WASHINGTON—House Speaker Paul Ryan (R-WI) released the following statement following the introduction of the Senate’s tax reform legislation:

“I commend the Senate for introducing tax reform legislation today. This is great news—we are one step closer to delivering tax relief for American families. Both the House and Senate bills achieve the same goal: more jobs, fairer taxes, and bigger paychecks. Both bills will cut taxes, raise wages, and boost economic growth. We look forward to the Senate advancing this plan so that we can reconcile our two bills and get tax cuts enacted for American families. The time for historic tax reform is now—and we are getting the job done.”