[Congressional Record Volume 164, Number 11 (Thursday, January 18, 2018)]
[House]
[Page H539]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1945
TAX REFORM DELIVERING FOR AMERICANS
(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, earlier today, I had the
honor of being in Pittsburgh with President Trump to hear him speak
about how tax reform is putting America back to work. We were at H&K
Equipment, a company that is investing in itself at a rate of 50
percent higher than last year thanks to tax reform.
H&K credits the Tax Cuts and Jobs Act for providing them with the
ability to expense 100 percent of the investments they make in new
construction and demolition equipment. That is tax reform right at work
in the Commonwealth of Pennsylvania.
Of course, this is in addition to State College's AccuWeather giving
year-end bonuses; Malvern's Meridian Bancorp increasing its minimum
wage to $15 per hour, with an additional 20 percent added to the 2017
bonuses; Allentown's American Bank giving employees $1,000 bonuses; and
Pittsburgh's PNC Financial Services giving $1,000 bonuses to 47,500 of
its nationwide employees, while increasing base wages, retirement
program contributions, and its charitable giving.
These are just a few stories. Tax reform is working, fair and simple.
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