Bill Flores: “I thank the gentleman for yielding to me. Today, I rise with my fellow Texas colleagues to share some examples of how…”

“I thank the gentleman for yielding to me. Today, I rise with my fellow Texas colleagues to share some examples of how the Tax Cuts and Jobs Act is helping hardworking Texans and their families. Our bold progrowth tax reform bill was signed into law just 67 days ago. Since then, more than 4 million Americans have seen some combination of a wage boost, a bonus, or enhanced employee benefits. Businesses with footprints in the 17th Congressional District, the district that I am honored to represent, such as Apple, Best Buy, Cognizant, CVS, FedEx, Home Depot, Lowe's, Starbucks, U-Haul, UPS, Walmart, Waste Management, and Visa have passed on some of the savings that they are getting from the Tax Cuts and Jobs Act on to their employees. Additionally, we know that there are plenty of other small and large businesses in Texas that are doing the same. Another great example of the benefits to central Texas families is Oncor Electric, which serves about 3.4 million homes and businesses in Texas, including seven counties in the 17th Congressional District. They have agreed to return all of the tax cut benefits to their customers in the form of lower energy bills. Now that Federal tax withholding tables have been updated to reflect the lower tax rates, many Texans are taking home bigger paychecks. In the 17th Congressional District, a typical working class family of four will see a tax cut of $1,885.…”