Trump tax cuts helped me reinvest in my business: Small business owner

Trump tax cuts helped me reinvest in my business: Small business owner


>>WE ARE SUPPORTIVE OF YOU IN OUR COMPANY AND WE ARE SO GRATEFUL FOR THE WORK YOU HAVE DONE. THANK YOU FOR EVERYTHING. PRESIDENT TRUMP: YOU HAD YOUR BEST YEAR?>>MY BEST YEAR IN 17 YEARS. CHARLES: THAT WAS BUSINESS OWNER MARY BETH HARTMAN DISCUSSING HOW HER COMPANY HAD THE BEST YEAR IN 17 YEARS THANKS TO THE ROLLING BACK OF BUSINESS REGULATIONS. THANKS A LOT FOR JOINING US. THAT WAS A MOVING TESTIMONIAL YOU GAVE YESTERDAY. I THOUGHT IT WAS FANTASTIC IN THE SENTENCE YOU CONNECTED REAL LIFE WITH POLICY. I THINK A LOT OF TIMES THAT GETS GLOSSED OVER WHEN PEOPLE READ NEWS OR DON’T UNDERSTAND HOW IT IMPACTS THEM. EXPLAIN TO THE AUDIENCE HOW THINGS CHANGED FOR YOU AND YOUR COMPANY.>>IMMEDIATELY UPON HIS ELECTION THINGS CHANGED FOR ME IN THE WAY I THOUGHT ABOUT THE ECONOMY. ONE OF THE BIGGEST DRIERVES IN MY OPINION FOR THE ECONOMY IS CONSUMER CONFIDENCE. THROUGHOUT HIS CAMPAIGN HE TALKED ABOUT TAX REFORM AND TAX CUTS WHICH HAS BEEN CRIPPLING TO MY BUSINESS. AT THE TIME I HAVE A MEASURE BANK ACCOUNT BAIL’S TIME FOR ME TO SEND MY QUARTERLY TAXES AND IT STIFLED THE BENEFITS I AM ABLE TO GIVE MY EMPLOYEES. CHARLES: YOUR BUSINESS IS?>>WE ARE A SMALL, LOCAL, 30 EMPLOYEES, AND WE DO CONCRETE CONSTRUCTION FOR MUNICIPALITIES IN OUR AREA. CHARLES: YOU BOUGHT TRUCKS FOR YOUR SUPERVISORS. YOU FUNDED YOUR PENSION PLAN, AND YOU WERE ABLE TO YOU GIVE OUT BONUSES.>>WE DID THAT. WE ALSO BOUGHT NEARLY A HALF MILLION — WE REINVESTED A HALF MILLION INTO NEW EQUIPMENT AND TRADE-OFF AND DOING DEFERRED MAINTENANCE WE HAD NOT FELT WE COULD AFFORD TO DO. A LOT OF THAT WAS THE FOOTER OF NOT BEATING IN FUTURE WAS GOING TO BE. I WANT TO MAKE A CLARIFICATION ON THE PENSION PLAN. THE PENSION PLAN IS FROM OUR LOCAL LABORS UNION. IT’S SOMETHING THEY HAVE BEEN CONCERNED ABOUT BECAUSE IT HAS BEEN UNDER FUNDED FOR SO MANY YEARS. IS A TALKED TO THEM LAST COUPLE DAYS, THEY ARE AT 94% FUNDED AND EXPECT TO BE FULLY FUNDED BY 2020 IF NOT BEFORE. THAT’S ONE OF THE BIGGEST THINGS FOR THE WORKING CLASS PEOPLE, WHETHER THEY HAVE THEIR MONEY IN YOU A SAVINGS ACCOUNT, CD OR STOCK MARKET OR PENSION, THAT’S A SIGNIFICANT THING. CHARLES: TELL US ABOUT THE ELSE BRING -ING –NG –TELL US ABOUT THE ESPRIT DE CORPS.>>BECAUSE THEY ARE UNION EMPLOYEES THEY HAVE A RICH BENEFIT PLAN AND A HOLIDAY PAY THEY GET AROUND THANKSGIVING TIME. BUT WHAT I DID FOR MY TENURED EMPLOYEES, I OFFERED THEM AN ADDITIONAL ONE WEEK’S VACATION. THAT’S BEEN MEANINGFUL FOR THEM. SO THAT IS JUST ONE OF THE THINGS THAT’S HAS BEEN ABLE TO OCCUR BECAUSE OF THESE TAX CUTS.

6 comments

  1. They've been in Business for 17 years, so it's typical for their latest year to be the most Profitable. The Company primarily does MoDOT work, which if I'm correct is paid for by Tax dollars so "Consumer confidence" doesn't apply here – Tax dollars spent on Infrastructure does. Don't get me wrong, this is a GOOD THING! But mostly for her (who is over selling how great this is because of), and maybe her employees, but that's it…

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