More than $1.5 billion in bonuses to more than two million people. 9 in 10 Americans are about to see bigger paychecks starting in a few weeks. Pro-family, pro-growth tax reform is already delivering for the American people, and we have a lot to celebrate!
As the good news keeps rolling in, House Republicans went to the House floor to touch on tax reform’s impact on their districts and states. Check that out below. And for more on our work on tax relief, visit FairandSimple.gop.
Rep. Karen Handel (R-GA):
“Thank you, Mr. Speaker. Last month, the House passed the Tax Cuts & Jobs Act. Already these pro-growth policies are having a positive impact. Businesses are making investments in operations and people.
“Thane Brooks, he operates a resource center for children with special needs in Alpharetta, Georgia. Because businesses can now immediately expense new equipment purchases, Thane is able to open a second facility to serve even more special needs children.
“Georgia-based AFLAC announced it will increase contributions to employee retirement plans. AT&T, with nearly 3,000 employees in the 6th District, gave a $1,000 bonus to non-management employees as a direct result of the tax cut bill.
“Overall more than two million workers across the country are feeling the benefits of this law through increased wages, bonuses, and more retirement dollars. And with paychecks for nearly every American set to increase in the coming weeks, there is even more good news on the horizon for American families. Thank you, Mr. Speaker. I yield back.”
Rep. Kenny Marchant (R-TX):
“Mr. Speaker, Texas businesses are putting more money in their employees’ pockets because of the Tax Cuts & Jobs Act. Companies that employ tens of thousands of my constituents in North Texas are giving bonuses to their employees, increasing investment in their operations, and donating millions of dollars to charities.
“These Texas companies are joining thousands of others across the country and doing the same for their workers. They are growing the American economy because of tax reform….these reforms provide tax relief at every income level and help Americans and American businesses succeed in the future. Thank you and I yield back.”
House Republican Conference Chair Cathy McMorris Rodgers (R-WA):
“Thank you, Mr. Speaker. I rise today to celebrate a promise kept to the American people: bigger paychecks for two million people and counting.
“Because of the Tax Cuts & Jobs Act pay increases for 90 percent of American workers are coming in February. For families in Eastern Washington and across the country, many living paycheck to paycheck who have felt left behind, this is a big deal.
“Imagine being that single mom, who wakes up every day, takes her kids to school, goes to work and shops in downtown Spokane. For her a bigger paycheck will mean she’ll have more money in her pocket every single month. If she wants, she’ll be able to save a little bit more so she can go back to school, buy a car, even throw a little into her kids’ lunch box.
“Mr. Speaker, the hardworking men and women of this country have been waiting for a fighting chance to get ahead and that’s what this Tax Cuts & Jobs Act is delivering. And I invite all Americans to learn more at fairandsimple.gop.”
Rep. Steven Palazzo (R-MS):
“Mr. Speaker, I rise today to talk about the benefits that many Americans are already seeing from the Tax Cuts & Jobs Act. After hearing leaders of the Democratic party call $1,000 ‘crumbs,’ I wanted to make sure my colleagues on the other side of the aisle understood that our tax reform and relief plan is more than just ‘crumbs’ to over two million Americans.
“Immediately following the passage of the Tax Cuts & Jobs Act, we saw an outpouring of businesses offering bonuses to employees and some even increasing their wages. This money was instantly invested back into American workers.
“I’d like to see one of my colleagues from the other side of the aisle come to Mississippi and see the response they get after they tell the Levins and Ladners in Saucier, Mississippi that $1,000 is only ‘crumbs.’ I can promise you they’d only say it once.
“As we go into 2018, I will continue highlighting real stories of Mississippi businesses that are benefitting from our new tax code. Mr. Speaker, I yield back.”
Rep. Doug LaMalfa (R-CA):
“Mr. Speaker, we heard last week about $1,000 being “crumbs.” That the Tax Cuts & Jobs Act doesn’t really mean anything for normal American people. Well, where I come from, this means a lot to people…that’s real money to real people. Maybe not in San Francisco, but in my district and a lot of places in this country.
“The Tax Cuts & Jobs Act is working. These dollars are coming home. I just read today where Apple’s going to repatriate billions of dollars and pay $38 billion of new taxes because they see a fair tax rate and they want to come back and re-invest in America once again.
