Taking measure of the Tax Cuts & Jobs Act
He was instrumental in its passage, but Sen. Orrin Hatch is not one to just leave it at that. His famed follow-through and thoroughness brought him home to see if the historic Tax Cuts and Jobs Act, the first major reform of the U.S. Tax Code in 30 years, was performing as planned.
As he has done all his career, the senator turned to NFIB when he wanted to take the pulse of small business, and that brought him to Utah Metal Works, March 29, to visit President Mark Lewon and his father, Don, who is chairman of the board. Mark Lewon also is on the leadership council of NFIB Utah.
Utah Metal Works recycles scrap metal and has 40 fulltime workers at its 10-acre business in Salt Lake City. Under the Tax Cuts & Jobs Act, its tax rate was reduced from the 35 percent rate to 21 percent.
“We really appreciate Senator Hatch’s visit to our plant today,” said Mark Lewon in a story on the senator’s website, “Senator Hatch shepherded through the 2017 tax cut plan which will allow us to take money that we would otherwise be paying in taxes, and instead reinvest it in our business. This will help us to improve our business and hire more people as we grow.”
As a result of the Tax Cuts & Jobs Act, Utah Metal Works plans to add another crane, similar to the one pictured here, to its capital inventory[/caption]
The senator asked the Lewons for their opinions on what more could be done to keep the newly revived national economy humming into the future. “Empowering small businesses was among my top priorities when I led the push for tax reform in December,” said the senator on his website. “When small businesses succeed, employees and their families gain greater financial security, allowing our communities to thrive. As Chairman of the Senate Finance Committee, I fought hard to advance a tax reform bill that would help the middle class, boost job growth and wages, and make America an even more welcoming place for small businesses.”
The visit to Utah Metal Works was arranged by NFIB Utah State Director Candace Daly and NFIB Senior Grassroots Manager Carolyn Hutsen. “One of the great benefits of membership in NFIB is our ability, through the reputation we have with elected officials as the true voice of small business, to arrange events and meetings that put our members in direct contact with the people who make the policies their enterprises must operate under,” said Daly. “Senator Hatch accepted our Small Business Challenge, which we offer throughout the nation, to come talk with some of our members and hear their thoughts, and NFIB thanks him for making the time.”