Press Releases
Out With the Old, In With the New (Tax Code)Today marks the end of an era—an era of high taxes and a complicated tax code that has burdened small business owners and hardworking Americans for decades. Today will be the last day Americans file their taxes under the old and broken tax code. That’s right, because the Republican Congress worked with President Trump and his Administration, Congress overhauled the 31-year-old tax code and unleashed an economic revival across our nation. American small businesses employ about half the private sector workforce and create seven out of every ten new jobs. Time and time again, we are hearing the praises of the Tax Cuts and Jobs Act from Silicon Valley to Main Street. Here are some stories from small business owners across our great land: Ohio When Julia Mueller, an employee of First Communications in Fairlawn, Ohio, learned her employer was going to give $1,000 bonuses to her and her co-workers this year, she had an immediate reaction: Tears. Sheffer Corporation’s CEO and President, Jeff Norris, from Blue Ash, Ohio, credits the Tax Cuts and Jobs Act for being able to give all 126 employees $1,000 bonuses. Kansas Wichita Railway Services’ CEO Bob Aldrich, in Wichita, Kansas, praised the big bonuses the company's employees received due to the tax reform law. Virginia "This is an opportunity we haven't seen during my career, as far as cuts in corporate tax rates," said Executive Vice President of F&M Bank Neil Hayslett in Harrisonburg, Virginia. "Rather than just banking all that, so to speak, we wanted to share it with the employees." Missouri Tax reform benefits are reaching ordinary workers at Dynamic Fasteners, in Raytown, Missouri. "We all benefit from the economy being better," said Solomon Essex, from Raytown, who's worked for the company for 12 years. "For the simple fact that it improves life. It improves everybody's life at the same time. The boost in the economy is a great thing.” Pennsylvania “The new tax law lowers taxes on our business, which gives us the ability to give back to our employees and invest in our technology infrastructure and partner relationships,” says Warren Chaiken, President and CEO, of Almo Corporation in Philadelphia, Pennsylvania. Georgia Donna Mincey, President and CEO of Mincey Marble in Gainesville, Georgia, said, “We have 300 employees and we’re giving $1000 bonuses to the people that have been there 10 years or more, $900 to 9 years, and $800 to 8 year employees and so on. People were jumping up and down, they’re so happy. There’s all kinds of things that $1000 will do.” |