Curbelo: “Tax Reform Equals More and Better Jobs”
Today, Representative Carlos Curbelo (FL-26) participated in the first in a series of hearings on the need for comprehensive tax reform as a member of the Ways and Means Committee.
Curbelo asked panelists about the impact the Committee’s Blueprint for permanent, comprehensive tax reform would have on the South Florida economy and the importance of reform for American workers who have not benefited from the economic recovery.
A transcript of Curbelo’s opening remarks is below. A video of the full exchange is available here.
U.S. Representative Carlos Curbelo
Ways and Means Committee
May 18, 2017
Representative Carlos Curbelo: “Mr. Chairman, thank you very much for this hearing, and I thank the witnesses. I’m also grateful that my colleagues have expressed broad, bipartisan support for comprehensive, permanent and revenue-neutral tax reform.
“We also have the opportunity to reform and streamline existing programs in the tax code, like education incentives that will give families more flexibility in saving for the children, promoting greater access to cleaner, more efficient energy technologies, and seeking solutions for the people of Puerto Rico who face a demoralizing economic outlook.
“But for me, Mr. Chairman, tax reform is about expanding opportunity for the American families of today and those of the future. I think about my immigrant parents, and how they were able to come to this country and earn success. When they first arrived, it was tough – my mom helped her mother run a small fabrics business, on some days my dad sought food and couldn’t find any. Yet thanks to the possibilities afforded to them by the American economy, they were able to earn more, put away some money, buy an apartment, and start a family. The social safety net back then was not as expansive as it is today, but opportunity was boundless.
“My wife and I think about our own two daughters. I want to make sure that they grow up in a country where they can find their own success and blossom. The decisions we make in this committee in the coming months will either make that more or less possible. I think of all those young people who went to college and can’t find quality jobs and small businesses back in South Florida, the mom and pop bakeries and small restaurants I often stop by in the mornings to grab my shot of Cuban coffee. Will our country offer them the opportunity to grow and invest? Or, will we just sit back and watch opportunity and our country diminish?
“There’s good news in the Blueprint for every Florida family. My state could see as many as 97,220 new jobs and an estimated gain in after-tax income of $4,248 per household, according to the Tax Foundation. Counties like Miami-Dade and Monroe, which I’m privileged to represent, I think especially stand to benefit given the entrepreneurial culture there.”