Steve Womack: “I thank my friend and colleague from Louisiana for hosting this very important discussion about the Tax Cuts and Jobs…”

“I thank my friend and colleague from Louisiana for hosting this very important discussion about the Tax Cuts and Jobs Act. As has been mentioned many times in the last several presentations, there is no question that the tax reform plan passed in this Chamber and in the Senate and signed into law by President Trump is working. Because of the Tax Cuts and Jobs Act, the economy is taking a turn for a brighter and much more prosperous future. Americans are getting to keep more of their hard-earned paychecks. More jobs are being created, and wages are on the rise. Since tax reform was signed into law, the good news keeps coming for hardworking Americans. American businesses are more empowered to invest in their workforces, expand their operations, and simply give back to their communities. In fact, more than 500 businesses, and counting, have increased wages, improved employee benefits, or awarded bonuses. In Arkansas, the impact is very tangible. My friend from the Second District, French Hill, talked about what Entergy Arkansas has been able to do by providing energy customers across our State with $466 million in credits towards the cost of heating and cooling their homes. Families in my district--Arkansas' Third--are seeing their taxes go down by nearly $2,000 on average, and Third District companies are benefiting Americans nationwide. My friend from Arkansas, Mr. Crawford, talked about Walmart. Walmart is headquartered in my district.…”