Americans Keeping More of their Paychecks Thanks to Republican Tax Reform Law
‘Monday is “Tax Day.” It’s not exactly a time many of us look forward to. But this year marks the first time Americans are filing under the new Republican tax reform law that’s helped them keep more of their paychecks and has helped create the outstanding opportunity economy we see today.’
WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) made the following remarks on the Senate floor regarding the benefits Americans continue to see from the Republican pro-opportunity, pro-worker agenda:
“Now, on a completely different matter, for some time now, my colleagues and I have been speaking out about Democrats’ parade of fantastical new proposals. Plans to spend unprecedented sums of Americans’ money in order to seize unprecedented control over Americans’ lives.
“Just a couple weeks ago, the Senate voted on the so-called ‘Green New Deal.’ It was Washington Democrats’ plan to power down the U.S. economy and have the federal government intrude on basically every economic transaction and personal life choice in radically unprecedented ways.The specifics of the proposal -- limited as they were -- painted enough of a picture for outside experts to roughly estimate the price tag at as much as $93 trillion.
“More money than the federal government has spent in its entire history, in exchange for the systematic dismantling of American prosperity. The abolition of the most affordable and plentiful domestic energy resources available to American families. And a hog-tied American economy that our competitors would leave in the dust.
“It should come as no surprise that, for the sequel, we hear that Senate Democrats may soon officially introduce their proposed Washington D.C. takeover of health insurance – the plan I call ‘Medicare for None.’ It’s a fitting name for a proposal that would gut the Medicare program as American seniors know it, reuse the label on a new, government-run, one-size-fits-all arrangement, and remove 180 million Americans from the private insurance they’ve chosen in order to funnel them into a system without choice.
“What’s especially ironic, is that my Democratic colleagues are choosing to agitate for this pivot toward socialism during this particular economic period. This particular moment, with more job openings than Americans looking or work for the first time since record-keeping started. When we’ve seen unemployment reach a 49-year low and wages grow faster than they have in nearly a decade. The kind of economy where a single mom in Mississippi says, quote, ‘It’s amazing that I’m getting paid almost $20 an hour to learn how to weld.’
“The kind of economy where garage door installers in Nevada say they’re literally afraid to let potential new hires walk out the door because American workers are in such high demand. And let’s remember, this transformation is being helped along by a set of Republican ideas and policies that are the polar opposite of what our Democratic friends are now calling for.
“Here’s how Republicans’ pro-growth, pro-opportunity policies helped get us where we are. By encouraging job creators to invest here at home, instead of penalizing success. By recognizing that working families know best how to spend their paychecks, not Washington. By creating the conditions for an economic surge that touches every corner of America. And now, the entire country is reaping the benefits. This isn’t like the last administration, where 75 percent of the new jobs and 90 percent of the population growth flowed only into the very largest metro areas. This time, it’s an all-American comeback, and all kinds of communities are benefitting. More jobs, more opportunities, more growth in pay.
“Monday is ‘Tax Day.’ It’s not exactly a time many of us look forward to. But this year marks the first time Americans are filing under the new Republican tax reform law that’s helped them keep more of their paychecks and has helped create the outstanding opportunity economy we see today. Democrats may be working overtime to bring this bright chapter to an end. But over here, on this side of the aisle, we’ll keep fighting to make sure this is still just the beginning of these brighter days for the American people.”
Related Issues: Tax Reform, Jobs, Economy, Taxes