“$38 billion to the economy that may not have come back home, because now we have a tax rate that is friendly to the people that provide jobs and make the economy happen in this country.
“Mr. Speaker, you know, I don’t know anybody that would step over $1 instead of stop and pick it up. These aren’t crumbs on the ground — these are things that make America strong again, our economy go again, not just merely crumbs that elitists in San Francisco or coastal communities in California think doesn’t mean anything.
“We’re on the right track with this. Americans, the Tax Cuts & Jobs Act will mean more for you and your pocketbook, lower taxes for you, and more jobs…Mr. Speaker, I yield back.”
Rep. Jason Lewis (R-MN):
“Mr. Speaker, It’s only been a few weeks since Congress passed the historic tax reform bill, but I’m afraid it’s got to be very tough for the opponents and our friends across the aisle. Because, well, you have to wonder at some point don’t they tire of being wrong so often?
“You might recall some claim, before we passed the bill, that it would raise taxes on the middle class, yet the majority of Americans will now see a tax decrease. In fact, the average family of four in Minnesota’s 2nd District, which I’m proud to represent, will see a tax cut of $3,154.
“Then, they claim that reducing taxes on business would never benefit Americans but employers have already responded by giving a combined total of $1 billion in bonuses and wage increases to their employees. That equates to over a million Americans (and counting!) getting a bonus.
“Finally, they said the Tax Cuts & Jobs Act would never jump start economic growth. Well now, after two quarters of well over 3 percent growth approaching 4 percent, it’s as if the opponents of the tax reform bill are left telling the American people ‘are you going to believe me or your own eyes?’
“The fact of the matter is: our opponents rely on hyperbole, but the facts speak for themselves. I yield back.”
Bonus: A Committee Speech!
House Financial Services Committee Chair Jeb Hensarling (R-TX):
“2017 was also a fruitful year for America’s economy, with the stock market up more than 20%, back-to-back quarters of 3 percent growth – something we have not seen in quite some time – 1.8 million jobs created, and more than $5 trillion of new wealth created.
“And all of that was before the President signed The Tax Cut & Jobs Act into law.
“This historic legislation – which overhauled America’s tax code and delivered historic tax relief to all people of all walks of life – will benefit hardworking individuals, families, and job creators while providing economic growth for all.
“Indeed, before the ink was dry on the President’s signature, we began to see the benefits of this legislation.
“Fifth Third Bancorp is giving its employees a $1,000 bonus and raising its minimum wage to $15 an hour, which alone will increase paychecks for nearly 3,000 workers.
“Navient is giving $1,000 bonuses to all non-officer employees, which is 98 percent of its total workforce.
“Fiat Chrysler announced a $1 billion investment to revamp its Michigan assembly plant, the addition of 2,500 new jobs, and a $2,000 bonus to 60,000 U.S. workers. Once again, all courtesy of the tax plan.
“Nephron Pharmaceuticals and Nexus are both giving their employees a 5 percent wage increase.
“PNC Bank is giving $1,000 bonuses to its employees and $1,500 increase to workers’ existing pension accounts.
“Washington Federal is giving all employees earning less than $100,000 a 5 percent wage increase. This is making a real difference in the lives of working Americans.
“Wells Fargo is increasing its minimum wage to $15 an hour.
“And my local hometown companies of AT&T and American Airlines are giving employees a $1,000 bonus.
“Walmart – the nation’s largest retail employer – is increasing its minimum wage to $11 an hour, expanding its maternal and paternal leave benefits, and providing bonuses to its employees. Again, all courtesy of the Republican tax plan signed into law by President Trump.
“These are just a fraction of the companies across the country that are rewarding their employees because of tax relief they will receive—and the list grows every day. In addition to the bonuses and increased wages employers are providing, the Treasury Department announced last week that an estimated 90 percent of American workers will see a boost in their take home pay starting in February. Let me repeat that, according to Treasury, 90 percent of all American workers will now see a boost in their take home pay starting in February as the tax tables are changed.
“Now, while this may be considered ‘crumbs,’ or ‘pathetic’ to some, it is real money to the nearly half of Americans who are literally living paycheck to paycheck and have, at best, a $400 cushion.”