WASHINGTON – On Wednesday, September 27, 2017, U.S. Senator Roy Blunt (Mo.) spoke on the Senate floor to express his support for the Republican tax reform framework announced today. During his remarks, Blunt noted that three-fourths of the full time work force are living paycheck to paycheck, and over 20 percent of Americans have zero savings.
Following are excerpts from Blunt’s remarks:
“Over 75 percent of the full-time workers in America, say when asked, that they’re living from paycheck to paycheck. Over 20 percent of Americans say they have zero savings, and a much higher number says they have less than four or five hundred dollars in savings, and these are people whose parents and grandparents had worked hard to save whatever they could, and would like to see that ability happen again.”
“You shouldn't have to have the greatest accountants in the world to figure out what your taxes are or frankly to figure out what somebody else's taxes likely are. Fairness is important here, simplicity is important here, and competition and better jobs [are] important here. We need better jobs for working families. I think that should be the flag that flies highest as we begin to look at how we reduce the tax burden and increase opportunity for more people to be paying taxes because we have more people with better jobs.”