Missourians Already Benefitting from Tax Reform

Senator Roy Blunt
2018-02-06 11:36:16
Roy Blunt, US Senator for Missouri Dear Unity, It's been a little over a month since President Trump signed the pro-growth Tax Cuts and Jobs Act [link 1] into law, marking the most significant changes to our country's tax code since 1986. Americans didn't have to wait long to see the benefits. Thanks to the Tax Cuts and Jobs Act, more than 250 U.S. companies [link 2] (and counting) have recently announced major new investments. More than three million Americans are receiving wage increases, bonuses, or enhanced benefits. Other major employers are planning to invest billions in our economy, building new facilities, creating more jobs, and fueling stronger growth. I've been particularly glad to see companies large and small putting their tax savings toward charitable contributions. Boeing [link 3], for example, is allocating $100 million toward charitable giving, $100 million toward infrastructure enhancements, and $100 million toward workforce training. Here's how tax reform is already paying off for thousands of hardworking Missourians [link 4]: - Kansas City Southern [link 5] employees received a $1,000 bonus. - Southwest Airlines [link 6] gave a $1,000 bonus to its 1,100 Missouri workers. - Walmart [link 7], our state's top employer, announced bonuses, wage increases, and expanded benefits that will impact 27,500 Missourians. - Great Southern Bancorp, Inc. [link 8] gave $1,000 in cash to all full-time employees and $500 to part-time workers. There's even more good news ahead. As early as this month, Missourians will see how much more of their hard-earned paycheck they'll be taking home iwth the new tax cuts in effect. By nearly doubling the standard deduction, doubling the child tax credit, and lowering tax rates, Missouri families will be able to keep more of what they earn instead of sending it to the IRS. And, by increasing U.S. competitiveness and giving small businesses the opportunity they need to reinvest and expand, the new tax code creates a foundation for more jobs with higher wages in the future. No wonder the National Federation of Independent Business [link 9] reported small business optimism was at an all-time high at the end of last year. I've heard from Missourians all over the state who have been positively affected by our new tax codoe. If you have a story to add, I'd like to hear it. You can share your story here [link 10]. To stay updated and join the conversation, be sure to follow me on Twitter [link 11], Facebook [link 12], and Instagram [link 13]. Sincere regards, [image = blunt.enews.senate.gov//images/user_images/RDB Signiture.png]

Dear Unity,

It's been a little over a month since President Trump signed the into law, marking the most significant changes to our country's tax code since 1986. Americans didn't have to wait long to see the benefits. 

Thanks to the Tax Cuts and Jobs Act, (and counting) have recently announced major new investments. More than three million Americans are receiving wage increases, bonuses, or enhanced benefits. Other major employers are planning to invest billions in our economy, building new facilities, creating more jobs, and fueling stronger growth. I've been particularly glad to see companies large and small putting their tax savings toward charitable contributions.

Here's how tax reform is already paying off for

There's even more good news ahead. As early as this month, Missourians will see how much more of their hard-earned paycheck they'll be taking home iwth the new tax cuts in effect. 

By nearly doubling the standard deduction, doubling the child tax credit, and lowering tax rates, Missouri families will be able to keep more of what they earn instead of sending it to the IRS. And, by increasing U.S. competitiveness and giving small businesses the opportunity they need to reinvest and expand, the new tax code creates a foundation for more jobs with higher wages in the future. No wonder the reported small business optimism was at an all-time high at the end of last year. 

I've heard from Missourians all over the state who have been positively affected by our new tax codoe. If you have a story to add, I'd like to hear it. You can share your story To stay updated and join the conversation, be sure to follow me on Sincere regards, 

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