02.05.18

Middle Class Families Across the Country Seeing Tax Reform Benefits

‘On Thursday, another major American employer, Lowe’s, announced it will give bonuses up to $1,000 to more than a quarter-million hourly employees and expand family-friendly employee benefits like adoption assistance and paid parental leave. And the very same day, the major pharmaceutical company Amgen -- which houses a distribution facility in Louisville -- announced that tax reform is causing them to shift more of their planned investments here to the U.S., including the construction of a new,

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 across the country continue to see from tax reform: 

“In his State of the Union address last week, President Trump detailed signs that our nation’s economy is thriving under the policies of his administration and this Republican Congress. Evidence keeps piling up that good things happen when the government takes its foot off the brake and gets out of the way of American workers and job creators.

“Last week, UPS -- the largest private employer in my hometown of Louisville, Kentucky -- announced that tax reform will enable them to invest $12 billion in expanding their Smart Logistics Network, funding employee pensions, and other capital improvements. Their chairman and CEO had this to say: ‘We applaud President Trump and Congress for their bold action...Tax reform is a tremendous catalyst.’

“On Thursday, another major American employer, Lowe’s, announced it will give bonuses up to $1,000 to more than a quarter-million hourly employees and expand family-friendly employee benefits like adoption assistance and paid parental leave. And the very same day, the major pharmaceutical company Amgen -- which houses a distribution facility in Louisville -- announced that tax reform is causing them to shift more of their planned investments here to the U.S., including the construction of a new, quote, ‘next-generation manufacturing plant’ right here at home.

“Already, our historic tax reform law is giving employers the flexibility to invest more, expand more, hire more American workers, and give bonuses, pay raises, and new benefits to their employees. And already, middle-class families across the country are seeing the benefits.”

Related Issues: Economy, Tax Reform, Taxes, Middle Class