Tags: Trump Administration | Trump Tax Reform | conway | companies | investing | employees | gop

Conway: American Companies Already Investing in Their Employees

Image: Conway: American Companies Already Investing in Their Employees
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By    |   Thursday, 21 December 2017 09:18 AM

Companies are already investing money they'll be saving through tax reform legislation passed on Wednesday back into their customers, presidential counselor Kellyanne Conway said Thursday, showing that Democrats' complaints that the legislation would only benefit the wealthy is "already not true."

"You saw the anticipation and expectation of this tax cut was having a positive impact on so many business decisions from these employers," Conway told Fox News' "Fox & Friends" program. 

"Now they are actually putting the money immediately in the pockets of their employees," she said. "I would also say that those Democrats and really their friends in the mainstream media who predicted that this would only be for the wealthy, that this would hurt the middle class, little guy, that got upended hours after it passed. It's already not true."

On Wednesday after the tax bill passed, several businesses, including Comcast, Boeing, Fifth Third Bancorp and Wells Fargo announced they were either giving their employees bonuses in celebration of the tax cuts, or that they were increasing their minimum wage payments. Earlier in the day, AT&T announced it would give more than 200,000 workers a special $1,000 bonus to celebrate the bill's signing.

"Did you go back to the state where Boeing is, where Wells Fargo is, and Comcast is, and say, 'I thought you said you had to be against this because it was going to help the wealthy?'" Conway said.

"'I don't consider myself wealthy,' those employees are going to say, 'I'm glad this president and Republican Congress passed it.'"

The new tax code will be much simpler, but the new bill adds even more benefits, said Conway, pointing out that it ends the Obamacare mandate and allows for Alaska energy development.

"You have the repealing of the Obamacare mandate, which was supposed to attract young and healthy to Obamacare exchanges," said Conway. "The only thing it did was cause insurers to flee from the Obamacare exchanges, and have that part of the market starts to collapse.

"Thirty million Americans right now don't have health coverage post Obamacare. This president is committed to doing that and then, of course."

Meanwhile, the nation has already had two consecutive quarters of 3 percent-plus GDP, marking growth before the tax cut bill, and the administration hopes that growth will continue.

"[The president is] focused on the men and women of this country," said Conway. "There is no accountability from their office holders. They get up every morning already exhausted. Go to work. Work hard, pay their taxes, pay their dues, live an honest live and yet are white knuckled at the end of each month trying to pay that student loan voucher, that student bill, that mortgage. This one is for them."

By February, she continued, Americans will see their paychecks be higher because of the tax cuts, and in April, "they know they are facing the IRS again, but with a very different relationship."

Conway also appeared on Fox Business' "Mornings with Maria," where she praised President Donald Trump for doing a "fantastic job" selling the tax cut bill, and said the president will remain active when it comes to America's economy.

"He has been intimately involved with the details and certainly with explaining to the American people what it would do for them," said Conway. "I think you can expect the president to be very active."

Conway also commented on the work being done now to finalize a spending bill and prevent a government shutdown before Friday night's deadline.

"It would be a shame if the Democrats force a shutdown of the government," she said. "That would be irresponsible. We want to fund the government. This team is committed to keeping the government open."

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Companies are already investing money they'll be saving through tax reform legislation passed on Wednesday back into their customers, presidential counselor Kellyanne Conway said Thursday...
conway, companies, investing, employees, gop, tax cut
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2017-18-21
Thursday, 21 December 2017 09:18 AM
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