Sen. Cruz Op-Ed: Tax Reform Will Benefit Texans In More Ways Than One
When Americans went to the polls in 2016 and put
The first major victory is the repeal of Obamacare's unconstitutional individual mandate, which forces you to purchase a product -- Obamacare-approved health insurance -- against your will. The individual mandate is one of the most unfair and unpopular parts of Obamacare. It is also one of the largest tax increases ever inflicted upon the American people. The
To correct this injustice and help Texans keep more of their own money, two months ago I began advocating to my colleagues that we should repeal the individual mandate as part of the tax-reform bill. At the time, only a handful of senators supported the idea. But after learning that repealing the mandate would save the federal government
Second, we were able to stop a
Third, we ensured Americans in every bracket will receive a tax cut. This bill originally eliminated the state and local tax deductions, a strong conservative reform that guarantees states and local governments won't continue to pile on tax increase after tax increase because they know it will be subsidized by you, the federal taxpayer. But eliminating this deduction would have resulted in tax increases for some, especially those in high-tax Democratic states. My view is that we should strive to cut taxes for everyone. That's why I'm proud that a change I supported is in the final bill, allowing all taxpayers to deduct up to
Finally, the
As I travel all over our state, I consistently hear from Texans that they want real tax cuts that will help unleash our economy, create millions of jobs and bring much-needed relief to family budgets. Jobs are my top priority, and this historic tax cut delivers on those promises.
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