[Congressional Record Volume 164, Number 105 (Friday, June 22, 2018)]
[House]
[Page H5510]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX CUTS PROMOTE JOBS
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, last week the National
Federation of Independent Business released their May Small Business
Optimism Index, which is the highest Small Business Optimism rating in
history.
The NFIB reports that expansion plans for small businesses have hit
an all-time high. The positive sales trends for independent businesses
are at their highest level since 1995.
These statistics show that the Republican tax cuts and President
Donald Trump's economic deregulation have promoted jobs.
Thanks to the Tax Cuts and Jobs Act, the National Association of
Manufacturers, led by President Jay Timmons, reports 77 percent of
manufacturers plan to increase hiring, and 72 percent plan to increase
wages or benefits.
Current unemployment is 3.8 percent, the lowest level in almost 50
years. In addition, African American unemployment is the lowest ever
recorded.
In conclusion, God bless our troops, and we will never forget
September the 11th in the global war on terrorism.
Our sympathy to the family and talented associates of Charles
Krauthammer, a megastar for truth on FOX News.
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