“American workers will see higher take home pay thanks to the Working Families Tax Cuts law. Republicans are creating an economy that works for working Americans. We are creating a prosperous America.”

WASHINGTON, D.C. – U.S. Senator John Barrasso (R-Wyo.), Senate Majority Whip, today spoke on the Senate Floor about how Republicans’ Working Families Tax Cuts Act puts more money in the pockets of American workers, helps small businesses grow, unleashes Wyoming energy, and boosts American manufacturing. 

Click HERE to watch Senator Barrasso’s remarks.

Sen. Barrasso’s remarks:

“Republicans have a simple message for the American people. We are putting more money in your pockets. We are creating new opportunities for your future. Working Americans are seeing and feeling it today.

“Americans are no longer seeing the sky-high price increases they suffered through under Joe Biden. Five years ago, inflation began to soar. Democrats’ reckless, tax-and-spending bill is why. Democrats caused inflation to rise to a 40-year record high.

“Over the last year, Republicans eliminated billions in wasteful Washington spending. The pressure on prices is now easing. Families in more than 40 states

are paying less than $3 for a gallon of gasoline. In my hometown of Casper, Wyoming, we paid less than $2 per gallon last week. Lower gas prices impact everything else in the economy – from groceries to commuting to work to keeping a ranch or factory running.

“Lower prices are happening because Republicans changed the direction of the country. We promised to cut burdensome Biden regulations. And we have. We promised to unleash American energy. And we have. We delivered on our promises.

“Under the Trump administration, oil and gas permits are up 55 percent in one year. The United States has never produced more energy than we are right now. Energy dominance is fueling an Opportunity Economy.

“America is also standing up for our manufacturers. Republicans’ Working Families Tax Cuts law invests in businesses that build things – and build them here at home. It allows for full expensing for factory improvements, new machinery, and farm equipment. It encourages businesses to innovate by restoring full and immediate expensing for research and development done right here in America. It makes those changes permanent.

“For businesses, that means it is more affordable to build in America. Not five years from now, but today. Not overseas, but in places like Wyoming. Pro-growth policies are already driving a surge of business investment. More investment means more manufacturing here at home. More manufacturing leads to high-paying jobs – from construction sites to the assembly line. More manufacturing also encourages more production. More production means prices go down. Small businesses are the engine of American prosperity.

“The Working Families Tax Cuts law helps small businesses all across America. The law makes permanent the 20 percent small business tax deduction. Every Democrat voted against that. Republicans are focused on helping small businesses grow.

“So, American workers are the clear winners in what we’ve done in the Working Families Tax Cuts law. You know, what we’ve put in that law – No Tax on Overtime – that means a lot for the miners and linemen in Wyoming. They’re going to be able to keep $1,400 more this year in their paychecks.

“Now, the Democrat Leader, Senator Schumer, was just on the Floor, and he talked about firefighters. Well, firefighters work a lot of overtime. They need to stay on the job. They do that. No Tax on Overtime, now that means more money in their pockets to take home. Firefighters, the nurses in Wyoming, they’re happy with what we’ve done. Chuck Schumer – who was just talking about it – voted against it. The Democrats wanted to raise taxes by $4 trillion. How is that going to help our country? It’s not.

“And then I heard Senator Schumer talk about bartenders. Well, we say No Tax on Tips. Bartenders get tips as part of their pay. So do waiters, waitresses, lots of people work with tips. No Tax on Tips – every Democrat voted against that… They’d rather take that money for themselves. They like the tips. They want them to go to the tax so they can spend more. We said No Tax on Tips.

“Look, this is money that our workers in America have earned. They ought to be able to benefit from it. Not going to be wasted anymore by these unaccountable, unelected, heavy-handed bureaucrats who think they know better than the American people. And it’s certainly not going to continue to be stolen like it has been by these fraudsters in Minnesota while the Democrats look the other way.

“In all, American workers will see higher take home pay thanks to the Working Families Tax Cuts law. Republicans are creating an economy that works for working Americans. We are creating a prosperous America. An America where all citizens are free to save. To build businesses. To control their family’s future.

“It is no wonder that the University of Michigan found that consumer sentiment continues to rise. That confidence rose the most among blue collar workers – the workers who were hit hardest by the Democrats’ unaffordable economy.

“Republicans stopped the Democrats’ $4 trillion tax increase. We eliminated burdensome regulations and unleashed American energy. That is why Americans today are seeing more money in their pockets. They are seeing more opportunities in their future.

“This economic progress is just the start of the prosperity to come.”

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