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Hudson Supports Permanent Tax Cuts

September 27, 2018
Press Release
September 27, 2018  
Hudson Supports Permanent Tax Cuts
WASHINGTON, D.C. -  Today U.S. Representative Richard Hudson (NC-08) released the following statement after the House passed two bills, part of a three bill set known as Tax Reform 2.0, that would simplify and expand family savings and encourage job creation:
“I worked with President Trump to cut your taxes,” said Rep. Hudson. “We spurred higher wages and more job opportunities, lowered the tax burden on working families and put more money in your pockets. Tax cuts strengthened our economy, and Tax Reform 2.0 will lock in these reforms to further improve your lives.”
Tax Reform 2.0 is a package of three bills that lock in the historic reforms of the Tax Cuts & Jobs Act to protect middle-class family and small business tax cuts, promote family savings, and empower the next generation of entrepreneurs. They are as follows:
  • H.R. 6760, the Protecting Family and Small Business Tax Cuts Act of 2018
  • H.R. 6757, the Family Savings Act of 2018
  • H.R. 6756, the American Innovation Act of 2018
Today the House passed H.R. 6757 and H.R. 6756. As of now, the Tax Cuts and Jobs Act’s tax cuts for individuals are set to expire in 2025. Tomorrow, the House will vote on the third and final bill of Tax Reform 2.0, H.R. 6760, which would make permanent many key temporary provisions of the law.