Tax Reform Benefits

Floor Speech

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Mr. DAVIDSON. Mr. Speaker, I would like to thank Chairwoman Brooks for putting this Special Order together and taking time to call attention to some good news. Good news is out there. It is hard to find sometimes on the news, but tax reform, the Tax Cuts and Jobs Act is all about good news.

What is astonishing is the Tax Cuts and Jobs Act was already having an impact even before it became law. The hope of the cuts that were to come were causing our economy to grow at nearly double the rate that it was under the previous administration.

And now we have seen deeds, not just words. We have seen actions transform the idea of tax cuts into enacted tax cuts, things that have transformed the expectation of 1\1/2\ percent growth, the path that had our economy stagnating, take-home pay stagnating, and no hope for the growth that our parents once knew to be part of the American future.

Today, we are seeing 3 percent growth. We may even see more than 4 percent growth in this quarter. The experts said this wasn't going to happen and, instead, what we have seen is the power of ideas, the power of those ideas becoming law, and now we are seeing that show up in our economy.

What does that mean for families in Ohio? Hardworking families are getting more home take-home pay. They are creating more opportunities. The ability to change jobs and find a better-paying one with better benefits is out there because everyone I am talking to is hiring.

This is great news for Ohio, a State that just a short time ago was reeling from over 400,000 jobs lost, a fleeting economy, and a State savings account that was raided to just 89 cents left in Ohio's treasury.

Today, Ohio's manufacturers are hiring. In fact, nearly every company that I have met with is hiring, and their problem is they can't hire fast enough. They are looking for more good workers, and this is creating better opportunities for hardworking Ohioans and better opportunities for American companies. Because we didn't just cut taxes, we reformed taxes, and we made changes that make it so companies are investing in Ohio, in America again, and this is creating these jobs.

Places like Staub Manufacturing Solutions have seen an uptick in sales, employment, and optimism. They have grown their team from 23 to 37 employees over the last year, and they recently expanded by acquiring a new building.

Hartzler Propeller in Troy, Ohio, is experiencing the same optimism and continues to grow and invest in the future of their employees and their investment in Ohio.

How does this happen?

The framework has to be right. It is not more government or less government; it is the right kind of government. It is the kind of government that has made America the world's land of opportunity.

America has always attracted the best goods, services, capital, ideas, and people that flow freely and flourish here in America because we have the certainty of a good regulatory framework, not an excessive, burdensome regulatory framework. We have seen that burden lifted, and we have seen it complemented by strong tax reform, important tax cuts, and we have seen the result is more jobs, more than a million created in the 6 months since this bill became law.

The Tax Cuts and Jobs Act is a constructive policy for jobs, for prosperity, and for a promising economic future for everyone in America.

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