[Congressional Record Volume 164, Number 75 (Wednesday, May 9, 2018)]
[House]
[Pages H3839-H3840]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       GREAT IMPACT OF TAX REFORM

  The SPEAKER pro tempore (Mr. Kelly of Pennsylvania). The Chair 
recognizes the gentleman from Kentucky (Mr. Comer) for 5 minutes.
  Mr. COMER. Mr. Speaker, many Members have gathered in recent months 
to remind the American people about the great impact the Tax Cuts and 
Jobs Act is having on individuals, families, and our economy. I join 
with them today to reiterate that reminder and reflect on the 
accomplishments of tax reform.
  We kept our promise to deliver on tax reform, and with new 
legislation in place, we are finally creating an environment that 
fosters growth in our job market, brings jobs back to the U.S., and 
supports companies that want to compete globally.
  Under the new tax law, the typical family of four in the First 
District of Kentucky will see an average tax cut of over $1,700. Some 
people look at these cuts as nothing more than crumbs, which is 
unfortunate. A resident of Scottsville, Kentucky, shared with me that 
she plans to use her crumbs, as some in Congress like to call it, to 
put toward remodeling her house, updating appliances, and even helping 
her daughter and son-in-law remodel their home. The new tax law lowers 
tax rates on American businesses to help grow jobs, increases wages, 
and promotes economic growth here at home.
  Until this legislation was passed, the United States had nearly the 
highest corporate tax rate in the world, making U.S. businesses 
uncompetitive, stunting economic growth, and sending jobs and profits 
overseas. Now many businesses across the U.S. are demonstrating how a 
lower tax rate helps boost business and the workforce.
  One story of success from my district comes from Casey Jones 
Distillery in Hopkinsville, Kentucky. Miss Peg Jones, who works at the 
distillery, stated that they have already made plans to reinvest in the 
distillery for new space, employees, production, and barreling. This is 
all made possible by craft beverage modernization provisions in the tax 
bill which reduce taxes across the board, especially for small 
distilleries like Casey Jones.
  Computer Services, Inc., or CSI, out of Paducah, Kentucky, which 
provides financial technology solutions, has acknowledged the positive 
effects of a reduced corporate tax rate, which has allowed them to 
reinvest in their employees in the form of bonuses and contributions to 
retirement plans.
  The changes we have made to the Tax Code incentivize businesses to 
invest in new equipment and facilities. This is good news for 
businesses and communities throughout my district

[[Page H3840]]

and across the Nation. An employer in my district shared with me how 
the new 100 percent expensing provision has helped their customers 
afford more of the products they sell, which has, in turn, boosted 
their business.
  Each time I return to my district, I hear about the different ways 
families and businesses are utilizing savings from the Tax Cuts and 
Jobs Act. Delivering on these reforms was long overdue, but the tax 
reform is truly working for the American people. After more than 30 
years, Americans are finally able to reap the benefits of a simplified 
Tax Code that cuts middle class taxes and supports expanding 
businesses. I am thrilled to see the continued success of tax reform 
and am eager to see more lasting changes that will strengthen our 
workforce and economy.

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