Tim: Tax Reform plan would lower taxes by $2,200

November 20, 2017     About Tim Services Media Center Legislative Work South Carolina Resources Dear fellow South Carolinians, Thank you for subscribing to my weekly e-newsletter, and please remember to follow me on  Facebook ,  Twitter , Instagram  and  YouTube .  Tax Reform This week was another busy one for tax reform- with the Senate Tax Reform bill passing through the Senate Finance Committee. (You can watch me speak in the Senate Finance Committee here. ) This is great news, because the Senate Tax Reform plan would lower taxes by $2,200 for a typical family of four making around $73,000 a year. Additionally, the Tax Foundation found that it would create 13,000 jobs in South Carolina, and that every state will see more jobs and higher after-tax income. I want to thank Chairman Hatch and all of my colleagues on the committee for their hard work drafting and advancing this once in a generation opportunity to revamp our nation’s tax code. We’re putting money back in the pockets of hardworking American families, ensuring the jobs of the future are created here in America, and giving some breathing room to a middle class that has been taxed too much for too long. I look forward to the full bill coming to the floor of the Senate in the coming weeks, and getting a tax reform package to the President’s desk before the end of the year. This is an amazing opportunity for the American family, and tax relief is coming!  I wrote more on this in the Post & Courier , and you can read the Tax Foundation’s study here. Investing in Opportunity Act Last week, my bipartisan Investing in Opportunity Act passed out of Finance Committee as a part of the Tax Reform package. Since I entered Congress, my goal was simple: create opportunity for everyday Americans wherever possible. It is a passion because I grew up in a single-parent household, surrounded in poverty, with very little expectation that I would find my way to success. But I learned that opportunity can truly be the difference that changes the course of one’s life. I know that when the IIOA is passed, when it actually reaches the people it’s intended to help, the results will be truly amazing because it will help everyday people in South Carolina and beyond build their way to a brighter future. I would like to thank the bipartisan group of cosponsors for their support & commitment to distressed & low-income communities across the country. You can read more about this major step here. Sincerely,   Tim     Lowcountry  2500 City Hall Lane 3rd Floor Suite North Charleston, SC 29406 Phone: (843) 727-4525 Fax: (855) 802-9355 Midlands  1301 Gervais Street Suite 825 Columbia, SC 29201 Phone: (803) 771-6112 Fax: (855) 802-9355 Upstate 104 South Main Street Suite 803 Greenville, SC 29601 Phone: (864) 233-5366 Fax: (855) 802-9355 Washington, DC717 Hart Senate Office Building Washington, DC 20510 Phone: (202) 224-6121 Toll Free: (855) 425-6324  Fax: (202) 228-5143                                    Click here to open a plain text version of this email                Click here to forward this email               Click here to open this e-mail in its own browser window