On the recordFebruary 6, 2019
Mr. President, in last night's State of the Union Address, the President highlighted the strength of the economy. After years of stagnation under the Obama administration, our economy has come roaring back, thanks in substantial part to Republican economic policies. After the Presidential election 2 years ago, Republicans made it our mission to get our economy going again. We cut excessive regulations, and we passed a historic comprehensive reform of our outdated Tax Code. The Tax Code plays a huge role in the health of our economy. It helps determine how much money individuals and families have to spend and save. It helps to determine whether a small business can expand and hire. It helps determine whether larger businesses hire, invest, and stay in the United States. A small business owner facing a huge tax bill is highly unlikely to be able to expand their business or to hire a new employee. A larger business is going to find it hard to create jobs or improve benefits for employees if it is struggling to stay competitive against foreign businesses paying much less in taxes. A larger business is unlikely to keep jobs and investment in the United States if the Tax Code makes it vastly more expensive to hire American workers. Before we passed tax reform a year ago in December, our Tax Code was not helping our economy. It was taking too much money from American families, and it was making it harder for businesses, large and small, to create jobs, increase wages, and grow.…
Source
govinfo.gov




