On the recordJune 25, 2018
Mr. President, as you may know, I was a strong supporter of the Tax Cuts and Jobs Act that passed this body and was signed into law last year. With every passing day, we are hearing more about the positive effects this law is having on the economy as a whole and about companies, both large and small, making investments in their employees and in their businesses. In identifying the positive impacts that the law has had on the overall economy and for individual taxpayers, it is sometimes forgotten that small businesses have also benefited from the law. As chairman of the Senate Committee on Small Business and Entrepreneurship, I supported the tax law because I believed it would reduce taxes for the small businesses that employ millions of workers all across America, while allowing small business owners to invest in new equipment and increase economic growth. A few weeks ago, I began this series of speeches to bring attention to small businesses that have benefited from this law. While many news reports have focused on the impact that the new tax law has had on individuals and large corporations, I rise today to discuss how Quake Manufacturing, a small business in Fort Wayne, IN, has benefited from tax reform. Quake Manufacturing produces high- quality machined parts for its customers. The company uses high-tech computer numerical control, CNC, machines to manufacture several types of metal and plastic fixtures, gauges, prototype parts, and mass- produced parts.…
Source
govinfo.gov




