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Tax Cuts and Jobs Act is Working

Wednesday, April 4, 2018  
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In August of 2017, I hosted a Jobs and Economy Tour across Oakland, Livingston and Ingham counties – to hear stories and receive input on issues affecting Main Street. I talked with constituents at BorgWarner in Auburn Hills, North Winds Heating & Cooling in Okemos, Bekum America Corporation in Williamston, and countless others.

Our discussions centered around the need to simplify our convoluted tax code and support America’s workforce. I took this feedback directly to Washington and advocated for local priorities as a member of the tax-writing Ways and Means Committee.

It’s exciting that just a few months later, with the signing of the Tax Cuts and Jobs Act into law, we’ve created an environment that fosters growth in our economy and returns jobs to the U.S. Already more than 4 million Americans are benefiting from higher wagers, bonuses and expanded benefits, with millions more on the horizon.

I traveled across our state to talk with employers and constituents to hear how the new tax code helps them and their businesses.

Dan, from Rochester Hills, shared with me that he was able to invest in a new piece of equipment for his car wash business.

I stopped by the Fiat Chrysler truck assembly plant to talk with workers about the new Ram truck production line that is relocating from Mexico all the way back to Michigan, bringing with it 2,500 new jobs. The Fiat Chrysler decision will provide more than $1 billion in U.S. investment, including $2,000 bonuses for U.S. employees, all as a result of tax reform.

Complete Automation, a paint delivery system facility in Lake Orion, initiated a 401(k) contribution matching program as a result of tax reform. I visited their operation in February to talk with employees about how this new benefit will help them save for the future.

The takeaway from these conversations is that the Tax Cuts and Jobs Act is working. America’s optimism is rising and our workforce is taking notice. After years of stagnant growth, America’s workforce is finally experiencing the benefits of a modernized tax code – and this is just the beginning.

Congressman Mike Bishop serves Michigan’s 8th District in the U.S. House of Representatives.

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