On the recordJune 20, 2018
as some of my colleagues mentioned already, today marks 6 months since Congress passed the Tax Cuts and Jobs Act and sent it to the President's desk to become law. When the President signed the legislation, he helped usher in the first major overhaul of the Tax Code in three decades. Here are some of the results we have seen so far: Over 1 million new jobs have been created since the package of tax reform; at least 101 utilities across the country are lowering rates for customers, including Entergy Arkansas in my home State, as a result of the savings they are seeing from the tax reform bill; and 75 percent of small and independent business owners believe that the Tax Cuts and Jobs Act will have a positive impact on their businesses, which is leading them to make plans to invest in hiring and increase employees' compensation. I could go on highlighting the good news related to our overhaul of the Tax Code, but instead I want to spend just a few minutes talking about what I have heard from small business owners and employees-- beneficiaries of this historic reform--on a recent visit I made to Arkansas in the south and southwest regions. Last month, I had the opportunity to travel around Arkansas' Fourth Congressional District with Congressman Bruce Westerman.…
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