“This historic opportunity could not have been possible without Bill’s leadership.”- Sen. Kennedy
WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) issued a statement commending Sen. Bill Cassidy’s leadership and efforts on H.R. 1, the Tax Cuts and Jobs Act. Sen. Cassidy is a member of the Finance Committee which crafted the Senate’s version of the tax bill. As such, Sen. Cassidy was in a unique position to shape the bill from inception. Out of the entire Louisiana congressional delegation, only Sen. Cassidy sits on a tax authorizing committee. Under current estimates, Louisiana will receive an additional $100 million in revenue under the Gulf of Mexico Energy Security Act until 2020 and 2021. This will allow our state to invest in priorities such as coastal restoration and hurricane protection.
“Senate Finance Committee member Dr. Bill Cassidy worked tirelessly to ensure that Louisiana priorities were secured in H.R. 1, the Tax Cuts and Jobs Act,” said Sen. Kennedy. “Louisiana stands to receive millions of dollars in additional revenue for coastal restoration and hurricane protection because of Sen. Cassidy and the entire Louisiana congressional delegation. The entire state of Louisiana owes them great gratitude.”