The Republican tax cuts continue to spur investment in the United States, with ExxonMobil the latest company to announce a massive investment in its American workforce.
ExxonMobil will invest more than $50 billion over the next five years to expand its business in the U.S., including billions to increase oil production, expand existing operations and build new manufacturing sites, creating thousands of new jobs. The announcement puts ExxonMobil among more than 200 businesses that have already made public their plans to give bonuses and pay raises to employees or expand operations as a result of the Republican tax plan.
Democrats have struggled to rationalize their votes against the tax cuts, and now have another 50 billion reasons to try to distract from the plan’s early success.