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Rep. Blake Moore says bill would make 2017 tax changes permanent to avoid 'massive tax increases'
Summary
Congressman Blake Moore said a bill before Congress would make much of the 2017 tax reform permanent to prevent automatic tax increases in roughly seven months and to support long-term economic growth and national security spending.
Congressman Blake Moore said the bill he described would make much of the 2017 tax reform permanent to prevent automatic tax increases that he said would take effect in about seven months.
Moore said the 2017 changes "put American families, American businesses in a competitive ... rate" and argued that making those provisions permanent would help the economy and keep companies from shifting operations overseas. "What we're doing in this bill is making that permanent," he said. "Because if we don't address that, massive tax increases happen in about 7 months, and that's what some of the critics, I think, are misunderstanding."
Moore also discussed spending in the same remarks, saying certain expenditures in the bill were needed for national security and that the permanent tax provisions would support "long term strong GDP growth" and help address the long-term debt-to-GDP ratio. "These are national security issues," he said, adding that the bill’s tax measures are "hugely important for economic growth, sustained positive revenue coming into our treasury."
The remarks in the provided transcript were explanatory and promotional for the proposal; the excerpt does not record a committee vote, floor vote or other formal action on the measure. The transcript also does not specify the bill number, the text of statutory changes, or any Congressional procedural steps or timetable beyond Moore’s statement that automatic tax increases would occur in roughly seven months if provisions are not extended.
Moore referred to President Joe Biden and recent federal control in passing when criticizing opponents of the approach, saying "President Biden had 4 years, 2 of which he had the White House and Senate, and they didn't touch those types of ... historic tax reform for 2017." That passage was part of Moore’s characterization of recent political history and was presented as context for the current proposal.
Next procedural steps, including whether the measure will receive a formal vote or modification in committee or on the House floor, are not included in the provided transcript.
