U.S. Sen. Todd Young heard the 2017 federal income tax cuts endorsed by the owner of a Fort Wayne towing company Friday.
Dan Parker of Parker Towing & Recovery said the savings from cuts have helped him buy more trucks, acquire another building for his operation and give employees up to $2 an hour in pay raises.
“We don't really do a lot of politician talk here, but I do tell them the reason they are getting increases is they are doing a good job along with the government allowing us to give them the increase in pay,” Parker told Young, R-Ind., in the Parker Towing office along St. Joe Road.
“You have to have good people around you. And so I want to reward them for what they do for me and my family,” Parker said.
“It sounds like you've created a really supportive environment,” Young told him.
Parker Towing employs about 75. Parker said wages range from $10 an hour to $28. The 10,000-square-foot building on Congressional Parkway he acquired will house truck dispatchers, a repair shop and company offices.
The Trump administration has insisted the Republican tax reductions will pay for themselves by spurring economic growth, while critics contend the cuts mostly benefit the wealthy and are swelling the federal budget deficit.
Young, who voted in favor of the tax legislation, said that revised tax revenue projections “look very positive.” He said he thinks the tax cuts will boost business startups and prevent American companies from moving their headquarters to low-tax countries.
“It wouldn't surprise me if within 15 years the combination of the tax cuts and the change in regulatory atmosphere that we've been able to implement just over the last couple of years would be if not revenue neutral, it would lead to more revenue coming into the federal government,” Young said in an interview.
The day before his Fort Wayne visit, the Senate voted 59-21 to pass a resolution blocking President Donald Trump's national emergency declaration for building a wall on the U.S.-Mexico border. Young and Sen. Mike Braun, R-Ind., opposed the measure.
Young said Friday that Trump's emergency declaration “was not only lawful but also a response to a genuine crisis on our southern border, and that crisis is humanitarian in nature because of the human trafficking disaster and narco-trafficking disaster. But it's also a threat to our nation's sovereignty if you can't maintain a measure of border security, and we've had difficulties doing that for really some time now.”
But he also said the National Emergencies Act “needs to be tightened up so that Congress can exercise narrower and more robust oversight over invocation of a national emergency in the future. I signed on to legislation that would do that.”
Young indicated he would oppose voting to override Trump's promised veto of the resolution. Later in the day, Trump issued the veto.
Young was scheduled to be the keynote speaker at Friday night's Wells County Republican Party Lincoln Day Dinner in Ossian.