A note on tax cuts and growing our economy
In the wake of this week’s tax vote, Boeing announced it would be investing $300 million into its employees and charities as a direct result. Boeing employs roughly 975 Southwest Washington residents, and is the largest private sector employer in Washington. Multiple large employers made similar announcements.
There are many who are fighting to maintain the status quo. They argue that Southwest Washington has recovered economically from the Great Recession, and therefore such an action by Congress to further grow and strengthen the economy was unnecessary. But the folks I talk to in Southwest Washington are not feeling this so-called “recovery.” I hear from those struggling to put money in savings or pay down medical bills as they wait for their next paycheck, and from those who are worried about keeping up with the rising cost of living in our region.
Boeing’s CEO said the tax cuts Congress just passed are the “single-most important thing we can do to drive innovation, support quality jobs, and accelerate capital investment in our country.” Read more here about how they’ve pledged to invest $300 million into their employees and charities.