes to reducing the tax burdens on families and businesses in order to grow the economy."