Issues

McCarthy: America’s Comeback Starts Now

House Majority Leader Kevin McCarthy (R., Calif.) released a video on Tuesday touting an improved U.S. economy under the Trump administration and highlighting how several public utilities filed requests with their local public service commissions to lower rates.

The video first features McCarthy calling the economic recovery an "American comeback" and promising Americans that they will "have more in their paycheck," while defending the Republican tax reform bill on the House floor back in November.

The video then shows several clips of the media reporting positive economic numbers during Donald Trump's presidency in 2017, including the U.S. economy adding 2.1 million jobs in 2017, the black unemployment rate falling to a record low of 6.8 percent, and the Dow Jones Industrial Average passing the 25,000-mark for the first time in history.

There also is a clip about BGE filing with the Maryland Public Service Commission (PSC) to pass approximately $82 million in annual tax savings to customers, resulting from reductions in federal tax costs.

"The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018," the company said in a statement on Friday. "If approved by the PSC, the average BGE residential electric customer can expect to see an estimated $2.31 decrease on their monthly bill, and the average residential combined natural gas and electric customer can expect an estimated $4.27 monthly reduction, effective in February 2018."

Pepco, ComEd, and Eversource also announced that they will file with their local public service commissions to decrease rates for their customers.

"We are making America great again. You haven't heard that, have you?" Trump says at the end of the video.