Washington, DC…U.S. Sen. John Thune (R-S.D.), chairman of the Senate Republican Conference, member of the Finance Committee, and conferee on the conference committee tasked with negotiating a final tax reform bill, issued the following statement today regarding the Senate’s final passage of the Tax Cuts and Jobs Act.

“This is a historic moment for our nation. For the first time since 1986, Congress has passed a comprehensive overhaul of the tax code. Our goal with this pro-growth tax reform package was to put more money in the pockets of hardworking Americans and create a tax code that fosters economic growth. The Tax Cuts and Jobs Act achieves that goal. Next year, families across America will see their tax bills drop and take-home pay increase, and businesses will find it easier to grow their operations, hire new workers, and raise wages. This legislation brings America’s tax system into the 21st century — benefiting workers and our economy. The Tax Cuts and Jobs Act provides Americans with the relief they’ve been waiting for and ensures that America is ready to compete and win in the global marketplace.”