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Currently showing results related to Tax Reform
Dems: ‘We Could Take Some Of That Money’
Senate Democrats Propose Clawing Back Americans' Bonuses, Pay Raises, & New Jobs SEN. MITCH McCONNELL (R-KY): "Just yesterday, Senate Democrats announced they'd like to spend a trillion dollars of taxpayer money -- and to try and pay for some of it, they want to roll back Americans' brand-new tax cuts while they're at it. There they go again. Tax more. Spend more. Take money away from American families and give it to the federal government." (Sen. McConnell, Floor Remarks, 3/8/2018) SEN.… Continue Reading
03.07.18
Tastes Great. Less Taxes.
'Ecstatic' Local Brewers On Tax Reform Savings: 'It's Hard To Overstate How Dramatic This Is To Us,' 'This Act Went Straight To Our Staff' "Toasting the nation's booming economy, alcoholic-beverage producers - from craft beer brewers to large whiskey distilleries - are taking advantage of a big tax cut. The federal excise tax on spirits, wine and beer has been slashed through 2019 under the Craft Beverage Modernization and Tax Reform Act, which supporters say will allow owners to pour those … Continue Reading
03.06.18
Tax Reform: Good News For Americans’ Retirement
Companies Across America Announce 'New U.S. Tax Legislation, Has Enabled Us To Increase Our 401(K) Match' For Our Employees SEN. MITCH McCONNELL (R-KY): "Every day, we hear of more ways that tax reform is immediately helping American workers, job creators, and middle-class families across the nation. But this generational reform was not designed to be a flash in the pan. We're already seeing ways it will continue to benefit hard-working Americans years, even decades, down the road. Along with b… Continue Reading
02.28.18
‘Real, Tangible Benefits from Tax Reform’
Senate Republicans Hear From Small Business In States Across America SEN. MITCH McCONNELL (R-KY): "…it's been just over two months since this united Republican government delivered historic tax reform to middle-class families across America. So how's it working? We've all seen the national news: Walmart is giving raises or new benefits to more than a million hourly workers. Boeing is investing $300 million in workforce development and corporate giving. Apple is bringing hundreds of b… Continue Reading
02.22.18
More Tax Reform Bonuses Keep Rolling Out
More Money In Your Pocket HORMEL FOODS CORP.: "Hormel Foods Corp. this morning announced that it plans to use savings from the federal Tax Cuts and Jobs Act to award stock options to its employees and raise starting wages to $13 an hour. Hormel announced the new employee benefits as part of a first-quarter earnings report. … Hormel stated that the Tax Cuts and Jobs Act signed by President Donald Trump in December saved the Fortune 500 company $63 million in the first quarter of the year,… Continue Reading
02.15.18
Tax Reform: Good News For American Families
'Tax Credit To Encourage Employers To Offer Workers Up To 12 Weeks Of Paid Family Leave' Included In Landmark Tax Reform Bill SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "[T]hanks to the tireless work of my colleague from Nebraska, Senator Fischer, the Tax Cuts and Jobs Act encourages more employers to provide paid family leave. That's good news for the millions of American families that will welcome a child this year. My Democratic colleagues like to speak about the importance of paid le… Continue Reading
02.13.18
Tax Reform: Lower Power Bills
Families Across the Country Will Pay Less As Utilities Pass On Tax Reform Savings to Consumers SEN. MITCH McCONNELL (R-KY): "…[In] states, from Montana to Massachusetts to my home state of Kentucky, utilities are planning to directly pass along their savings by cutting consumers' monthly bills." (Sen. McConnell, Floor Remarks, 2/13/2018) From Kentucky To Missouri To Vermont, Americans Will Be Saving On Their Utility Bills KENTUCKY: "Customers of Louisville Gas and Electric Company an… Continue Reading
02.06.18
Economic Opportunity Zones: ‘A Huge Deal’
'A Plan To Help Distressed America' In The Recently-Passed Tax Reform Law SEN. TIM SCOTT: 'Opportunity Can Truly Be The Difference That Changes The Course Of One's Life' SEN. TIM SCOTT (R-SC): "These are private sector dollars coming into distressed communities, where 50 million Americans live, that will provide long-term opportunities to transform communities and the people who live in there - everything from workforce investment to better education, to businesses being attracted into these… Continue Reading
02.05.18
Tax Reform: ‘Investments Will Create New Jobs’
Companies Announce New U.S. Manufacturing Plants And Billions In Investments That 'Will Create New Jobs' UPS 'Will Invest An Additional $7 Billion,' 'Our Investments Will Create New Jobs' "UPS today announced more than $12 billion in investments to expand the company's Smart Logistics Network and significantly increase pension funding …" (UPS, Press Release, 2/01/2018) "The company plans to raise future capital spending above its previously committed six-to-seven percent of annual … Continue Reading
01.30.18
Improving The Lives Of The American People
The Major Accomplishments Of The 115th Congress SEN. MITCH McCONNELL (R-KY): "When President Trump delivers his State of the Union address, he will have outstanding news to share. After a decade of sluggish growth and stagnant paychecks, our country is back on the right track. Optimism is sweeping across the country, and the economy is finally gaining momentum. The Trump administration has worked with the Republican Congress to improve the lives of the American people. … Republicans have… Continue Reading
