6 Months of Historic Economic Prosperity

June 20, 2018

6 months ago, Congress passed the first major reform on our nation’s tax code since 1986.

The historic legislation, now signed into law, has changed the course of history for the United States.

Under tax reform, businesses large and small have flourished. More than 600 companies—and counting—have announced how they’re spreading the wealth with the money they’ll save from tax reform. These payouts include raises, bonuses, enhanced employee benefits, and the like, all as a direct result of historic reform.

On an April trip to Dallas, Southwest Airlines employees told Speaker Paul Ryan and House Ways and Means Chairman Kevin Brady the many ways they’ve used their tax reform savings and payouts:

One worker said the money helped pay for his child’s college tuition at Southern Methodist University. Another said it resulted in a new washer and dryer set. Another used the bonus to take her mom on a beach vacation. Still another used the funds to support a family in Kenya.

Thanks to tax reform:

As one headline put it: The US economy suddenly looks like it’s unstoppable.

More money in the pockets of Americans has eased the cost of living, and more money back to American businesses has spurred growth and expansion, all fueling economic prosperity. And it all started with one spark: tax reform.

Let’s see what the next six months—and beyond—hold.