Press Releases

Congressman French Hill (AR-02) issued the following statement after voting in support of the Conference Report to accompany H.R. 1, the Tax Cuts and Jobs Act, which passed the House:

“The House has achieved a major victory by passing tax reform legislation to help hardworking Arkansas families can keep more of their hard-earned dollars, to bring jobs back home, and to create new jobs. Reforming our broken tax code is about providing better opportunities for our children and grandchildren to succeed and live out their dreams.

“This bill lowers individual taxes, meaning that hardworking Arkansans can keep more of what they have earned. For the majority of the over 50,000 families in Central Arkansas who claim the child tax credit, they will see this claim go from $1,000 to $2,000 per child. The bill also doubles the standard deduction, eliminating the requirement for some to itemize their taxes and protecting more of what Arkansans earn each year. Right now, almost seven out of ten households in our area take the standard deduction. Even more Arkansas families will now be helped with a simpler tax filing system.

“For the job creators in the Second District, this bill lowers the corporate rate to 21 percent. This significant reduction from today’s marginal rate of 35 percent will help Central Arkansas’s job creators grow and expand their businesses.

“Families deserve a simple and fair tax system – one that promotes new and better paying jobs. I am excited that, with this bill, the House is delivering on our promise to Arkansans and Americans with a tax code that provides the opportunity and relief they deserve.”