Gianforte Touts Positive Economic News, Impact of Tax Reform
WASHINGTON – Montana Congressman Greg Gianforte spoke on the House floor about the good things happening in our economy and the benefits Montanans are enjoying from tax reform.
The Tax Cuts and Jobs Act, which Gianforte voted for and President Trump signed into law in December 2017, is the first major reform of the federal tax code in more than 30 years. The new law cuts tax rates for all taxpayers, expands the standard deduction, doubles the child tax credit, preserves retirement savings accounts, and provides needed relief to Montana’s small businesses.
To watch the video, click HERE.
Excerpts from Gianforte’s prepared remarks:
“It’s been six months since President Trump signed the Tax Cuts and Jobs Act into law, and we’re already seeing the results. The benefits of the tax cuts aren’t a theory. I see it when I meet with Montanans throughout the state.
“Paychecks are growing. Montana businesses are making investments and creating jobs. In fact, since the Tax Cuts and Jobs Act was signed into law in December, one million new jobs have been created, the national unemployment rate matches a 49-year low, and Montana’s unemployment rate has dropped.”
“A teacher in Billings told me her monthly paycheck has grown by $130.
“Mr. Speaker, certain leaders have described the benefits from tax reform – whether bonuses or larger paychecks – as just crumbs. Just crumbs. Tell that to the teacher in Billings who will keep nearly $1,600 more of her hard-earned money each year.”
“Mr. Speaker, certain leaders in this chamber warned that tax reform was ‘Armageddon.’ I don’t know any hardworking Montanans who would agree that keeping more of their hard-earned money is Armageddon. Or that job creation is Armageddon. Or that small businesses succeeding is Armageddon. Or that a lower utility bill is Armageddon.
“Tax reform isn’t producing crumbs. Tax reform isn’t leading to Armageddon. Mr. Speaker, tax reform is working in Montana.”
For Gianforte’s full remarks as prepared, click HERE.