04/07/2008
CONTACT: Ellen Valentino, 410-693-2226 or Jason Brewer, 202-406-4435
NFIB member already using stimulus provisions to expand operations at McCutcheon Apple Products
WASHINGTON, D.C. -- When Bob McCutcheon was invited to the White House in February to attend the bill-signing ceremony for the economic stimulus package passed by Congress, he described the event as a once-in-a-lifetime experience. But less than two months later, he's back at the White House to discuss the effect the stimulus plan will have on his business.
"I'm excited to have the opportunity to be back at the White House to discuss the stimulus package and the impact will have on my business plans," said McCutcheon, owner of McCutcheon Apple Products in Frederick, Md. "I can't speak for every small business owner in America, but I can report to the president that the stimulus plan is already paying dividends for my business -- we're investing in new equipment as a result of the new law."
While much of the attention has been focused on rebate checks for individual taxpayers, key elements of the stimulus package focus on tax and expensing provisions for small business that made it more attractive to buy new equipment and expand operations. McCutcheon said he appreciated being brought back to the White House to update the president on the effect of the new law.
"It was a real honor to meet with the president, and heartening to see his concern for how legislation in Washington impacts employers like me across the country," McCutcheon said.
McCutcheon told the president that the stimulus package encouraged him to speed up new investments, something that will have a real impact on his company and the local economy.
"We had been planning on making these purchases a few years down the road," McCutcheon said. "But the stimulus plan made making those purchases now a smart move, and we're taking advantage of the tax incentives to grow the business and add more jobs."
