Roy Blunt: “when the Tax Cuts and Jobs Act was signed into law in December, we heard a lot about what was going to immediately…”

“when the Tax Cuts and Jobs Act was signed into law in December, we heard a lot about what was going to immediately happen. This was going to be a tax cut for the rich. Corporations were going to use their money to buy back their stock and not share it with the people who work for them. The Senate was as divided on a partisan basis as the Senate could be. Every person in the majority voted for the tax bill. Every person in the minority voted against the tax bill. We heard from some of the leaders of the other side that it would be Armageddon. We heard from President Obama's Treasury Secretary that 10,000 people would die every year if the tax bill was signed into law. We heard that the average family would only get crumbs and scraps from the tax bill. It is turning out that this is not what appears to be happening at all. Companies have stepped up to show that in a growing economy--in an economy they believe is going to grow--they value the people they work with and they value the employees of their company in a way we wouldn't have anticipated. I thought this would happen as we saw the economy take off from the tax bill. It didn't occur to most of us that companies would step up on day one and say: We are going to value and show our value to the people who work for us. Over 3.8 million people now have received over $4 billion in bonuses. A lot of those happened in my State of Missouri. The Central Bank of St.…”