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Rep. Roger Williams: tax cuts have "put more money in the hands" of Americans, cites 53 million using new deductions
Summary
Rep. Roger Williams, chair of the House Committee on Small Business, said in a live interview that recently passed tax measures have put money back in households' pockets, citing a Treasury Department figure that 53 million Americans have used at least one of the new deductions; he also said reduced regulation has eased lending by community banks and predicted pump prices will fall this summer.
Rep. Roger Williams, chair of the House Committee on Small Business, said in a live interview that tax cuts passed by Congress and signed by the president "have put more money in the hands" of Americans and are helping businesses keep workers employed.
Why it matters: Williams said the measures — discussed at a committee hearing he held earlier in the day on the Working Families Tax Cuts Act — are intended to raise household disposable income and spur consumer spending and small-business hiring. The host cited an on-screen Treasury Department figure…
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