Tag: tax cuts

Small Business Owners: Trump’s Tax Cuts Miraculous for Tennessee

Chris Butler
Marsha Blackburn

FRANKLIN, Tennessee — The national economy is on fire right now, thanks to Republican President Donald Trump’s tax cuts. Yet this story isn’t getting the media coverage it deserves. Tennessee’s small business owners, meanwhile, are thriving. They’re expanding their businesses. They’re hiring more employees. As if it wasn’t already obvious, that’s because they suddenly have more cash at their disposal. These were among the key messages conveyed at an event at The Factory at Franklin Wednesday. The Atlanta-based Job Creators Network, a small business advocacy group, organized it. U.S. Rep. Marsha Blackburn (R-TN-07), one of the speakers and the Republican nominee for the U.S. Senate seat being vacated by Sen. Bob Corker (R-TN), told The Tennessee Star the tax cuts have made Tennessee’s median income rate grow faster than any state in the American Southeast. Tennessee’s median income rate, meanwhile, is one of the five fastest growing nationwide. “The state is at 2.7 percent unemployment, and that is why you are seeing the aggressive wage growth,” said Blackburn, currently running to replace Bob Corker in the U.S. Senate. “Business owners can pay their employees more and not have people leave, so there is no constant retraining for them to have…

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Trump Tax Cuts At Risk: Democrats Conspire to Repeal While Record Low Unemployment Surges

Julie Carr
Steve Gill

Tennessee Star Political Editor Steve Gill discussed on Monday’s edition of The Gill Report – broadcast on Knoxville’s 92.3 FM WETR – how Democrats are conspiring to repeal the Trump tax cuts while record low unemployment among Hispanic and African-Americans surge and the federal government rakes in a record amount of individual tax revenue for 2018. “You know we’ve been hearing from the left ever since the Trump tax cuts were passed by the Republican House and Senate with no help at all from the Democrats,” Gill began.  “Democrats – including Democrats like Phil Bredesen who is running for the US Senate – declaring that they were mere crumbs; that they would only help the wealthy and that most Americans wouldn’t see the benefits.” He added: Now keep in mind that the tax cuts for most Americans haven’t gone into effect yet. They haven’t even gone into effect, because they will go fully into effect next year. The tax cuts have been cut for the income earned this year but the benefits the tax payers will see is when they file their tax returns next April 15th. And yet your already seeing companies give bigger bonuses your seeing pay raises you’re…

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Hardly ‘Crumbs’: Cookie Maker Hires Five Workers, Raises Pay, Expands Production Under Tax Cuts

Admin
Joseph Semprevivo

by Rachel del Guidice   The overhaul of the tax code by congressional Republicans didn’t produce just crumbs for the business of a popular cookie maker based in Florida. The Tax Cuts and Jobs Act has meant hiring, raises, investment in new equipment, and expanded operations, he says. “It has had a direct impact on us,” Joseph Semprevivo, founder, CEO, and president of Joseph’s Lite Cookies, told The Daily Signal in a phone interview. (pictured, above) “We have added five more positions, we’ve expanded our factory, exclusively for … the sugar-free pancake syrup [and] we are launching into another business, a honey business,” Semprevivo said. [ The liberal Left continue to push their radical agenda against American values. The good news is there is a solution. Find out more ] He said the new syrup, branded Joseph’s Sugarfree Pancake Syrup, also is gluten free and approved by weight-loss businesses and groups such as Weight Watchers. “Since the tax cut, though, we were able to invest more money into promoting the [syrup] brand, expanding the brand, and so we decided to increase productivity and move it closer to our corporate offices in … Sebastian, Florida,” Semprevivo said. Republicans’ tax reform package, which passed the…

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Citing Tax Cuts, McDonald’s Serves Up Tuition Benefits for Employees

Admin

by Rachel del Guidice   Fast-food icon McDonald’s will supersize its 3-year-old education benefits program for hundreds of thousands of employees. McDonald’s Corp. will allocate $150 million over five years to its global Archways to Opportunity education program, tripling its reach, the restaurant giant announced Thursday. “This investment will provide almost 400,000 U.S. restaurant employees with accessibility to the program as the company will also lower eligibility requirements from nine months to 90 days of employment and drop weekly shift minimums from 20 hours to 15 hours.” McDonald’s is one of 472 companies, and counting, that have announced benefits such as pay raises, bonuses, utility rate cuts, or 401(k) hikes since Congress passed the tax cuts supported by President Donald Trump, according to Americans for Tax Reform. The liberal Left continue to push their radical agenda against American values. The good news is there is a solution.  Find out more >> Among other changes, the Republican tax overhaul, which went into effect Jan. 1, reduced the federal corporate tax rate from 35 percent to 21 percent. The Archways to Opportunity program gives eligible McDonald’s employees in the U.S. a path to obtain a high school diploma, acquire assistance for college tuition, learn English as a second language, and access education…

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Democrats Bash Corporate Tax Cuts Even as Their Blue States Slash Their Rates

Tennessee Star Staff

Democrats trained their heaviest fire in attacking the measure’s corporate tax cuts, as a massive giveaway to the rich. But even as prominent Democrats like Senate Minority Leader Chuck Schumer (D-N.Y.), and Sens. Sheldon Whitehouse (D-R.I.) and Richard Durbin (D-Ill.) trashed the idea, their extremely blue home states have been cutting corporate tax rates.

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