01.25.18
Tax Reform Is Working For Kentucky
Sen. McConnell: 'Every Day, More Evidence Piles Up That Tax Reform Is Already Working For The American People' SEN. MITCH McCONNELL (R-KY): "Every day, more evidence piles up that tax reform is already working for the American people. The headlines are full of major employers announcing worker pay raises, bonuses, and new investments. For example, Brown Forman - a global spirits company headquartered in Louisville that employs more than 1,000 Kentuckians - announced yesterday that tax reform wi… Continue Reading
01.24.18
Tax Reform: ‘A Rising Tide Of Economic Optimism’
Tax Reform Bonuses Now Available In Ventis SEN. MITCH McCONNELL (R-KY): "The rising tide of economic optimism I have been highlighting on the floor is not showing any signs of subsiding. Yesterday alone, three of the nation's largest companies announced major new investments in the U.S. economy and workforce. Each said their decisions were made possible by the improved business climate created by the landmark tax code overhaul that Congress passed last year. … And just this morning, Star… Continue Reading
01.23.18
For American Workers Tax Reform Continues To Deliver
For American Workers At Disney, JPMorgan, Verizon And Many Others The 'Good News About Last Month's Historic Tax Reform Law Continues To Pile Up' SEN. MITCH McCONNELL (R-KY): "While the press was focused on the unfortunate lapse in government funding, the good news about last month's historic tax reform law continues to pile up. The number of Americans preparing to receive pay raises, special bonuses, and other benefits thanks to the historic tax cuts passed last month continues to grow. And th… Continue Reading
01.18.18
Tax Reform: More Than Two Million Workers Have Already Benefited
SEN. MITCH McCONNELL (R-KY): "Already, for weeks, we've seen special bonuses, pay increases, and other tax reform benefits delivered to workers across the nation. These immediate benefits are just the first fruits. Tax reform is also planting the seeds of long-term wage growth and job creation by making America a more attractive place for entrepreneurship and investment." (Sen. McConnell, Floor Remarks, 1/17/2018) SEN. McCONNELL: "In fact, I am proud to announce that earlier today, I spoke wi… Continue Reading
01.11.18
Tax Reform: Benefits Aplenty For Workers
Walmart Becomes The Latest Major American Company To Announce Worker Benefits Due To Tax Reform Changes Due To Tax Reform Will 'Benefit More Than 1 Million U.S. Hourly Workers' At Walmart WALMART: "Today, Walmart announced plans to increase the starting wage rate for all hourly associates in the U.S. to $11, expand maternity and parental leave benefits and provide a one-time cash bonus for eligible associates of up to $1,000. The company is also creating a new benefit to assist associates wi… Continue Reading
01.10.18
Tax Reform: Lower Utility Rates
'Regulators From Montana To Kentucky Have Ordered Utilities To Act Now To Ensure Ratepayers Share In The Windfall From The Tax Bill' SEN. MITCH McCONNELL (R-KY): "All around the country, utility companies that will benefit from our new tax cuts are already discussing plans to pass their savings on to consumers. Major power companies in Illinois, Maryland, and Massachusetts are already proposing plans to give their customers tens of millions of dollars in relief by lowering the rates they charge… Continue Reading
01.09.18
Tax Reform: Americans Already Seeing Benefits
1,000,000 Plus American Workers And Counting Receiving Bonuses & Wage Hikes Major Companies In Multiple Industries Have Announced Bonuses And Wage Hikes For American Workers WELLS FARGO: With 250,000 plus employees "Wells Fargo, meanwhile, also said it would be boosting its minimum wage for employees to $15 an hour. The bank alsopo said it would target $400 million in donations to community and nonprofit organizations next year." ("Wells Fargo, Fifth Third Bancorp Unveil Minimum Wage Hikes… Continue Reading
01.05.18
Tax Reform: More Money In Your Pocket
Growing List Of Growing List Of Employees Receiving Bonuses & Wage Hikes AMERICAN AIRLINES GROUP & SOUTHWEST AIRLINES: "No. 1 U.S. airline American Airlines Group Inc … and peer Southwest Airlines Co … on Tuesday said they would give their employees a $1,000 bonus in light of the recent tax reform bill." ("American Airlines, Southwest Employees To Get Bonus After Tax Reform," Reuters, 1/2/2018) "American Airlines will distribute the bonus to each team member… The… Continue Reading
01.03.18
‘This Is Actually Happening’
Millions In Bonuses For More Than 500,000 American Workers Have Already Been Announced Across America: Bonuses, Raises, Increased 401(K) Contributions & Improved Benefits AMERICAN AIRLINES GROUP & SOUTHWEST AIRLINES: "No. 1 U.S. airline American Airlines Group Inc … and peer Southwest Airlines Co … on Tuesday said they would give their employees a $1,000 bonus in light of the recent tax reform bill." ("American Airlines, Southwest Employees To Get Bonus After Tax Reform… Continue Reading
12.21.17
Senate Democrats: Penalizing Poor Students
'The Junior Senator From Vermont And His Allies Have Chosen To Make It Harder For Low-Income Students To Earn A College Degree' SEN. MITCH McCONNELL (R-KY): "The junior Senator from Vermont and his allies have chosen to make it harder for low-income students to earn a college degree. This is especially hypocritical coming from the man who claims to support free college for all. I'm at a loss for words. I don't understand how they can claim to fight for students in one moment, and then make it h… Continue Reading
