press releases

WTAS: Praise & Investments Continue to Roll in Following Tax Cuts & Jobs Act

- December 21, 2017

"The most significant of the President's accomplishments so far"

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CRAIG MELVIN: "David, Republicans have checked off a number of key agenda items by signing this bill. Passage of a tax overhaul, elimination of the individual mandate in Obamacare, confirmation of, of Justice Neil Gorsuch to the Supreme Court, confirmation of a dozen appellate court judges. I maintain that is probably the most significant of the president's accomplishments so far and a number of rollback of Obama-era regulations. Also tucked away inside this tax bill, companies will be able to drill in the arctic national wildlife refuge. This is what their voters wanted." (MSNBC’s “Live With Craig Melvin,” 12/20/17)

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SPEAKER RYAN: "You’ve got like 40-60 percent drop in people’s income taxes in many instances. Look, obviously they are being partisan and they want to try to deny this achievement and try and talk it down and obviously you’ve got six figure income people on tv, no offense, just saying this is nothing. If you are living paycheck to paycheck, Joe, which is more than half the people in this country, you are making the median family income of four and you just got a 2,000 dollar tax cut next year, that’s not nothing. It may be nothing to someone making six hundred grand, it may be nothing to somebody in New York or California but to the families who are out there struggling today, that is something. Doubling the child tax credit, doubling the standard deduction, lowering rates across the board, that means a lot to a lot of people. Almost 98 percent of people can file their taxes on a post card." (CNBC’s “Squawk Box,” 12/21/17)

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REP. SEAN DUFFY: "Well there’s a lot of misinformation out there about it, Dagen, that the left-wing media pushes that actually Democrats and Democrat leaders have pushed. We didn’t know what AT&T and Qualcomm or Wells Fargo was going to do or Boeing was going to do with their investments or their Christmas gifts to their employees. We didn’t see that on the horizon, but what we know is that if we give businesses more of their own money to spend the way they see fit instead of here in Washington, they do pretty cool things. They’ll invest it, they’ll innovate, they’ll create, they’ll give bonuses to the people that make their companies great. And that’s exactly what we saw, and this was our point to Democrats who were thinking this was so horrible for the middle class. We said no, this actually helps the middle class. It offers more opportunity, more upward mobility. This is the great thing that happens when people get to keep more of their own money…" (Fox Business News’s “Morning’s With Maria Bartiromo,” 12/21/17)


"Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees. Roberts also announced that the Company expects to spend well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity, and our television, film and theme park offerings. With these investments, we expect to add thousands of new direct and indirect jobs." (Comcast, Press Release, 12/20/2017)

"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees — all union-represented, non-management and front-line managers. If the President signs the bill before Christmas, employees will receive the bonus over the holidays. 'Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,' said Randall Stephenson, AT&T chairman and CEO. 'This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees.'" (AT&T, Press Release, 12/20/2017)

Fifth Third Bancorp
"Fifth Third Bancorp announces plan ‘to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees’ following passage of tax bill." (CNBC, @CNBCnow, Twitter, 12/20/2017)

Wells Fargo
"Wells Fargo… said it would boost its minimum wage to $15 per hour, an 11% increase from its current hourly rate of $13.50, once the law was passed. The pay raise will go into effect in March 2018, the company said." (“AT&T, Comcast, Wells Fargo Promise Bonuses Or Pay Hikes Once Tax Cut Bill Passes,” USA Today, 12/20/2017)

"New law boosts Boeing's competitiveness, supports long-term growth. Boeing announces immediate additional employee-related and charitable investments of $300 million as a result of new law." (“Boeing CEO Muilenburg Applauds Tax Law,” Press Release, 1/20/2017)




Business Round Table
"Congress and the Administration have achieved critical reform that will grow the economy, raise wages for American workers and boost business investment and hiring in the United States. Business Roundtable has long advocated for corporate tax reform because it is good for all Americans." - Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. and Chairman of Business Roundtable

National Federation of Independent Business
"America’s small businesses are one step closer to the tax relief they deserve. Small business represents half the jobs and half the GDP, and starting next year they will be able to reinvest more of their money, grow, and create jobs." - NFIB President and CEO Juanita Duggan

American Trucking Association
"America’s economic engine has been ignited," said ATA President and CEO Chris Spear.  "President Trump has said that 'when trucks are moving, America is growing.' With his signing of this bill into law, there will be more trucks on our roads, making the deliveries fueled by an expanding economy." - ATA President and CEO Chris Spear

"On tax reform, the President and congressional leadership have decided to go big and bold, and IBM welcomes today’s proposal.  Tax reform and tax cuts will spur economic growth and jobs, and will allow American companies to more easily bring profits from foreign operations home to benefit Americans…Congress has a once-in-a-generation opportunity to act. IBM supports the President’s plan and will spare no effort to support its swift enactment into law."
– Christopher A. Padilla, Vice President, IBM Government and Regulatory Affairs

Motion Picture Association of America (MPAA)
"The MPAA is encouraged by the tax reform framework released today by the Trump Administration and Congressional leaders. The U.S. film and television industry supports two million American jobs and 88,000 small businesses across all 50 states. Meaningful tax reform, as reflected in this framework, will promote our nation’s global competitiveness and encourage more domestic production and jobs in American industries, including film and television…We look forward to working with both the Trump Administration and Congress as the process moves forward to rebuild an American tax system that creates U.S. jobs and drives economic growth." - Ambassador Charles Rivkin, CEO of the Motion Picture Association of America (MPAA)

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