Senator David Perdue: We’re One Step Closer To Getting Tax Done This Year

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Senate Budget Committee, released the following statement after the U.S. Senate moved one step closer to fixing our tax code this year:

“Let’s be very clear. This budget is a sham and the entire budget process is a fraud being perpetrated on the American people. Only four times in the past 43 years has the budget process fully worked to fund the government on time. The only reason we’re even doing the budget like this is to get tax done this year.

“In the middle of the dog-and-pony show tonight there was a glimmer of hope. Senator Whitehouse and I teamed up to author a bipartisan amendment to acknowledge our frustration with the budget process and the need to fix it. The U.S. Senate agreed unanimously that the budget process is broken. Getting the entire U.S. Senate, both Republicans and Democrats, to acknowledge the futility of the current budget process and the political side shows that come with it, is a step in the right direction. We need to fix this.

“It is all related. In order for the federal government to have the ability to act on our national priorities, we must solve the debt crisis. To solve the debt crisis, we have to fix our budget process. Job one is getting the economy going, and the economy will move if we get this tax deal done. It’s as simple as that.”

The U.S. Senate unanimously agreed by a voice vote to Senator Perdue’s bipartisan amendment with Senator Whitehouse that acknowledges Congress’ broken budget process (Perdue 1167).

Senator David Perdue Discusses Tax Priorities On Fox Business

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Maria Bartiromo on Fox Business Network’s Mornings With Maria about President Trump’s efforts to overhaul the tax code to help middle-class families and make America more competitive.

Acting on Tax: “The first thing is to get this tax bill that the President wants passed. The reason we need this tax package is to get the economy growing again and to put people back to work.”

Driving A Solution: “Right now I’m moving on and trying to drive to a solution on tax. I’m really optimistic that we will get to a tax bill because this economy wants to turn. Consumer optimism is at a 16-year high right now. If we move on this tax fix, I believe we’ll see a nice rebound next year.”

Lowering Rates: “We have to get the corporate tax rate as low as we can. President Trump wants 15 percent and so do I.”

Investing Back Home: “We can clean up corporate welfare as we work on deductions, but the real thing is we’ve got to eliminate is the repatriation tax. There is between $2 and $3 trillion stuck overseas in U.S. profits. That money can come back into the country as a capital investment and create jobs.”

Solving Fiscal Problems: “Job one is get the economy going, then start working on these redundant agencies. I believe if we get tax done this year, the economy starts to work, then we can start saving social security, whose trust fund goes to zero in 17 years, and Medicare.”