Tax Reform Benefits For American Workers

‘Just yesterday, I was pleased to announce that Humana – which employs more than 12,000 Kentuckians – is accelerating pay incentives and increasing its minimum hourly wage because of tax reform. The good news keeps coming. Toyota and Mazda are doubling down on existing investments in the U.S., announcing plans to create 4,000 new jobs in Huntsville, Alabama. The world is noticing that America is open for business. And in large part, it’s because we have shaken off an outdated, burdensome tax code.’ 

 

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:

“Another wave of economic optimism is breaking across America after last month’s historic tax reform legislation. 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.

“We learned last week that the automaker Fiat-Chrysler is renewing production lines in America, where prohibitive business taxes once stood in the way. Now 2,500 new jobs are coming to Detroit, thanks to tax reform. Just yesterday, I was pleased to announce that Humana – which employs more than 12,000 Kentuckians – is accelerating pay incentives and increasing its minimum hourly wage because of tax reform.

“The good news keeps coming. Toyota and Mazda are doubling down on existing investments in the U.S., announcing plans to create 4,000 new jobs in Huntsville, Alabama. The world is noticing that America is open for business. And in large part, it’s because we have shaken off an outdated, burdensome tax code.

“Reforming the tax code was not easy. It was made even more challenging when none of my Democratic colleagues in the House or the Senate – not one – stood with taxpayers and job creators to vote for this once-in-a-generation tax relief. But thanks to Republican majorities in Congress and a Republican White House, the benefits for working Americans are just beginning.”