President Donald Trump signed Congress’ comprehensive tax reform package, a WBA top priority this session. This extensive rewrite of the tax code will benefit individuals and businesses, including banks. Prior to its passage, we have witnessed many banks, including Wisconsin banks, indicate they will provide higher wages, greater community and charitable support, and other benefits as a result of the lowering of the corporate tax rate. The economic growth that will come from this reform is meaningful and exciting.
WBA wishes to thank Speaker Paul Ryan for his leadership on this historic initiative, as well as President Trump for signing this important measure into law.