[Congressional Record Volume 164, Number 86 (Thursday, May 24, 2018)]
[Senate]
[Page S2890]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Tax Reform
Mr. President, on that subject, yesterday brought yet another piece
of exciting news for American workers and middle-class families. The
U.S. manufacturer United Technologies announced new plans to invest $15
billion right here in America and hire 35,000 American workers in the
next several years.
This Fortune 100 company makes a wide variety of engineered products,
from jet engines to elevators. Now, because of this favorable climate
for business growth, investment, and job creation, they are putting
billions into research and development and capital investment and
creating tens of thousands of new job openings.
To fill some of these job openings, the company is partnering with
community colleges, high schools, and other workforce training
programs. This all comes on the heels of the company's other recent
investments, like the new 93,000-square-foot facility in Lansing, MI,
and a new 80,000-square-foot facility in Foley, AL.
What is making all this possible? According to United Technologies'
announcement, ``The competitive tax system resulting from U.S. tax
reform is encouraging global companies, such as United Technologies, to
make long-term investments in innovation in America.''
This announcement is exactly the kind of headline you would expect to
see in an America that is growing again. It is exactly what you would
expect to happen as Republican policies continue to get Washington, DC,
out of the way of American workers and job creators, and let them do
what they do best--build an economy that is the envy of the rest of the
world.
Yesterday's announcement was no isolated incident. We are hearing
announcements like this from job creators, large and small, from
national employers to Main Street businesses in my State of Kentucky
and all across the country.
Back in 2013, under the Democrats' policy agenda, more than two-
thirds of U.S. manufacturers reported that a hostile business climate
due to taxes and regulation was a primary obstacle in their way. That
was in 2013.
Today, just 16 months into this unified Republican government, fewer
than one in five say that. This comeback for American manufacturing
means new job openings for American workers, more prosperity for our
small towns and cities, and higher take-home pay for middle-class
American families.
I suggest the absence of a quorum.
The ACTING PRESIDENT pro tempore. The clerk will call the roll.
The legislative clerk proceeded to call the roll.
Mr. SCHUMER. Madam President, I ask unanimous consent that the order
for the quorum call be rescinded.
The PRESIDING OFFICER (Mrs. Hyde-Smith). Without objection, it is so
ordered.