Ryan: The Average Taxpayer in Every Income Group Gets a Tax Cut

EXCERPT:

RYAN: "Yeah. First of all, we’re excited that we’re at a cutting people’s taxes and we're reforming the tax code to get faster economic growth and more jobs. That’s what this is all about; building a tax code to get economic growth. We have had eight years, about a ten-year slide of really slow growth. That means people don’t get wage increases. That means living standards get stagnant. This will help us get to a 3 percent economy. What the tax foundation says about this bill — and first of all, all the various analysis that are out there say that the average taxpayer in every income tax group get the tax cuts. Now, this is the tax code riddled filled of loopholes, and I’m sure there are some wealthy people who have tax lawyers and accountants who can take advantage of just about every loophole out there and when those loopholes go away, they’re not going to like that. But the point of this to make the system fairer, fewer loopholes and just as level system and lower tax rates, give -- give middle income families a big tax cut. The median family — median household in America is going to get $1,182 tax cut; 78 percent of people are telling us in surveys they’re living paycheck to paycheck in this country."