For us, this isn’t about slogans — it’s about millions of American families, workers, and small business owners having the opportunity for a better life. The American people and their stories are what led to our Better Way agenda two years ago, and why we kept our promises to deliver a booming economy. To learn more about how Americans are Better Off Now, visit Better.gop.
Since it’s #ThrowbackThursday, let’s take a look back on the promises we delivered on and the stories that inspired our work:
“[With tax reform] at the concept level, there are a couple of major principles at play…One, tax relief and simplification for working middle class families. If you look at the way wages have stagnated over the last twenty years, it is these folks that need help the most.” –Rep. Mark Sanford (R-SC) (September 2017)
“I recently spoke to a single father of five in Lancaster County. His ask of Congress was straightforward: a tax reform plan that means he’d get more money in his paychecks. He makes ends meet now, but it isn’t easy with five kids and he could use a little help. He’s exactly the type of person we’re trying to help with our bill — and who inspired its creation. Our reform will make the tax code simpler and more honest.” –Rep. Lloyd Smucker (R-PA) (November 2017)
- 90 percent of Americans are seeing bigger paychecks thanks to the new withholding tables under the Tax Cuts & Jobs Act.
- The average family of four received a tax cut of $2,059.
- We also nearly doubled the standard deduction to allow families to keep more of their money, doubled the child tax credit to $2,000, and provided relief from the Obamacare individual mandate.
“Reforming our tax code will also help us create jobs, stay at the forefront of innovation and remain competitive throughout the world.” –Rep. Bill Posey (R-FL) (December 2017)
“For Bob Silverman of Stellar Engineering, tax reform means new equipment, repairing broken pipes, and reinvesting the company’s earnings. He tells my office that if given the financial freedom through a lower corporate tax rate, he’d go after more opportunities that he can’t right now, and they’d hire more people. Putting it simply, Bob says, ‘Lower taxes. We can keep more. We can do more.’” –Rep. Paul Mitchell (R-MI) (October 2017)
- CNBC | US weekly jobless claims drop to the lowest level since 1969
- 3.7 million jobs have been created since November 2016, 1.3 million since the Tax Cuts and Jobs Act became law
- 642 Companies (and counting!) have given out pay raises, bonuses, or more benefits to workers, and counting
- With 6.6 million job openings as of May 2018, we have more job openings than workers to fill them.
- There were 5.75 million new hires in May 2018, which is the highest level in 17 years and the second highest on record.
- 65% of Americans say now is a good time to find a quality job
- Hispanic-Latino unemployment is at 4.6% as of June 2018, the lowest on record. And black unemployment is at 6.5% as of June 2018, the lowest in 10 years.
“I’m here at Global Precision Parts, a manufacturer of precision machine parts that employs 50 hard-working Hoosiers in Wabash, Indiana. Manufacturers like this one know our tax code is broken. They know that high rates, complex rules, and special interest loopholes are holding our economy back. And they know that the best way to keep American manufacturers competitive in the global economy is through tax reform.” –Rep. Jackie Walorski (R-IN) (March 2017)
“Simply put, the U.S. tax code punishes people for doing business in America. The U.S. business tax is the highest in the industrial world at 35 percent, 10-15 points higher than the majority of our competitors. Because of high rates, more companies are relocating overseas to countries that have lowered their tax rates to be more competitive.” – Rep. Bill Shuster (R-PA) (September 2017)
- $305 billion has been repatriated to the U.S. in the first quarter of 2018
- 95.1% of manufacturers feel positive about their own company’s outlook
- Townhall.com | The Effects of the Republican Tax Plan Summed Up in One Amazing Graph
“We want to compete and we want to sell to customers outside of the United States, we want to grow our economy, and pass on our small businesses, farms, and ranches to future generations. That’s the American dream and that’s why we are working to do tax reform on the Ways and Means Committee.” –Rep. Kristi Noem (R-SD) (February 2017)
- Business Insider | US trade deficit hits 7-month low as exports surge to a record high
“Utahns deserve to keep more of their hard-earned money. Each year, Utahns and other Americans spend billions of dollars complying with our needlessly complicated tax code.” –Rep. Rob Bishop (R-UT) (November 2017)
“Lowering rates and eliminating deductions and credits will likely result in less time and money spent on filing taxes…and a fairer tax code overall.” –Rep. Justin Amash (R-MI) (November 2017)
- Ways and Means Committee | Promises Kept: Simple, Fair “Postcard” Filing System
- Treasury | Simplification and Fairness for Hardworking Americans