(202) 224-4515 Katie Niederee, Julia Lawless
Small Businesses Deliver Tax Reform Benefits, Too
Since tax reform became law in December, good news has splashed across major headlines. Dozens of Fortune 500 companies are boosting employee benefits, bringing money home from abroad, investing in America, and more. Complementing those headlines are stories of smaller companies throughout the United States that are using tax reform to benefit their local communities.
Take a look at a few examples of tax-reform benefits reaching hardworking Americans in their hometowns:
West Palm Beach, Fla.: Don Ramon Restaurant
This Cuban restaurant is using tax cuts to give employees bonuses and wage hikes, and to make improvements to their business. The restaurant plans to invest in a takeout window, customer bar, new refrigerators and coffee machines. These investments will create more jobs and improve customer experience at the restaurant.
Griffin, Ga.: Shred-X Corporation
This 10-person, family-owned document shredding shop is hiring a new employee and investing in equipment.
Cushing, Iowa: Anfinson Farm Store
A family business, Anfinson announced $1,000 bonuses and 5 percent pay hikes for its full-time employees.
Southeast Texas: Leak Sealers, Inc.
A woman-owned engineering company, Leak Sealers, Inc., announced that it would deliver bonuses to its 100 employees thanks to tax reform.
Raytown, Mo.: Dynamic Fasteners
Dynamic Fasteners, a sheet-metal screw and rivet seller, delivered bonuses of up to $1,000 to its employees. It also plans to open a new paint shop because of tax savings.
North Lima, Ohio: Sheely’s Furniture and Appliance
Sheely’s Furniture rolled out bonuses of up to $1,000 for about 140 employees. It also plans to open a 4,500 square foot extension for Sheely’s Bargain Bonus Center.
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