WASHINGTON –U.S. Senator Lindsey Graham (R-South Carolina) today made this statement after Nephron Pharmaceuticals, a company in West Columbia, South Carolina, announced a five percent pay raise for all employees as a result of the Tax Cuts and Jobs Act becoming law.
Graham attended the celebration and congratulated Nephron on this significant announcement.
“I truly enjoyed being a part of today’s celebration as Lou and Bill Kennedy — the owners and founders of Nephron Pharmaceuticals — announced a five percent pay raise for employees as a direct result of the recent tax cut.
“This pay raise will increase the hourly workforce’s wage to fifteen dollars per hour and the average salary at Nephron to seventy thousand dollars per year. A five percent pay raise is real money to Nephron’s employees.
“This tax cut will work. It benefits American business and American workers. The combined effect of a five percent pay raise, a tax cut for working people, and an increase in 401k value is the best evidence yet that President Trump and the Republican Congress are delivering for hardworking Americans.
“The tax cut, along with deregulating America, will continue to grow the economy, making American business more successful and helping working people earn and save.”