Rep. Kelly Honored by Job Creators Network for Role is Passing Pro-Growth Tax Reform

Aug 21, 2018
Rep. Kelly with Tim Jones (left) and Paul Nelson, owner and CEO of Waldameer Park (right)
Rep. Kelly Honored by Job Creators Network for Role is Passing Pro-Growth Tax Reform

Receives Defender of Small Business Award during “Tax Cuts Work” rally at Waldameer Park in Erie

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WASHINGTON — U.S. Representative Mike Kelly (R-PA) – a member of the House Ways and Means Committee – was given the Defender of Small Business Award by the Job Creators Network (JCN) yesterday afternoon during the latest stop of its national “Tax Cuts Work” bus tour at Waldameer Park and Water World in Erie, PA. The award was presented in appreciation of Rep. Kelly’s personal role in helping to craft and pass the Tax Cuts and Jobs Act, which JCN calls “the largest tax cut in history” and “the most important pro-growth legislation in decades.”

Statement by Rep. Kelly:

“Thanks to the Tax Cuts and Jobs Act, a typical family of four in our district will enjoy nearly $2,500 per year in more take-home pay. For most Pennsylvanians, that’s an extra mortgage, or a down-payment for a new car, or a family vacation. It certainly isn’t crumbs. On top of that savings, millions of workers are also getting pay raises and new bonuses from their employers because of the lower tax rate on small businesses. In fact, since tax reform was signed into law, businesses throughout our country have created more than 1.5 million new jobs and counting. And thanks to the law’s new Opportunity Zones program, private investors have a new incentive to make long-term investments in those of our communities that have faced economic hardships. This means many more job opportunities are coming home!”

Alfredo Ortiz, JCN President and CEO:

“Mike Kelly is a small business owner. He knows how important it was for Washington to make the tax code more competitive. He’s been one of the strongest leaders in Congress on this issue, and he’s a true defender of small business.”

Paul Nelson, Waldameer Park Owner and CEO:

“Waldameer is a park with a record-breaking year. We have families with smiles. Why? They have jobs and, yes, they have bigger paychecks. Yes, Mike Kelly had a lot to do with this. … As an example of what the new tax law has done for Erie, Waldameer is now setting up a new 10-year plan. What we have previously done every year is eschew a 10-year plan—when we work down to the end, we start all over again. … This is what I have come up with: in the next 10 years, we will invest $60 million more in the park. We’ll borrow the money from PNC Bank, and then pay them with the tax refunds. This will permit us to create over 100 new jobs for the summer also. What we do is we reinvest our money. We don’t put it in our pockets.”

NOTE: More information about the new Opportunity Zones program – established by the Tax Cuts and Jobs Act – can be found here, here, and here. In Pennsylvania’s 3rd Congressional District, approved Opportunity Zones so far are located in Butler County (1), Clarion County (2), Mercer County (2), Lawrence County (4), and Erie County (8).

 

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