Americans for Tax Reform Letter Supporting CRUMBS Act

Issues: Tax Reform, Economy and Jobs
March 22, 2018
 
The Honorable Todd Rokita
United States House of Representatives
2439 Rayburn House Office Building
Washington, DC 20515
 
Dear Congressman Rokita:
 
I write in support of H.R. 5012, the Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act. This legislation exempts bonuses of up to $2,500 from taxable income. All members of Congress should support your important legislation.
 
The Tax Cuts and Jobs Act signed into law in December of 2017 is already a success. 90 percent of Americans have seen more money in their paychecks. More than 300,000 jobs were added in February, unemployment is at a 17 year low, and wage growth is up. Business optimism is at an all-time high among small businesses and manufacturers.
 
The bill has also encouraged hundreds of companies to announce bonuses, pay raises, and increased benefits for employees. In the past several months, more than four million Americans have received tax reform bonuses, and the number increases by the day.
 
However, Democrats continue to downplay or dismiss the positive impacts of the law. Most famously, Minority Leader Nancy Pelosi (D-CA), who has a net worth of approximately $30 million, called the tax reform bonuses “crumbs.”
 
For middle-class families across the country, these bonuses are not crumbs at all. The median income for 2017 was $59,039, so an extra $1,000 or $2,000 goes far.
 
Despite what the Democrats say, the Tax Cuts and Jobs Act is working. The law has benefited Americans across the country through higher wages, and more take-home pay. The CRUMBS Act builds on the success of tax reform by allowing the millions of Americans that have received bonuses to keep what they’ve earned.
 
I urge all members of Congress to support this important legislation.
 
Onward,
Grover G. Norquist
President, Americans for Tax Reform

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