Brett Guthrie: “This evening, we will hear from myself and a colleague from Tennessee, and he is joining me today to talk about how the…”

“This evening, we will hear from myself and a colleague from Tennessee, and he is joining me today to talk about how the Tax Cuts and Jobs Act has benefited our States. In my congressional district, Kentucky's Second, I have heard from constituents who have seen more money in their paychecks and from businesses that have been able to grow and pass along the benefits of tax reform directly to their employees. The Tax Cuts and Jobs Act doubled the standard deduction for both individuals and couples. For the 75 percent of residents in Kentucky's Second District who take the standard deduction, this is an automatic tax cut. Additionally, individuals in every tax bracket are paying lower rates. When I visited Owensboro in February, I met Cheri and Ray Middletown, who own On Time Fab, a small business that provides fabrication services for agricultural, industrial, and commercial productions. Cheri and Ray shared with me that, during the first week of the implementation of the Tax Cuts and Jobs Act, each of the 20 employees of On Time Fab took home more pay as a result of tax reform. One employee took home as much as $56 a week and more than $200 a month. A single dad working for On Time Fab is bringing home an extra $40 each week. Some thought there was a mistake in their paychecks because they are able to keep so much of their hard-earned money, and $40 a week is over $160 a month. By cutting the corporate tax rate to make the U.S.…”