WASHINGTON — U.S. Rep. Michael Burgess, R-Pilot Point, voted Wednesday to pass H.R. 1, the Tax Cuts and Jobs Act, commonly known as the tax reform package.
"While this tax reform package is not perfect, it is a positive step in the right direction," Burgess said in a prepared statement issued by his office. "I commend my fellow members for their hard work to achieve long-overdue results for North Texans and the American people."
The U.S. Senate has already passed the tax reform bill, the first comprehensive tax reform legislation since 1986. It now goes to President Donald Trump, who is expected sign it into law.
The new law reduces the rates of the individual tax brackets, nearly doubles the standard deduction and keeps in place some important deductions. For example, education tuition waivers will remain tax-exempt.
Burgess also praised the new law for eliminating the so-called "individual mandate" in the Affordable Care Act that penalizes those who go without medical insurance coverage.
"I have been a fervent opponent of this egregious overreach that fundamentally alters the relationship between the government and the governed," said Burgess, who represents Denton County in Congress.