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Good
morning
–
I
have
an
important
update
to
share
with
you:
The
Tax
Cuts
and
Jobs
Act
has
been
signed
into
law!
But
what
does
that
mean
for
you?
Well,
on
average,
tax
reform
will
provide
every
income
group
with
tax
relief.
Under
this
new law…
 Middle-
and
low-income
Iowans
will
see
lower
tax
rates.
ObamaCare’s
costly
individual
mandate
will
be
eliminated.
Folks
will
be
able
to
keep
more
of
their
hard
earned
dollars.
The
child
tax
credit
is
doubled.
Job
creators
of
all
sizes
will
be
more
competitive
and
can
reinvest
in
their
most
important
resource
–
their
employees.
The
Tax
Cuts
and
Jobs
Act
also
includes
two
of
my
provisions:
the Stop
Questionable,
Unnecessary,
and
Excessive
Allowances
for
Legislators
Act,
also
known
as
the SQUEAL
Act,
which
eliminates
an
unnecessary
tax
break
for
lawmakers,
and
the
bipartisan
Investing
in
Opportunity
Act which
helps
spur
economic
growth
in
poverty-stricken
areas.
I
am
thrilled
that
these
commonsense
initiatives
were
included
in
this
long-overdue
reform
so
that
Iowans
will
finally
be
able
to
see
relief
from
an
overly-burdensome
tax
code,
first-hand.
Making
Washington
Squeal
As
I
mentioned,
my SQUEAL
Act was
included
in
the
Tax
Cuts
and
Jobs
Act.
Specifically,
this
measure
cuts
perks
for
elected
officials
by
eliminating
a
provision
of
the
tax
code
that
allows
Members
of
Congress
to
deduct,
for
income
tax
purposes,
up
to
thousands
of
dollars annually
in
living
expenses
while
in
the
Washington,
D.C.
area.
Iowans
sent
me
to
Congress
to
make
Washington,
D.C.
squeal
and
that
includes
eliminating
handouts
to
politicians.
It’s
long-overdue
that
Congress
start
leading
by
example
by
offering
up
its
own
unnecessary
tax
break,
and
I’m
pleased
to
see
this
legislation
signed
into
law.
Watch
more on
my
SQUEAL
Act
here
or
by
clicking
on
the
image
below.
For
more
updates
on
what's
happening
in
Washington,
D.C.
and
Iowa,
be
sure
to
'Like'
my
Facebook
page,
follow
me
on
Twitter
@SenJoniErnst,
and
subscribe
to
my
YouTube
channel.
Thank
you!
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