Who couldn’t use a little more money in their pocket? Thanks to the Working Families Tax Cuts, there’s a good chance you’ll be seeing more money in your pocket when you file your taxes this year. Thanks to Republicans’ landmark bill, hardworking South Dakotans will see smaller tax bills and bigger refunds, and small business owners, farmers, and ranchers will also have more money to invest in their workers and operations.

Since we passed this major tax bill last year, it’s been great to hear firsthand how it’s benefiting South Dakota. Just recently, I joined a roundtable with business owners from across the state at Montgomery’s in Sioux Falls. One of the takeaways from that conversation is how this bill’s permanent tax relief provided much-needed certainty to local businesses. Permanent pro-growth provisions like the 199A small business deduction, 100 percent bonus depreciation, and lower tax rates give these businesses the certainty they need to invest in their operations, expand, and create jobs. One participant credited the bonus depreciation provision for helping his business build an addition and hire 10 employees this year.

The Working Families Tax Cuts also provided a major boost to American manufacturing. Bonus depreciation helps manufacturers invest in new equipment. Expensing for research and development helps drive innovation. And the full expensing provision for new factories and factory improvements helps grow our manufacturing sector. And these pro-manufacturing policies are at work in South Dakota. I recently visited Pivotal Health Solutions’ factory in Watertown and heard about how tax relief is helping their operations. And in Rapid City, I talked with employees at C-Lock’s manufacturing facility about the innovation happening there that supports agriculture in South Dakota and around the world.

While I was in Rapid City, I also had the opportunity to talk with auditors and accountants at Casey Peterson about how hardworking South Dakotans are benefitting from the Working Families Tax Cuts with lower tax bills and bigger refunds this year. Business owners I talk to throughout the state consistently mention that the biggest benefit from this bill for them is that their customers will have more money in their pockets. And one retiree in Sioux Falls wrote my office to share that he got more money back on his taxes this year than last year, and he’s hardly the only one. Thanks to Republicans’ landmark bill, a lot of Americans are seeing lower tax bills this year.

The Working Families Tax Cuts puts more money in Americans’ pockets. It helps to grow our economy, create jobs, and grow paychecks. It’s a recipe for a growing economy that benefits everyone, and I’m so glad to see it having a big impact right here in South Dakota.