The Economy is Celebrating Sweeping Tax Reform

The benefits of tax reform can be seen from coast to coast with over 400 companies providing bonuses, raises, or other positive investments into their workers. More importantly, Texas is experiencing economic growth, from small businesses like female-owned engineering company, Leak Sealers, to larger companies like AT&T and Exxon Mobil.

“Texas is a big winner because of the Tax Cuts and Jobs Act. It will create 81,000 new good paying jobs in our state alone….This historic tax reform is making a real difference for our families and for our workers.”

– U.S. Congressman Kevin Brady (R-TX).  Chair of the House Ways and Means Committee.

Here’s what a few Texas companies have said after tax reform was passed:

Happy State Bank (Happy, TX)
“Our board is really excited to pass a major portion of our bank’s tax benefit over to our employees.  For many of our employees, the raise will be life-changing.” – J. Pat Hickman, Chairman and CEO

Group 1 Automotive (Houston, TX)
“We decided the best investment we could make was in the people serving as the face of our company every day…These people are the heart of the Company.” – Earl J. Hesterberg, President and CEO

Leak Sealers (Beaumont, TX)
“We’ve been incredibly successful, and I’ve never seen anything like it, the way business has been roaring…We’re appreciative and we want to share it with our employees.” – Henry Adams, CEO 

Camp Construction Services (Houston, TX) 
“Because of the reduction in Corporate taxes we, as will all businesses, benefit from this tax cut. We believe that YOU are the reason for our success. And now that we will be giving less of our hard earned income to the federal government, we can share some of it with you.”

Rush Enterprises, Inc. (Houston, TX)
“We believe tax reform to be beneficial for Rush Enterprises, our communities and overall economic growth…We are happy to take this step to invest in our employees and honor their important contributions to our company with this $1,000 gift” – W.M. “Rusty” Rush, Chairman, CEO, and President

Exxon Mobil (Irving, TX)
“These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law…These positive developments will mean more jobs and economic expansion across the United States in a myriad of industries.” – Darren Woods, Chairman and CEO