Tax Relief for American Families and Workers Act of 2024

Floor Speech

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Ms. MALLIOTAKIS. Mr. Speaker, I thank Chairman Smith and the entire committee for their hard work on this. Trump's tax cuts created jobs, lifted wages, led to 50-year low unemployment, and lifted millions from poverty.

Today, we are building on that success with projobs, progrowth, profamily policies by extending these priorities and increasing the child tax credit as well, but we are also helping build affordable housing by expanding Reagan's initiatives, and we are enabling Taiwanese investment in semiconductor manufacturing here in the United States to further create jobs, enhance our supply chain, and reduce dependency on China.

We still have so much work to do. Over the next 2 years, there will be more tax policies coming out of this House. I hope we will be able to increase the standard deduction; that we will be able to provide SALT--State and local tax--relief; and exempt more Social Security income from taxation to help our seniors, who have not seen that change in four decades.

Mr. Speaker, I thank everyone on this committee who worked so hard in a bipartisan manner to get this done. I look forward to seeing it pass in both Houses.

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