Political Quotes

“Mr. Speaker, it is my pleasure to speak this evening about the positive effect the Tax Cuts and Jobs Act has had back in Arkansas' First District. Major industries, businesses, and families are already experiencing financial relief and enjoy having a few more dollars in their pockets. Agriculture is the number one industry in my district and in the State, adding around $16 billion to the Arkansas economy each year. Considering this, it was imperative that we pass a tax reform package that brings relief to farmers and ensures the next generation will be able to transition into the industry. The old adage that farmers die land rich but cash poor presented a serious problem under the previous estate tax exemption. Farming families often struggled to pass the business from one generation to the next. However, by doubling the estate tax exemption in H.R. 1, we are able to bring much-needed support to farming families as they cope with the loss of a loved one and a new generation takes over the farm. Businesses in my district have also experienced savings from the Tax Cuts and Jobs Act that they passed along to their customers and employees. Because of the lowered corporate tax rate, Entergy Arkansas, which provides electricity to all of the counties in my district, reduced rates for residential and business customers. Ryder truck rental, which has locations in Jonesboro and Stuttgart, provided a one-time bonus to eligible employees.…”