President Trump Meets with Business Owners Who Have Shared Their Tax Benefits with Employees

Date: February 08, 2018

John Anfinson, NFIB member and owner of Cushing, Iowa-based Anfinson Farm Store, experienced a first last Wednesday when he was invited to meet President Donald Trump. He was joined by seven other U.S. business owners who are seeing the promised Tax Cuts and Jobs Act benefits.

Trump invited the business owners to the White House to thank them for sharing their new tax benefits with their employees.

“I work day-to-day every day with my employees in the fields and in our plant,” Anfinson said, according to the White House transcript of the meeting. “And I know them all very well and really appreciate everything that they do. And it’s important that we look after our employees.”

After the tax act passed in December 2017, Anfinson gave his seven full-time employees a $1,000 bonus—and a 5 percent pay raise.

“That way the money flows back into the community,” Anfinson told The Sioux City Journal.

Anfinson, who has been the owner of Anfinson Farm Store for 46 years, has also placed an order for new equipment thanks to the tax act. According to Anfinson, the cost of the equipment–almost $400,000–will be reinvested into the company.

“As far as the personal thing, I had a granddaughter and her husband who live in Boston, and they already seemed to have experienced the benefit of the bill. My granddaughter called me and said, between the two of those people, they’re going to have about $6,000 additional money they get to keep. It’s not a gift; they get to keep it,” Anfinson told the president.

Trump agreed with Anfinson.

“It is not crumbs. That I can tell you,” he said.

RELATED:

SMALL BUSINESS EXPECTS MASSIVE TAX CUTS AS NFIB’S TOP LEGISLATIVE PRIORITY NEARS THE FINISH LINE

WHAT TAX REFORM MEANS FOR SMALL BUSINESS OWNERS

PRESIDENT TRUMP VISITED NFIB MEMBER BUSINESS IN PITTSBURGH TO HIGHLIGHT TAX REFORM BENEFITS

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