On the recordApril 10, 2019
as we approach tax day, America's roaring economy keeps on speeding ahead as we continue to see the positive impact that the Tax Cuts and Jobs Act is having throughout Iowa and the rest of our country. Last week, yet another outstanding jobs report was released, showing that the economy added 196,000 jobs in March--well above expectations. Just think, since tax reform was passed, 3.2 million jobs have been created. And year-over-year wage growth remains strong at 3.2 percent in March. After years of stagnant wage growth, we have now had 8 consecutive months in which it exceeded 3 percent. Under the leadership of Governor Kim Reynolds, Iowa's unemployment rate is the lowest in the country and is tied for the lowest rate ever recorded in our State. I have seen the effects of tax reform firsthand in my home State, and they are paying off big time. Thanks to Senate Republican pro-growth tax reform, a business owner in Pella, IA, has saved tens of thousands in taxes, allowing her to increase the wages of her employees, purchase new semi-trailers, and upgrade her facilities. A small brewery in central Iowa has been able to hire a new full-time employee and purchase an additional fermenter, increasing their production by 17 percent. In a survey of Iowa businesses last month, 87 percent of folks said they plan to make capital expenditures this quarter, and the vast majority expects sales to grow over the next year.…





