90 Miles From Tyranny : 100 Manufacturers Have Boosted Hiring, Expanded, or Given Raises, Bonuses Thanks to Tax Reform

Friday, August 17, 2018

100 Manufacturers Have Boosted Hiring, Expanded, or Given Raises, Bonuses Thanks to Tax Reform

Lima Pallet Co. announced earlier this year it was adding 15 to 20 jobs as part of an expansion prompted by the 2017 tax-cut law—one of 100 manufacturers across the county identified by Americans for Tax Reform as increasing hiring, giving pay raises, or expanding their operations with new factories and equipment.

The Lima, Ohio-based business—which bills itself as a “Certified 100 percent Woman Owned Business”—manufactures custom wood pallets and crates and is investing about $500,000 in its expansion.

“Within probably the first week [of tax reform], we ended up giving all of our employees a raise, which has been much-needed,” said Tracie Sanchez, Lima Pallet co-owner and president, the local WLIO-TV reported in March. “We haven’t been able to do that for several years in a row. We also invested in some equipment.”

The Tax Cuts and Jobs Act, signed into law in December, cut corporate and individual income tax rates and eliminated some tax loopholes.

“Thanks to the tax cuts passed by the Republican House and Senate and signed into law by President Trump, manufacturers are building new facilities, purchasing new equipment, hiring new employees, and investing in current employees through bonuses and increased benefits,” a statement Wednesday from the nonprofit Americans for Tax Reform said.

Although no Democrats in the House or Senate voted in favor of the Tax Cuts and Jobs Act, it seems to be benefiting blue states as well as red states.

Rockford Ball Screw in Rockford, Illinois, was looking to hire 25 more employees to its staff of 70, the Rockford Register Star reported in June. The company’s owner credited the federal legislation for the broader expansion, which includes a 60,000-square-foot plant in Southrock Industrial Park. The company makes guide rails and ball screws, a lead screw tool that transforms rotational motion to linear motion.

The Hagerstown, Maryland-based Jamison Door Co. is increasing its workforce by 115 percent over the next three years, the National Association of Manufacturers said in July. The company manufactures...Read More HERE

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