The tax cuts passed during Pres. Trump’s first administration are set to expire at the end of this year, prompting the compilation of 1,230 testimonials and examples supporting their extension.
Pres. Trump and his Republicans colleagues trying to extend the Trump Tax Cuts before they expire are facing opposition by Democrats determined to obstruct any and all Trump initiatives – no matter how beneficial they might be to American workers and employers.
To demonstrate the importance of extending the Trump tax cuts, Americans for Tax Reform (ATR) has published a list of 1,230 examples of pay raises, new job creation, facility and product line expansions, special bonuses, utility rate reductions, 401(k) match increases and employee benefit increases attributed to the Tax Cuts and Jobs Act.
Employer testimonials explaining how the tax cuts have enabled them to expand their businesses and create more jobs are broken down by state, as well as by industry, including:
- Restaurants and Coffee Shops
- Small businesses
- Manufacturers
- Craft beverage producers
- Utilities
- Banks and Financial Services Employers
On Monday, ATR highlighted how the Trump tax cuts have benefited restaurants and coffee shops:
“In their own words, American restaurant and coffee shop owners thank the Trump tax cuts for facility expansion, equipment purchases, new job creation and pay raises. And now it is time to make the Trump tax cuts permanent and end the tax on tips in one big beautiful bill.”
A sample of the testimonials from across the country cited by ATR is provided below:
Sergio’s Cuban Cafe (Miami, Florida) – TCJA helped the restaurant create new jobs, expand its facilities and increase pay:
“I’m a son of Cuban immigrants that fled Cuba in the early 1960s. And thanks to this country, here we are. We-thanks to the strong economy and the tax cuts, our employees have-are benefiting from higher wages, bonuses that they weren’t able to receive before; benefits that they weren’t able to receive before.
We, as a company, currently have two restaurants out of the 25. We’re currently building three more. But thanks to the tax cuts, that expansion is going to accelerate, and hopefully, soon, we’ll be able to create an extra 500 jobs thanks to all. – April 15, 2019 roundtable in Burnsville, Minnesota.
Canal Coffee Shops (Bossier City, Louisiana) — Opened new locations:
“Starting in 2016, Mr. James and his partner, Pricilla Mayfield, opened their anchor store in downtown Kinder – small-town Louisiana. Remarkably, he built his business from the ground up and never took a loan. He went out and was a risk-taker, an entrepreneur, and it worked. He expanded his business to include shops in Oberlin and Shreveport which is our largest metro area in the district,” Johnson explained. “And now, with the implementation of our tax reform and our pro-growth, pro-business policies, Mr. James tells me he plans to open a fourth and now a fifth location in the very near future. This is a great success story, and this is the kind of thing we are seeing all around the country.” — June 21, 2018 Bossier Press article
Don Ramon Restaurant (West Palm Beach Florida) — TCJA helped the restaurant give pay raises and bonuses to employees and helped facilitate the purchase of new coffee machines and refrigerators in order to renovate and expand:
As the owner of Don Ramon Restaurant in West Palm Beach, I know the positive impact of small business better than most.
Because of the recently passed Tax Cuts and Jobs Act, we will pay lower taxes and qualify for higher deductions, leaving Don Ramon in a better position than ever before. We plan to open a takeout window and set up a customer bar, which would generate up to eight new jobs. We will also install new refrigerators and coffee machines, in addition to making much-needed renovations to better serve our customers.
Perhaps most important, all of our key employees received generous bonuses in December, and they will also see pay increases in the coming weeks. We take great pride in rewarding our workers, and the new tax code makes it much easier to do so. — Feb. 3, 2018 Palm Beach Post op-ed excerpt
Six Hundred Downtown Pizza Restaurant (Bellefontaine, Ohio) – Facilities expansion and new employee benefits:
“Brittany, where’s the pizza?” Trump asked Saxton. She said she’d been able to use the tax cuts to open a second location and provide health benefits to some managers and thanked Trump at the podium. – April 12, 2018 WTOP article excerpt
Smokey Row Coffee Shops (Des Moines, Iowa) — Company expansion:
When small business owners anticipated how much they would save in taxes under the federal Tax Cuts and Jobs Act, many reinvested those savings in their businesses and their employees.
Butch Hayes, of Smokey Row Coffee Shops, is planning to open two new stores. — June 3, 2019 Des Moines Register