American Workers Seeing More Opportunities, Keeping More of their Paychecks
‘The U.S. economy continues to deliver good news. My home state of Kentucky is no exception. Yesterday morning, I had the opportunity to take part in the announcement of a major new investment in my hometown of Louisville. GE Appliances unveiled its plan to create 400 new jobs and to invest more than $200 million in Kentucky.’
WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the benefits Americans continue to see from the Republican pro-opportunity, pro-worker agenda:
“The U.S. economy continues to deliver good news. My home state of Kentucky is no exception. Yesterday morning, I had the opportunity to take part in the announcement of a major new investment in my hometown of Louisville. GE Appliances unveiled its plan to create 400 new jobs and to invest more than $200 million in Kentucky. They are expanding their laundry and dishwasher production facilities and upgrading their capacity for innovation.
“GE’s Appliance Park -- where nearly 6,000 currently work -- has been a manufacturing landmark in Louisville for more than six decades. The facility has meant so much to our community. At its height, it employed some 20,000 workers. However, following the sluggish economy of the last decade, the workforce had shrunk to just one-fifth of its previous strength. Yesterday’s announcement marked a step in a new direction.
“Aggressive expansion. Doubling down on American workers. It’s the same story that’s being written all over America by job creators large and small. Where did the new direction come from? What changed? Well, for one thing, the policy climate here in Washington D.C. changed. GE Appliances’ President and CEO Kevin Nolan said, quote, ‘[t]he changes in rates and favorable tax treatment of investment, and machinery, and equipment play a big role in our expansion plans.’
“More jobs for Kentuckians. More prosperity for local communities. I’d like to ask the men and women who will get one of these new jobs what they make of the fact that every single Democrat in Congress voted to block the tax reform that’s helping this happen. But Republicans got it done anyway. We delivered sweeping tax cuts for workers and families.
“And now? Thanks in part to our policies, the economy is thriving. Just last month, consumer confidence reached its highest level in eighteen years. In other words, American families are feeling better about spending and investing in their communities than they have since September 2000. In September of 2000, the Senate pages serving here on the floor hadn’t even been born yet.
“But as these young folks continue their studies and enter the workforce, they’ll be participating in an American economy with more opportunities. Where workers keep more of their hard-earned paychecks. That’s the economy Republicans had in mind when we voted to enact generational tax reform and lift the regulatory burden on innovators and job creators. And it’s the economy we’re continuing to work for -- every day.”
Related Issues: Jobs, Small Business, Tax Reform, Economy, Taxes