Steve Stivers: “I want to thank my colleague from Indiana, the Chair of the House Ethics Committee, for putting together this Special…”

“I want to thank my colleague from Indiana, the Chair of the House Ethics Committee, for putting together this Special Order so we can talk about what is going on with tax reform. Mr. Speaker, the numbers don't lie. Tax reform is growing our economy and providing more opportunities for all Americans. It has been just over 6 months since the Tax Cuts and Jobs Act was signed into law, and we are already seeing results. First and foremost, our economy is growing at nearly 4 percent, a remarkable number, despite the Congressional Budget Office's pessimistic prediction of only 1.9 percent growth. When I started in Congress in 2011, unemployment was 9 percent. Due largely to our tax reform and regulatory reform, our business community is now creating jobs. Unemployment has fallen to 3.8 percent, according to the Bureau of Labor Statistics, an 18-year low. Moreover, not only are businesses hiring, but they are reinvesting in their employees. They are giving Americans more money in their pocket. In fact, 4 million workers and counting have received bonuses and seen more money sent to their 401(k)s, and 90 percent of Americans have more money in their paychecks as a result of tax reform. I am seeing the benefits across my district, with companies such as Nationwide Insurance, R+L Carriers, eCycle, and Fifth Third Bank giving bonuses, pay raises, and raising contributions to retirement.…”