The Reforming America’s Taxes Equitably (RATE) Coalition – whose affiliated companies represent over 30 million employees in all 50 states – released the following statement in advance of Wednesday’s House Ways and Means Committee hearing – the first in its series on tax reform:
“Less than five months after President Trump signed the Tax Cuts and Jobs Act into law, Americans across the country are seeing bigger paychecks and smaller utility bills. As this critically important hearing series kicks off, nearly 550 employers of all sizes have already passed tax savings along to more than 5.5 million workers – and countless American consumers – through wage hikes, bonuses, 401(k) match increases, and utility rate cuts. In the most important measures – from record high job openings to record low jobless claims, soaring small business confidence to a surge in capital spending – it is abundantly clear that tax reform is helping grow our economy and create new jobs.
“The House Ways and Means Committee played a pivotal part in the passage of this legislation and we applaud its commitment to ensuring the continued success of tax reform through this hearing series.”