[Congressional Record Volume 164, Number 35 (Tuesday, February 27, 2018)]
[Extensions of Remarks]
[Page E231]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            TAX REFORM WORKS

                                 ______
                                 

                              HON. TED POE

                                of texas

                    in the house of representatives

                       Tuesday, February 27, 2018

  Mr. POE of Texas. Mr. Speaker, last year, Congress passed landmark 
legislation, the Tax Cuts and Jobs Act.
  This legislation cuts taxes in every income group.
  Now, Texans are seeing the impact of this pro-family, pro-growth tax 
reform.
  And so are the employees of Insperity.
  In 1986, Insperity launched with little more than a 600 square foot 
home office and two employees in Texas's Second Congressional District.
  But the small startup quickly began growing, eventually turning into 
one of the largest HR outsourcing firms in the country.
  Earlier this month the company announced bonuses to its employees--
made possible through the U.S. tax reform act.
  The amount of the bonuses will range from $1,000 to $4,000 per 
employee dependent upon the employee's tenure with the company.
  These bonuses total approximately $9 million and will not be awarded 
to the management team and other senior leaders.
  The company says: ``We believe the passage of tax reform is positive 
news and should provide for stronger growth of Insperity, the small 
business community and the broader U.S. economy.''
  Mr. Speaker, the Democrats may call $1,000-$4,000 ``crumbs . . .''
  But to the people of the Texas Second Congressional District this is 
money that will go directly back into the pockets of a community hit 
hard by Hurricane Harvey.
  This extra money will help families rebuild their homes, restore 
their possessions that were ruined by the floodwaters and recover from 
the devastation brought forward by the Hurricane.
  Mr. Speaker, Insperity is just one example of the good work that this 
tax reform package has done.
  The latest data shows that a typical middle-income family of four in 
Texas's Second Congressional District will see a Tax Cut of $2,788.
  The Tax Cuts and Jobs Act has put more money in the pockets of 
employees and allowed industry to grow.
  And that's just the way it is.

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