[Congressional Record Volume 164, Number 4 (Monday, January 8, 2018)]
[House]
[Page H8]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX RELIEF IS UPON US
(Mr. THOMPSON of Pennsylvania asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. THOMPSON of Pennsylvania. Mr. Speaker, last month, Congress
passed the historic Tax Cuts and Jobs Act.
Tax relief is upon us for American workers, families, and job
creators. Come February, there will be more money in your paycheck.
Workers are already seeing the benefits of this historic tax cuts
bill. Businesses across the country are now giving bonuses, pay raises,
and making new investments that will get our economy back on track.
Pennsylvania's own AccuWeather provided a year-end bonus to all
employees due to the strong confidence in the United States and global
economy now that tax reform passed.
And AccuWeather isn't alone. Thanks to tax reform, Wells Fargo
boosted its minimum wage for employees to $15 an hour and targeted $400
million in nonprofit donations this year. AT&T paid more than 200,000
U.S. employees $1,000 each and increased its capital spending budget by
$1 billion. Sinclair Broadcast Group paid $1,000 bonuses to nearly
9,000 employees.
These are just some of the many businesses that are rewarding their
employees, thanks to tax reform, fair and simple.
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