OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Tax Reform

Floor Speech

Date: July 18, 2018
Location: Washington, DC
Issues: Employment and Affirmative Action Taxes

BREAK IN TRANSCRIPT

Mr. JOHNSON of Louisiana. Mr. Speaker, I am honored to rise today to speak to the success in Louisiana's Fourth Congressional District that we have seen since the implementation of the Tax Cuts and Jobs Act.

Every skeptic, even the early skeptics of tax reform, saw near immediate benefits when the IRS adjusted their withholding tables and it resulted in bigger paychecks for more than 90 percent of Americans.

Now we are 7 months out, and after the enactment of the Tax Cuts and Jobs Act, the results are undeniable. Nearly every economic indicator, whether you are talking about the unemployment rate or wages or job creation, is showing record growth; and because of this tax reform, more than 1 million jobs have already been created and more than 4 million Americans have received increased wages or bonuses.

The average tax cut in Louisiana for a family of four was more than $1,700. That is not crumbs. That is real money for the people in my district, and it provides them with greater flexibility to save for the future.

Real benefits for real people, that is what tax reform delivered. I look forward to many more success stories because of this historic legislation

BREAK IN TRANSCRIPT


Source
arrow_upward