WATCH NOW: #SubEnergy hearing on the benefits of #taxreform on the energy sector and consumers -> https://energycommerce.house.gov/hearings/the-benefits-of-tax-reform-on-the-energy-sector-and-consumers/ …
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The new tax law is the most comprehensive rewrite to the tax code in more than three decades. Across the country, its impacts on our economy are already evident, in the form of reduced tax burdens and more money in the pockets of middle class Americans.
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This is not just partisan political rhetoric - we are actually seeing the benefits of tax reform across the United States economy. Since the beginning of 2018, the country’s GDP has risen by 2.2 percent.
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Since the passage of the Tax Cuts & Jobs Act, utility companies in 48 out of 50 states, & DC, have taken action to pass their tax savings on to their customers. In my home state, several utilities have publicly announced their plans to pass on their savings to Michigan families.
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#Taxreform has helped spur economic growth and investment for our nation’s manufacturing sector and enabled the build-out of more energy infrastructure.Show this thread
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