New Growth, Increased Opportunity Across America Thanks to Tax Reform
‘Because it’s Republican policies that are helping generate this success, our friends across the aisle want to deny reality and ignore the obvious improvements for workers, families, and job creators. Fortunately, the facts are the facts. Americans know success when they see it. And Republicans will keep fighting to unleash more prosperity for the middle class.’
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:
“Day after day, week after week, more evidence piles up that Republicans’ overhaul of the U.S. tax code is igniting new growth and increasing opportunity across the nation. Here’s what tax reform means to middle-class Floridians: It means thousand-dollar bonuses for all 26 employees at Spellex Corporation, a software company in Tampa. It means an 11 percent increase in the base wage at a bank with more than 600 locations across Florida.
“At a Miami brewery, it meant the flexibility to purchase $100,000 in new capital equipment and hire two additional employees. For the customers of Florida Power & Light, it meant a lower monthly bill. The utility had planned to implement a new surcharge for rebuilding after Hurricane Irma. But tax reform let them cover the costs for the entire rebuilding themselves and keep that added burden off Floridians’ shoulders.
“Just a few of the ways tax reform is helping jump-start prosperity up and down the state of Florida. Florida’s junior senator, Senator Rubio, voted to pass this once-in-a-generation law. It’s too bad his colleague, the senior senator from Florida, stood with every single Democrat in the House and the Senate and tried to block these tax cuts from reaching the American people. He preferred that more of middle-class families’ money remain with the IRS. I’d call that a curious decision.
“Perhaps our Democratic colleagues don’t quite understand the importance of a thriving economy. We recently heard some revealing comments from the House Democratic Leader. Here’s what she said: ‘Hip hip hooray, unemployment is down. What does that mean to me and my life?’
“Unemployment as low as it’s been since 1969. Soaring confidence from consumers and small businesses. More job openings than Americans looking for work for the first time in at least 20 years. No big deal, say our Democratic colleagues. Nothing to see here. Do they really think an outstanding job market doesn’t matter to American families? Well, that might help explain their voting record on tax reform and other issues. But I suspect this is just partisanship.
“Because it’s Republican policies that are helping generate this success, our friends across the aisle want to deny reality and ignore the obvious improvements for workers, families, and job creators. Fortunately, the facts are the facts. Americans know success when they see it. And Republicans will keep fighting to unleash more prosperity for the middle class.”
Related Issues: Economy, Tax Reform, Taxes, Middle Class