Estes talks tax plan and addresses naysayers

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(KAKE) -

It's been a big week in Washington with the House passing a major tax reform bill. Kansas Representative Ron Estes, (R), said he has high hopes for tax reform, despite the naysayers.

Estes and more than 200 Republican Representatives narrowly passed a $1.5 trillion tax cut Thursday. The bill promises to cut the corporate tax rate from 35 to 20 percent to encourage businesses to hire more people. The plan is expected to lower rates for taxpayers and reduce or eliminate deductions. Estes believes people in all economic classes will benefit.

"I kind of did a thumbnail sketch comparing my 2016 taxes for our income family, and even though our taxable income was higher, our actual taxes owed were less because of the lower tax rates," Estes said.

Democrats say the tax plan will benefit the rich. None of them voted for the bill.


"This tax cut really is not for the middle class. It's for the rich. And that whole thing about higher wages, well it's a good selling point, but we know companies don't just give away higher wages," Ohio Senator Sherrod Brown said in a session earlier this week.

Congressman Estes disagrees. He said he wants the focus to be the bigger picture and wants people to  stop focusing on the deductions that would be eliminated under the bill.

"At the end of the day, people are going to have a simpler way to do their taxes and they'll actually end up paying less taxes," he said.

The Senate is debating its version of the bill. A new analysis shows the Senate's version will raise taxes for lower-income Americans in 2021. The Senate could vote as early as Thursday.
 

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