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Dear
Friend,
Historic
Tax
Relief
for
Coloradans
This
past
week,
the
Senate
passed
historic
tax
relief
legislation
for
our
country.
For
too
long,
too
many
Coloradans
have
felt
left
behind.
They
have
been
forced
to
cope
with
a
tax
system
that
favors
the
elites
and
gives
advantages
to
those
who
know
how
to
game
the
system.
This
legislation
lowers
the
individual
tax
rates
for
low-and
middle-income
Americans
by
expanding
the
zero
tax
bracket
and
maintaining
the
10
percent
bracket.
It
doubles
the
standard
deduction
to
reduce
the
amount
of
taxable
income
and
expands
the
child
tax
credit
from
$1,000
to
$2,000.
It
also
protects
deductions
like
the
adoption
tax
credit,
and
the
home
mortgage
interest
deduction.
Multiple
analyses
show
that
these
pro-growth
reforms
will
not
just
lead
to
thousands
of
dollars
in
lower
taxes
for
middle
class
families,
but
also
grow
wages
by
thousands.
Americans
in
every
income
group
will
have
lower
taxes.
It
has
been
over
30
years
since
Congress
has
passed
major
tax
reform
and
I’m
excited
to
bring
tax
relief
to
millions
of
Coloradans.
Coloradans
will
keep
more
of
their
own
money
in
their
own
pockets,
and
the
American
people
will
be
able
to
invest
their
savings
the
way
they
want
to,
not
how
Washington
dictates.
(Click here or
on
the
image
above
to
view
Gardner’s
video
statement.)
The
Senate
plan
also
calls
for
lowering
the
corporate
tax
rate
to
20%.
For
years
both
sides
of
the
aisle
have
recognized
that
our
corporate
tax
code
is
uncompetitive
and
causing
companies
to
leave
the
country
in
search
of
lower
taxes.
Even
President
Obama
in
his
2011
State
of
the
Union
Address
advocated
for
lowering
the
corporate
tax
rate,
saying,
“For
example,
over
the
years,
a
parade
of
lobbyists
has
rigged
the
tax
code
to
benefit
particular
companies
and
industries.
Those
with
accountants
or
lawyers
to
work
the
system
can
end
up
paying
no
taxes
at
all.
But
all
the
rest
are
hit
with
one
of
the
highest
corporate
tax
rates
in
the
world.
It
makes
no
sense,
and
it
has
to
change."
We
know
workers
bear
much
of
the
burden
of
the
corporate
tax
rate
and
lowering
the
corporate
tax
rate
will
lead
to
bigger
paychecks
for
hardworking
Coloradans.
The
United
States
has
the
highest
corporate
tax
rate
in
the
industrialized
world
and
in
order
for
our
businesses
to
be
competitive,
this
must
change.
Businesses
will
finally
bring
their
profits
back
to
the
United
States
and
reinvest
those
dollars
into
their
operation,
which
will
lead
to
economic
growth.
Our
country
will
see
an
economic
resurgence
as
a
result
of
this
legislation
and
I’m
proud
to
deliver
tax
relief
to
Colorado.
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