West Columbia, S.C. – Today, Congressman Joe Wilson (R-Springdale) visited Bill Mooneyhan at Mooneyhan’s Auto Service in West Columbia, to congratulate him on its expansion. Mooneyhan will be adding a new bay onto the shop due to the success of the Tax Cuts and Jobs Act.
Wilson was joined by Ben Homeyer, State Director for the National Federation of Independent Businesses, which was instrumental in promoting tax reform drafted by President Donald Trump and Speaker Paul Ryan with Ways and Means Chairman Kevin Brady (R-Texas).
With the leadership of President Donald Trump, House Republicans and the anticipation of tax reform, an estimated 2.2 million new jobs have been created in the past year. Unemployment is down to 4.1%, the lowest since 2000, with record low unemployment for African Americans and Latinos. The Stock Market has risen 8,000 points since President Trumps Election, the largest percent gain since 1931, with American families financially strengthened by $8 trillion.
Tax cuts that create jobs were advanced with deregulation. President Trump reversed 22 regulations for every new regulation implemented.
Local success of the law was first heralded by Lou and Bill Kennedy, of Nephron Pharmaceuticals in Cayce, announcing 125 new jobs and a five percent pay increase.
Other South Carolina businesses have announced pay and benefit increases from CMC Steal Company to Hobby Lobby and Walmart’s across the state. Exxon Mobil is investing $50 billion in development as Apple and Starbucks are announcing extraordinary expansions and job increases.