When Cincinnati-based Sheffer Corporation hosted President Donald Trump’s tax reform speech on Monday, the company took the opportunity to share some big financial news.
Company officials announced that every Sheffer Corporation employee will receive a $1,000 bonus thanks to the savings realized through the Tax Cuts and Jobs Act.
“What we plan on doing with the tax savings: invest it in our people, our processes, and our equipment, and continue to try to make America great again,” said Jeff Norris, president and CEO of Sheffer Corporation.
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After listing other corporations that have made big changes, Trump invited two Sheffer Corporation employees to share what they plan on doing with the bonus.
“When they asked me what this would mean to my family, really what it means to my family is the same that it means to all hardworking American families right now who are reaping the benefits of your tax cuts. It means that we’ll have money in the bank, more money to make ends meet,” said Deana Spoleti, who has worked at Sheffer Corporation since 2012. She received a $1,500 tax cut in addition to the $1,000 bonus.
Sheffer Corporation machinist Tyler Berkshire announced that he would be saving the money to start a family and eventually buy a bigger house.
“It’s been way overdue for a president or any politician to pay this much attention to what it takes to make this country be as great as it can be,” said Helping Hands Healthcare CEO and 17-year NFIB member Chris Ellis.
Attending the speech alongside Ellis were 19 other NFIB members, including Steve Bruns, president of Bruns General Contracting in Tipp City, Ohio, and a 35-year NFIB member, who remains impressed with the president’s business dedication.
— NFIB Ohio (@nfib_oh) February 5, 2018
“As the president of the United States, he understands what makes a company successful and just as importantly what destroys the spirit of entrepreneurs—over-regulation and over-taxing,” Bruns said. “We work for a lot of very successful entrepreneurs. Everyone I spoke to is excited about the results they will see from this tax reform law. Tax reform was well past due and we have seen an almost immediate increase in business and an unbelievable change in clients, business friends, and sub-contractors attitudes.”
Minuteman Press owner and 27-year NFIB member Mike Geygan felt that the speech was refreshing.
“As a business owner, it’s easy to support the actions of President Trump to improve the business climate in our country. It has been a long time since business owners felt this positive about the future,” he said.
NFIB member Joe Poelking, of Poelking Lanes South in Dayton, Ohio, agreed.
“I found the speech by President Trump to be very positive and comforting,” said Poelking, an NFIB Leadership Council member. “I find that he is wanting to reinvest in America by building our infrastructure and bringing businesses back from overseas or other countries. I also found the speeches from the other business people and staff to be very uplifting and positive. It’s really good to see our President encouraging businesses growth and making it easier for small businesses to grow.”