A proven conservative leader, Congressman Pete Sessions has combined hard work, innovative thinking, and common-sense principles to successfully serve Texas in Congress for 23-years.
Born and raised in Waco, Pete attended Waco public schools until the ninth grade, playing sports, becoming an Eagle Scout, and throwing newspapers for the Waco Tribune-Herald. Pete left Waco when his family moved to Washington D.C., where his father began his career at the Department of Justice.
As his father Bill Sessions (Baylor BA and JD) rose from the Department of Justice to U.S. Attorney, then Federal Judge and finally to Director of the FBI, he impressed upon Pete a sense of duty and integrity for all positions of public service—elected and unelected.
On December 22, 2017, the Republican comprehensive tax reform package, H.R. 1, the Tax Cuts and Jobs Act, was signed into law by President Donald Trump. As your Member of Congress, I was proud to support this bill.
For too many years, the American people were unnecessarily burdened with a complicated web of rules and regulations and mountains of paperwork. We set out to change that. According to the non-partisan Joint Committee on Taxation, Americans across every single tax bracket and income level will see their taxes fall as a result of H.R. 1. More money flowing to American families means more money flowing through our economy and more money for Americans to save.
Another unfortunate side effect of our former tax code was that it forced American jobs overseas and effectively gave companies and businesses incentives to keep their money, profits, and business in general in other countries. Up until H.R. 1 passed, our nominal corporate tax rate was one of the highest in the world. By lowering the corporate tax rate from 35 percent to 21 percent, our tax code has once again become competitive when compared to other economically advanced nations. This will help American businesses stay competitive and create millions of new jobs.
In the past, companies simply kept profits in other countries to avoid the burdensome tax rate in the U.S. H.R. 1 incentivizes those companies to bring their profits back home, and will spur billions of dollars in investment back into the country. This corporate re-investment will bring a plethora of macro-economic benefits, and it will help employ thousands of Americans.
I’m proud that my efforts to reform our tax code have led me to be the recipient of the "Spirit of Enterprise” Award from the U.S. Chamber of Commerce and the “Taxpayer Hero” award from Citizens Against Government Waste, but our work is far from over. I’m committed to continually improving our tax system, so that the government takes less of hard-working Americans’ money.
The above are just a few examples of how H.R. 1 will stimulate the US economy and create millions of new jobs. However, they are just a small snapshot of everyone who was positively affected by the bill. If you would like to share your story about how tax reform helped you, please use the following link. I look forward to hearing from you.