37 results for tag: Economy


More companies announce benefits thanks to tax reform

Companies and individuals are experiencing the benefits of tax reform and it’s only going to get even better! Chipotle, the American Tex-Mex chain, announced that it will give up to one thousand dollars in bonuses and other benefits thanks to tax reform. This is another example how tax reform is creating jobs and improving the American economy. Breitbart News has the details: Chipotle will offer its 71,000 employees up to $1,000 in bonuses; hourly staffers can earn $250 bonuses, while managers can earn $1,000 bonuses. Hourly staffers will be eligible for additional parental leave, while hourly restaurant managers will be eligible for life ...

Quin Hillyer: The Senate budget deal is overwhelmingly irresponsible

The Senate budget deal worked out on Wednesday should be vetoed by President Trump immediately – if it passes Congress, that is. The agreement would bust budget caps for military spending and it would create an explosion in domestic discretionary spending that is unaffordable to a nation already suffering from years of massive deficit spending. The Washington Examiner has conservative columnist Quin Hillyer's take on the so-called deal: A nation already reeling from years of massive deficit spending, including a demonic $666 billion deficit in the most recently completed fiscal year, cannot afford this new profligacy. The new spending will ...

Starbucks expands jobs, benefits and raises thanks to tax reform

Starbucks announced Wednesday that they will create 8,000 new jobs and 500 manufacturing positions along with spending $250 million on pay increases, new jobs, employee benefits and stock options for their partners at the company’s stores. The coffee giant cites the “recent changes in the U.S. tax law” for its decision. The Washington Examiner has the details: Starbucks announced Wednesday it will spend $250 million on pay increases, new jobs, and stock options for its 150,000 partners at the company's stores, plants, and support centers starting Jan. 1. The coffee mogul cited "recent changes in the U.S. tax law" for its decision to boost ...

Tax reform is already helping our economy!

For eight years, we saw our economy dwindling, businesses suffering and investments going overseas. Now there has been a major shift with the new tax reform law and American businesses are turning a new leaf, especially for American airlines. Businesses are starting to increase their corporate spending, especially for corporate travel. This is good news for a lot of airlines that depend on business travel and also good news for investors buying shares in these American airlines. CNBC has the details: Tax reform should boost business travel this year, according to Bank of America Merrill Lynch, and that in turn will boost shares of the country's ...

Manufacturers agree with President Trump: Tax reform is “rocket fuel” for the economy

President Trump’s historic tax plan has provided manufacturers with the ability to hire more workers and put more money back into the pockets of manufacturing workers. Real Clear Politics has the details: In the NAM’s latest quarterly Manufacturers’ Outlook Survey of our members, most respondents felt confident that tax reform would grow their businesses and help their workers. Sixty-three percent said comprehensive business tax reform would encourage their companies to spend more on their facilities and equipment, and 58 percent said they would expand their businesses. In addition, 54 percent said they would hire more workers, and ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 1/8/18

CALENDAR: The House will return Monday, and stay in session through Thursday. The Senate will also return Monday, and stay in session through Thursday. LAST WEEK ON THE HOUSE FLOOR: The House was not in session last week. THIS WEEK ON THE HOUSE FLOOR: The House will return Monday, with the first vote set for 6:30 PM. On Tuesday, they’re scheduled to try to take up 15 bills under Suspension of the Rules. On Wednesday, the House will take up S. 140, to amend the White Mountain Apache Tribe Waters Rights Quantification Act of 2010. On Thursday, the House will take up S. 139, the FISA Amendments Authorization Act of 2017. And ...

The passage of tax reform brings back the bull market

It’s been two weeks since the GOP tax reform package was signed into law and we’re already seeing a rise in the stock market. The Dow closed at 25,000 for the first time in history today and it’s only going to get better for businesses and investors. Fox Business has the story: The White House forecasts that U.S. growth could reach 4% once the economy experiences the full effects of the tax reform law, and any materialized gain in GDP would be building upon an already solid foundation. In the third quarter of 2017, the U.S. economy grew at 3.2%, the fastest rate since the first quarter of 2015 and also the first time since 2014 that the ...

Key changes in the tax reform conference report

Senate Finance and House Ways and Means staffers worked through the weekend last weekend to produce draft discussion documents. By the time the conference met officially on Wednesday at 2 PM, the negotiators had already wrapped up their agreement. For the most part, the conference report measure looks like the Senate bill. That’s not surprising, given that there’s less room for error in passing the final bill through the Senate – the more the conference report looks like the bill that passed the Senate, the better its chances of passage in the upper chamber. That’s not to say there were no changes from the Senate bill. There were. The ...

Republican tax plans strengthen small businesses and encourage innovation

The United States’ economic backbone was forged by the efforts of small businesses and entrepreneurs, and the vast majority of innovation in the U.S. is provided by smaller entrepreneurial companies. The House and Senate tax plans provide lower tax rates and deductions for small companies that provide the most innovation and jobs in America. The Washington Examiner has the details: To give this some context, there are approximately 3.4 million small companies that are classified as S corporations, LLCs or LLPs, and these firms employ more than 32 million people. That doesn’t even include sole proprietorships, which comprise 21.9 million of the ...

Axe ObamaCare’s individual mandate and let Americans keep more of their money

A primary goal of tax reform is to let Americans keep more of their hard-earned money and reduce the government’s undue influence over people’s personal choices. The individual mandate not only requires Americans to spend their hard-earned money, but it is literally a tax on our personal choices. The Daily Signal has the details: Zeroing out the individual mandate would put between $695 and $13,100 of individuals’ and families’ earnings back into their pockets if they decide it is not beneficial for them to purchase the type of health insurance that Obamacare requires. For many individuals, buying overpriced and highly regulated health ...