Yesterday, President Trump visited Sheffer Corp. in Blue Ash, Ohio to tout the early benefits of tax reform sweeping the country. Sheffer, a hydraulic and pneumatic cylinders manufacturer, is home to 126 employees—all of whom received $1,000 bonuses following the enactment of the Tax Cuts and Jobs Act.
As the company’s President and CEO, Jeff Norris, said before the speech, “Some people have said that’s ‘crumbs,’ but for the Sheffer people, we consider that fine dining.”
The president’s visit could not have come at a better time. Just last week, UPS, Lowe’s, Cigna, Thermo Fisher Scientific, and Hostess announced new rewards for their employees' due at least in part to tax reform. Yesterday, Anthem announced it will make $1,000 contributions to their employees 401(k) accounts.
And this month, as new withholding tables take effect, 90 percent of Americans will see more take-home pay in their paychecks thanks to the Tax Cuts and Jobs Act. The average family of four will save more than $2,000 this year alone.
Where Democrats see “crumbs,” Americans are seeing more money in their pockets as a result of the new law. From bonuses to wage increases and higher 401(k) contributions, tax reform is making life easier for hardworking people and families nationwide. And that’s what this is really all about.