The moment the GOP tax bill was signed into law, amazing things started to happen. Major companies announced pay raises, bonuses, and increases in charitable spending.
Companies, from Starbucks to NBC Universal, have announced greater investments in their staff. They are rewarding employees in ways they couldn’t before. All because Trump was able to make good on his promise to slash taxes.
Other businesses announced new investments in the economy. We will be seeing new plants and factories being built across the country. Now a yuge company will be taking cash from overseas and putting it back into the United States.
On Monday, oil giant Exxon Mobil touted Republicans’ tax reform legislation — but didn’t explicitly credit the reform — when it announced it would expand its United States investment by more than $50 billion over five years.
“These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law,” Darren Woods, the company’s CEO and chairman, said in a post…
Woods also touted “sound … regulatory policies that create a pro-growth business climate here in the U.S.” and cited how several other companies announced plans to invest in the country…
“For instance, we will be investing billions of dollars to increase oil production in the Permian Basin in West Texas and New Mexico, expand existing operations, improve infrastructure and build new manufacturing sites.”
“This will create thousands of jobs, strengthen the U.S. economy and enhance energy security.”
During the Obama years, we saw company after company abandon ship. They were closing plants in the U.S. and moving to greener pastures.
Why? Because democrats like Obama taxed them into oblivion. They also burdened businesses with massive regulation, adding complications and huge costs to what they do.
Then Obama had the audacity to say those jobs weren’t coming back.
When Trump took office, he made sure things would change. He slashed regulation with brilliant executive orders. With help from the GOP, he secured a historic tax cut. Obviously, this makes working the U.S. incredibly attractive, to American companies and others.
We said that more companies would announce big things. Exxon is just another in a long line of successes. But will the lying media give Trump credit? Of course not.