On the recordJune 12, 2018
Mr. President, when we took up tax reform, we had one goal, and that was to make life better for hard-working Americans. That involved a couple of things. For starters, it involved putting more money in Americans' pockets right away by cutting their taxes, and Americans are already seeing the tax relief we passed in their paychecks. But we knew that tax cuts, as helpful as they are, were not enough. We wanted to make sure we created the kind of economy that would give American workers access to the jobs, wages, and opportunities that would set them up for security and prosperity in the long term. Since jobs and opportunities are created by businesses, that meant reforming our Tax Code to improve the playing field for businesses so that they could improve the playing field for workers, and that is what we did. I am proud to report that it is working. Since tax reform was passed, business after business has announced good news for workers: pay increases, bonuses, and better benefits, including increased retirement benefits, new and better education benefits, and enhanced parental leave benefits. A recent survey from the National Association of Manufacturers reported that 77 percent of manufacturers plan to increase hiring as a result of tax reform, 72 percent intend to increase wages or benefits, and 86 percent report that they plan to increase investments, which means new jobs and opportunities for workers.…
Source
govinfo.gov




