Political Quotes

On the recordJanuary 9, 2018
Mr. Speaker, it is a new year, and I am thankful that my Republican colleagues and I made good on our promise to bring about a new Tax Code. Due to the historic passage of the Tax Cuts and Jobs Act, most citizens, couples, and companies will finally receive the tax relief they have so desperately needed. The list of companies nationwide that have announced pay raises, bonuses, and 401(k) contributions is growing. Companies that weren't able to invest more in their employees in the past have found renewed confidence in this Nation's economic future. My colleagues on the other side of the aisle proclaimed that this bill was a tax scam that would only profit the rich. These baseless claims are the very epitome of fake news, and nothing could be further from the truth. Already, more than a million Americans have received bonuses because of our efforts to reform the Tax Code. $900 billion is being distributed to hardworking American taxpayers by job creators as of today. Thanks to the Tax Cuts and Jobs Act, we have witnessed companies begin to reinvest in the future of employees. In fact, Aflac announced it will increase 401(k) matching from 50 percent to 100 percent for the first 4 percent of employee contribution, on top of issuing one-time bonuses to employees. Our job creators are so inspired by the reforms we worked hard for, and those who are working toward retirement will enjoy these benefits for years to come.…
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Virginia Foxx
Republican · North Carolina

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