[Congressional Record Volume 164, Number 121 (Wednesday, July 18, 2018)]
[House]
[Page H6554]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX REFORM
(Mr. JOHNSON of Louisiana asked and was given permission to address
the House for 1 minute and to revise and extend his remarks.)
Mr. JOHNSON of Louisiana. Mr. Speaker, I am honored to rise today to
speak to the success in Louisiana's Fourth Congressional District that
we have seen since the implementation of the Tax Cuts and Jobs Act.
Every skeptic, even the early skeptics of tax reform, saw near
immediate benefits when the IRS adjusted their withholding tables and
it resulted in bigger paychecks for more than 90 percent of Americans.
Now we are 7 months out, and after the enactment of the Tax Cuts and
Jobs Act, the results are undeniable. Nearly every economic indicator,
whether you are talking about the unemployment rate or wages or job
creation, is showing record growth; and because of this tax reform,
more than 1 million jobs have already been created and more than 4
million Americans have received increased wages or bonuses.
The average tax cut in Louisiana for a family of four was more than
$1,700. That is not crumbs. That is real money for the people in my
district, and it provides them with greater flexibility to save for the
future.
Real benefits for real people, that is what tax reform delivered. I
look forward to many more success stories because of this historic
legislation
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