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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
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
12.20.17
Tax Reform To Repeal The Individual Mandate Tax
Individual Mandate Repeal 'A Tax Cut For Low-Income Americans' "The tax bill would repeal ObamaCare's individual mandate, a major accomplishment for Republicans in chipping away at the health-care law." ("Week Ahead: GOP Poised To Repeal Obamacare Mandate," The Hill, 12/18/2017) "The tax bill that looks like it's about to become law would strike a blow to a fundamental part of Obamacare. … The bill would repeal the individual mandate, the provision in the ACA that requires individuals t… Continue Reading
12.19.17
ANWR: ‘This Year Is Different’
SEN. MURKOWSKI: 'The Economic Benefits Will Be Substantial, Our National Security Will Be Strengthened' SEN. MITCH McCONNELL (R-KY): "There is one more element of this bill that deserves special attention. It provides the nation, and particularly the people of Alaska, with a tremendous opportunity to develop the state's bountiful natural resources. In 1980, Congress set aside a particular non-wilderness area within Alaska's National Wildlife Refuge for potential development of its oil and gas r… 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
‘China Fears The Tax Changes Could Make The U.S. A More Attractive Place To Do Business’
'In The Beijing Leadership Compound Of Zhongnanhai, Officials Are Putting In Place A Contingency Plan To Combat Consequences For China Of U.S. Tax Changes…' 'Beijing Fears The Tax Changes Could Make The U.S. A More Attractive Place To Do Business' "Beijing fears the tax changes could make the U.S. a more attractive place to do business and, combined with expected higher U.S. interest rates, sap investment from China." ("U.S. Tax Plan Draws Attacks Abroad…" The Wall Street Journ… 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
12.04.17
‘Historic Tax Relief’
Senate Republicans 'Passed The Most Sweeping Tax Rewrite In Decades' 'Taking A Big Step Toward … [A] Major Legislative Triumph' PRESIDENT TRUMP: "We're now one huge step closer to delivering to the American people … historic tax relief …" (President Trump, "Remarks by President Trump on Antiquities Act Designations," 12/04/2017) SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "We have an opportunity now to make America more competitive, and to keep jobs from being shippe… 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
‘Reducing Taxes For The Middle Class’
The Senate 'Finance Committee Plan Cuts Tax Rates Across The Board' 'Laser-Focused… On Reducing Taxes For The Middle Class' SEN. ORRIN HATCH (R-UT): "[W]e have been laser-focused… on reducing taxes for the middle class. And that is exactly what this bill will do." (Sen. Hatch, Press Release, 11/10/2017) FINANCE COMMITTEE: "The Finance Committee plan cuts tax rates across the board. The proposal also repeals a number of tax credits and benefits that predominantly benefit wealthy … Continue Reading
