I rise today to speak about our booming economy and the stellar jobs report we saw on Friday, thanks in part to tax reform. With tax day just around the corner, I would like to briefly highlight the many benefits American families, workers, and job creators have experienced as a result of lower tax rates. Since Republicans passed the Tax Cuts and Jobs Act, 3.2 million new jobs have been created. Our 3.8 percent unemployment rate is near a 50- year low. The unemployment rate for women in particular matches the lowest rate since 1953. Ninety percent of middle-class workers have experienced a tax cut, and jobless claims have recently dropped to the lowest level since 1969. Additionally, in 2018, manufacturing job creation was the highest it has been in over 20 years. As the most manufacturing-intensive State in the Nation, Indiana particularly benefits from this tax cut bill. Last year, in conjunction with tax day, I spoke on the Senate floor about the many stories that have already poured into my office from Indiana businesses that are paying their workers more and constituents who are earning more. This year, I am proud to say these stories continue. My guest to last year's State of the Union, Chelsee Hatfield, is a prime example. When tax reform was signed into law, Chelsee, a young mother of three, was working as a teller at a rural bank, First Farmers Bank and Trust Company in Tipton, IN. She received a raise and a bonus as a result of tax reform.…
On the recordApril 10, 2019
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