Rep. Ratcliffe hosts Tax Cut Roadshow in Northeast Texas
Visited local businesses impacted by tax cut law
Washington, DC, April 25, 2018
Rep. John Ratcliffe (R-Texas) hosted the Northeast Texas Tax Cut Roadshow Monday, where he visited businesses in Texas’ 4th Congressional District that were positively impacted by the Tax Cuts and Jobs Act. The Roadshow included stops at Cypress Bank, Tyson Foods and 903 Brewers.
“I voted for the Tax Cuts and Jobs Act because I firmly believe that putting more money back into the hands of the American people is the right way to fuel robust economic growth on a local and national level. Since this bill was signed into law, we’ve already seen an enormous positive impact here in Northeast Texas,” Ratcliffe said.
“I’ve been grateful to hear from local employers across Texas’ 4th District about the huge investments they’ve been able to make – through employee bonuses, increased retirement savings matching, educational opportunities and facility upgrades – thanks to savings from our tax cut law. I wanted to take the time to highlight these successes on the Tax Cut Roadshow.”
Ratcliffe’s first stop was at Cypress Bank, a community bank in Pittsburg, Texas, which gave out $50,000 in employee bonuses, increased 401(K) matching and invested in remodeling its facilities with savings from the Tax Cuts and Jobs Act.
Ratcliffe visits Cypress Bank in Pittsburg, Texas
Ratcliffe then visited Tyson Foods in Sherman, Texas, one of the largest employers in Texas’ 4th District. As a result of the Tax Cuts and Jobs Act, Tysons Foods gave bonuses ranging from $500 to $1,000 to its employees, and it invested in educational opportunities for team members, as well as capital projects to promote future growth.
Ratcliffe visits Tyson Foods in Sherman, Texas
The final stop on the Roadshow was at 903 Brewers, a local brewery in Sherman, Texas. The Tax Cuts and Jobs Act is saving 903 Brewers thousands of dollars each month, which is being reinvested into its employees and into improving its facilities.
Ratcliffe visits 903 Brewers in Sherman, Texas
Since the Tax Cuts and Jobs Act that Ratcliffe voted for in Congress was signed into law, nearly 500 companies have announced pay raises, bonuses or 401(K) hikes that will benefit 4 million Americans nationwide. The average family of four in Texas’ 4th District is expected to save an average of $2,400 annually as a result of the reforms included in the law.
More information about the Tax Cuts and Jobs Act is available at fairandsimple.gop.