Political Quotes

“Madam President, since tax reform was enacted in December of 2017, our economy has grown and strengthened with American families' and businesses' seeing real benefits, and you just heard Senator Barrasso say some of the same things about how the economy is booming. Unemployment rates have dropped dramatically, with unemployment among Hispanic, Latino, and African-American workers at record lows. According to the Bureau of Labor Statistics, average hourly earnings have grown at a rate of 3 percent or higher for 16 consecutive months, with the largest wage gains being concentrated in the bottom quarter of the wage scale. We should duly note that production workers' wages are growing much faster than are the wages for the manager class. In short, lower income workers are seeing the highest wage growth. Yet, instead of looking at the positive economic effects of tax reform, our Democratic colleagues insist that large corporations have received a massive giveaway and that only the wealthy have benefited. That is simply not true. Tax reform has addressed a number of issues that have been frequently highlighted by both political parties. In particular, tax reform has made enormous progress toward creating a more competitive environment for American companies. Before tax reform, the combined U.S.…”