WATCH: Tipton Speaks on House Floor on the Success of Tax Reform
WASHINGTON, D.C. – Congressman Scott Tipton (CO-03) took to the House Floor earlier this week to speak about the success that families and small businesses in Colorado are currently experiencing thanks to the Tax Cuts and Jobs Act.
Click HERE to watch floor speech.
Congressman Tipton said (in part):
I supported the Tax Cuts and Jobs Act because as a former small business owner, I know the immense challenges a complex tax code can present to business owners, workers, and families alike.
When H.R. 1 was signed into law, it opened the door to a new era of prosperity for Colorado and the country, and the evidence is all around us. We have already seen over one million jobs created. Hundreds of companies have contributed $4 billion in bonuses, impacting over four million workers. The unemployment rate is at the lowest level it has been in half a century. And small business optimism has hit an all-time high.
In Alamosa, Colorado, tax reform has helped First Southwest Bank stay in town and provide financial services products to its community – a key driver of economic growth and success in smaller towns across the country. As CEO Kent Curtis said after passage of tax reform, “We’re excited to take advantage of the tax reform and give the positive impact it has on First Southwest Bank right back to our team members and the rural Colorado community. By being able to provide a higher living wage to our starting employees, and invest in our team, we can be a catalyst for economic growth, and reaffirm our commitment to a better quality of life in all of the rural Colorado communities our branches serve.” First Southwest Bank has raised its starting wage to $14 dollars an hour plus full benefits – a major success for a small community in Southwest Colorado.
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