Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on the IRS’s new withholding tables, updated to reflect the lower tax rates signed into law last year:

“The good news keeps rolling in for the American people. Following the tax reform bill that was recently signed into law, tax rates at every single income bracket are going down. Because of that, the IRS released today its new withholding tables. Once these are implemented, working Americans will see fewer taxes taken out of their wages each month and more money in their paychecks. In fact, the average family of four will see $140 more in their paycheck every single month. When these new rates are implemented, the American people should check their paychecks to see how much more of their hard-earned money they will keep.”