Positive Impacts of Tax Reform

Floor Speech

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Mr. ROGERS of Alabama. Mr. Speaker, I thank my friend and colleague from Georgia for leading this Special Order.

Mr. Speaker, I rise to highlight the impact of the Tax Cuts and Jobs Act is having in east Alabama and across America.

After working under an outdated Tax Code for over 30 years, businesses and families from the Third District of Alabama and the entire country are feeling some relief. From bigger paychecks to bonuses and raises, many companies in the U.S. have already distributed over $4 billion in bonuses.

In my district, Russell Lands in Alexander City distributed $500 bonuses to each of their 500 employees as a direct result of the tax overhaul.

Three companies in Columbus, Georgia, which is right across the State line from my district, have already rewarded their employees because of tax reform, including, as you have heard earlier, Aflac, Synovus Financial, and Total System Services. This is putting more money back in the pockets of some of my constituents right across the State line in Russell County.

Regions Bank and Protective Life in Birmingham, Alabama; Cogent Building Group in Point Clear, Alabama; Overseas Hardwoods in Stockton, Alabama; and DTI and Xante in Mobile are other companies across our great State that have been giving bonuses to their employees.

I am proud of Ben Russell of Russell Lands and the other companies I mentioned leading the way on this important front.

Because of the tax reform, over 4 million workers have already received a bonus or a pay increase across our great country. These bigger paychecks and bonuses can help families save for their kids' school or help pay for a new household appliance. It helps with making a car payment or paying off student debt.

This extra money represents opportunity. At a time when every penny counts, I am proud to see tax reform is giving hardworking Americans more money to take home to their families.

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