An Update from Sec. Mnuchin and Gary Cohn on Tax Reform

Dear 1600 Daily Readers, Today, the House of Representatives passed the Tax Cuts and Jobs Act, bringing us one step closer to giving hardworking Americans the relief they deserve. The Senate Finance Committee is also making progress on its companion bill, and we hope they will soon advance it to the floor for a vote. The current tax code hurts American families, workers, and businesses. Our reforms will create a system in which they are treated fairly. Our workers will be able to keep more of their hard-earned money, and our companies will be able to create more jobs, raise wages, and successfully compete in the global marketplace. We will also bring back trillions of dollars in American wealth that is currently parked overseas—money that can be used to invest in America's workers and American industry. With these tax cuts—combined with the President's efforts to cut job-killing regulations—our country is poised for historic economic growth. We will bring back our jobs, we will bring back our wealth, and as the President has said many times, we will bring back our great American dreams. Stay informed on the fight for a fair and simple tax code at WhiteHouse.gov/TaxReform. Steven Mnuchin Secretary of the Treasury Gary Cohn Director of the National Economic Council