For American Workers: Tax Reform Benefits Speaking For Themselves
‘Today, unemployment is at its lowest level in over a decade. According to Gallup, the American people are more optimistic about their job prospects than they have been for 17 years. And just yesterday, the Dow Jones closed above 26,000 for the first time in history. The engine of American free enterprise is the American people. And when government gets out of their way, and helps provide the conditions for growth, good things happen.’
WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks on the Senate floor regarding the benefits Americans are seeing across the country thanks to the Tax Cuts and Jobs Act:
“Saturday will mark one year since President Trump’s inauguration. A year spent working with Republicans to roll back runaway regulations, stand up for veterans, fund our troops, strengthen national security and pass once-in-a-generation tax reform.
“Today, unemployment is at its lowest level in over a decade. According to Gallup, the American people are more optimistic about their job prospects than they have been for 17 years. And just yesterday, the Dow Jones closed above 26,000 for the first time in history. The engine of American free enterprise is the American people. And when government gets out of their way, and helps provide the conditions for growth, good things happen.
“Just yesterday, Apple – the highest-valued public company in the world – announced plans to create more than 20,000 new jobs and invest $30 billion in new capital here in the U.S. And, as a direct result of tax reform, Apple will pay special bonuses worth $2,500 to employees and begin to repatriate the $250 billion in cash they have been holding overseas.
“Let me repeat that: Billions and billions of dollars are coming back to America because Republicans passed historic tax reform and gave us a twenty-first-century tax code. This will have an impact not just in Silicon Valley, but all across the country. In Harrodsburg, Kentucky, Corning, Inc. employs hundreds of people in a high-tech facility. It partners with Apple to manufacture the special glass used in iPhones and iPads.
“Republicans in the House and the Senate passed tax reform without a single Democratic vote. Though I certainly hope our friends across the aisle will celebrate the new jobs in their states and the new opportunities that are already being created for their constituents. We know that when Washington gets out of the way, American workers and job creators can do what they do best. The results are already speaking for themselves.”
Related Issues: Tax Reform, Jobs, Taxes, Economy
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