West Columbia, S.C. – Today, Congressman Joe Wilson (R-Springdale) visited Cipkala, President and CEO of Solara Hospitality in West Columbia. Solara Hospitality owns and operates the The Residence Inn By Marriott in West Columbia, and is providing bonuses for their hotel’s hourly associates due to the tax cuts passed by Republicans.
With the leadership of President Donald Trump, Speaker Paul Ryan, and House Republicans, unemployment is down to 4.1%, the lowest since 2000, with record low unemployment for African Americans and Latinos.
The Business Roundtable, an association of America’s largest employers, is reporting that tax reform has already produced wage increases, bonuses, and increased matches for retirement savings, lower prices for consumers, investment in facilities and tens of thousands of new American jobs as a direct result of tax reform.
Business Roundtable members alone have provided over $545 million in bonuses to employees, with bonuses, wage increases and a range of other employee benefits to 1.6 million workers, along with $1.2 billion in charitable contributions.
In total, more than 270 companies have offered employee benefits as a direct result of tax reform, helping over three million American families.
Many businesses in South Carolina, some of which are based or have a large presence in Lexington County, have already announced pay and benefit increases, like CMC Steel Company, Tidewater Boats and Nephron Pharmaceuticals. Families all across the state are seeing their take home pay increase.
Nationally, Exxon Mobil is investing $50 billion in development as Apple, Aflac, UPS, Starbucks, Tyson Foods, and Walmart are announcing extraordinary expansions, bonuses, and job increases.