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Currently showing results related to Small Business
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
02.09.18
Tax Reform Delivers Real Results
Tax Reform 'Has Put Money Back Into My Business, Into My Hometown, Into My Region, Into My Employees' Pensions And 401k' 'If You're A Family Of Four, It's Not Crumbs. $1000 Is A Lot Of Money' "'It's bigger than crumbs like the politicians were saying... It's bigger than crumbs,' says Mark Guilbeau of Lafayette [Louisiana]. And they're already making plans for what to do with it. 'I plan to pay down some credit card debt,' says Guilbeau." ("New Tax Withholding Guidelines Means Higher Paychec… 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
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
01.18.18
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
12.21.17
‘Bonuses To Hundreds Of Thousands Of Workers After Tax Bill’
AT&T, Comcast, Fifth-Third Bank, Wells Fargo, & Boeing Immediately Announce Plans To Raise Wages & Benefits For Their Workers "AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill" ("AT&T, Comcast Giving $1,000 Bonuses To Hundreds Of Thousands Of Workers After Tax Bill," CNBC, 12/20/2017) COMCAST: "Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced th… Continue Reading
12.20.17
‘Undeniable Math’
'Most People Are Going To Pay Less' In Federal Income Taxes TAX EXPERTS: 'Most People Are Going To Pay Less' "…the undeniable math is that most people are going to pay less." ("The Daily 202: The Tax Bill Is Likely To Become More Popular After Passage. Here's How Republicans Plan To Sell It.," The Washington Post, 12/20/2017) JOINT COMMITTEE ON TAXATION Non-Partisan TAX FOUNDATION: 'We've Run The Taxes Of Eight Example Households… Our Results Indicate A Reduction In Ta… Continue Reading
12.18.17
A ‘Massive Victory’ For The American People
Sen. Enzi: 'This Is Legislation Designed To Help People At Every Level' PRESIDENT TRUMP: "This is going to be one of the great gifts to the middle-income people of this country that they've ever gotten for Christmas." ("With Their Tax Bill, Republicans Prepare For A Long-Awaited Win," CNN, 12/28/2017) 'The Kind Of Herculean Lift Many Doubted Congress Could Pull Off' "Republicans are on the brink of passing a nearly $1.5 trillion tax overhaul, and at this point, it looks like nothing can sto… Continue Reading
12.13.17
Tax Reform ‘On The Cusp Of A Historic Moment’
PRESIDENT TRUMP: 'We're Very, Very Close To A Historic Legislative Victory' REP. BRADY: 'We're Coming Together As A Conference Committee With One Singular Mission In Mind - Finalizing The Tax Cuts And Jobs Act, And Delivering Transformational Tax Reform' PRESIDENT TRUMP: "…I want to thank the incredible members of the House and the Senate, who have been working so hard. We're very, very close to a historic legislative victory, the likes of which rarely has this country seen. I think I… Continue Reading
12.12.17
Manufacturers Bullish On Tax Reform
'Manufacturers Are Saying Loudly And Clearly That More Jobs, Better Pay And Manufacturing Growth Are On The Horizon' "The National Association of Manufacturers said Monday its latest quarterly CEO survey reflects historically high optimism on expectations for the passage of tax reform in Washington. The trade group said CEO optimism - hitting a high mark in 20 years of the survey - should send a message to legislators that failure to enact the bill would be a blow to American business." ("Man… Continue Reading
12.08.17
Ready To Finalize Tax Reform Legislation
Senate Conference Committee Members Work To 'Send A Final Bill To The President's Desk' And 'Provide Relief To Families And Small Businesses' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "Last week, Senators answered the calls of our constituents by voting to overhaul our complex and outdated federal tax code. We seized the opportunity to spur economic growth, to help create jobs right here at home, and to take more money out of Washington's pocket and put more money into the pockets of hardw… Continue Reading
12.07.17
Tax Reform: ‘Good For The Middle Class’
Sen. Rounds: 'The Tax Reform Bill … Takes Meaningful Steps To Reform Our Tax Code In A Manner That Will Allow Businesses To Flourish Again And Families To Keep More Of Their Hard-Earned Dollars' SEN. MITCH McCONNELL (R-KY): "For many Americans the legacy of the Obama economy is sluggish growth, stagnant paychecks and missed opportunities. A lost generation of workers still struggle with the consequences of the Great Recession and find it nearly impossible to get ahead. One of the biggest… Continue Reading
11.30.17
100+ Economists Laud Pro-Growth Tax Reform
Estimate A Gross Domestic Product (GDP) Boost Of 'Between 3 And 5 Percent' ECONOMISTS: 'Economic Growth Will Accelerate If The Tax Cuts And Jobs Act Passes, Leading To More Jobs, Higher Wages, And A Better Standard Of Living' 137 Economists: "'Ask five economists,' as the Edgar Fiedler adage goes, 'and you'll get five different answers.' Yet, when it comes to the tax reform package aimed at fixing our broken system, the undersigned have but one shared perspective: Economic growth will accele… Continue Reading
11.29.17
‘Tax Reform Our Economy Desperately Needs’
Economists, Manufacturers & Retailers Associations: Tax Reform 'Will Yield More Jobs And Higher Wages' MANUFACTURERS & RETAILERS: 'Passing Historic Tax Reform Would Deliver … Immense Benefits To U.S. Workers' JAY TIMMONS, President and CEO, National Association of Manufacturers, and MATTHEW SHAY, President and CEO, National Retail Federation: "[W]e have brought together two of the largest sectors of America's economy - manufacturing and retail - to help our elected leaders seize… Continue Reading
11.20.17
Targeting Inversions: ‘This Is A Really Big Deal’
Tax Reform 'Would Do Far More To Stop Corporate Tax Gaming Than Anything The Obama Administration Did In Eight Years' SEN. ROB PORTMAN (R-OH): "I think there is a consensus, at least in the real world, about the fact that our current tax code is hopelessly broken, and we have to fix it, and if you're against helping our companies stay American companies, that must mean that you believe that they ought to become foreign companies, which is exactly what's happening. … Ernst and Young, whi… Continue Reading
11.16.17
Job Creators: Senate Tax Plan Will ‘Energize Our Nation’s Economy’
'Momentum Is Building For Historic Tax Reform… That Lifts Everyone Up And Leaves No One Behind,' 'We Can Revitalize The Job Market And Reinvigorate Local Economies' 'Tax Reform Is Vital,' 'This Is A Proposal That Would Cut Taxes, Create Jobs And Energize Our Nation's Economy' JAY TIMMONS, National Association of Manufacturers President and CEO: "Momentum is building for historic tax reform, and the Senate's bold vision takes us one step closer to victory-to a plan that lifts everyone … Continue Reading
10.26.17
15 CRAs: Draining The Regulatory Swamp
Continuing The 'Most Ambitious Regulatory Rollback Since Reagan,' Congress Scraps Another Bureaucratic Rule FIFTEEN: Overturning A Rule That Could Have Meant Higher Credit Card Rates And 'A Bonanza For Trial Lawyers' SEN. MIKE CRAPO (R-ID), Senate Banking, Housing, and Urban Affairs Committee Chairman: "[T]he entire purpose of this rule is to promote class action litigation and to stop arbitration resolution when there is a dispute…. The CFPB failed to demonstrate that consumers will… Continue Reading
10.20.17
Budget Passage ‘A Major Step Forward’ ‘To Overhaul The Tax Code’
SEN. MIKE ENZI (R-WY): "This budget resolution is the first step to pro-growth tax reform, as it will provide the fiscal headroom needed for the tax-writing committees in the Senate and the House to produce tax reform legislation… Hardworking families deserve a system that works for everyone in order to provide higher wages and more jobs. Pro-growth tax reform can help U.S. businesses and their workers compete in the global marketplace, spur investment and job growth here at home, and fr… Continue Reading
10.03.17
‘A Historic Opportunity’ For Tax Reform
'The Republican Tax Reform Plan Will Turbo-Charge The Economy' 'The Framework Released Today Represents A Transformation Of America's Tax Code And Would Help The Middle Class' DAVID WILLIAMS, Taxpayers Protection Alliance President: "…a pro-growth tax code that will transform the American economy. The four million wordlong tax code strangles individuals, entrepreneurs and businesses alike in billions of dollars in compliance costs. …the comprehensive tax overhaul in 1986 demons… Continue Reading
09.29.17
Tax Reform: ‘Getting America Going Again And Growing Again’
Senate GOP: 'The Reason We Want This Tax Code Changed Is To Put People Back To Work And To Change Lives Here In America' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "It's time to take more money out of Washington's pockets, and put more of it in the pockets of Americans." (Sen. McConnell, Press Release, 9/27/2017) SEN. McCONNELL: "To summarize what this is about, it is about getting America going again and growing again. Providing jobs and opportunity here rather than overseas. Providin… Continue Reading
