U.S. Senator David Perdue was one of the key players in orchestrating the sweeping tax cuts passed by the Trump administration in December, and now the first tangible results of that legislation are being felt here in Georgia.
The Senator highlighted an array of Georgia businesses who have “announced employee bonuses, wage hikes, or 401(k) match increases,” some of which can be seen below.
American Proteins, Inc. (Cumming, GA) – $1,000 bonuses for 700 employees.
“President Donald Trump and the Republican Congress have reduced taxes for businesses and individuals and I’m excited about what this means for our company and its employees.” –Tommy Bagwell, American Proteins Chairman and CEO
Georgia Power (Atlanta, GA) – $330 million in direct credits to consumers in 2018 and 2019.
“We are committed to offering the highest customer value with rates below the national average, and we’re pleased to be able to continue to pass the benefits of the new tax laws on to our customers.” – Paul Bowers, Georgia Power Chairman, President, and CEO
U-Haul (18 locations in GA) – $1,200 bonuses for full-time employees and $500 bonuses for part-time employees.
“To comply with the intent of the President’s tax reduction, we are investing an additional $200 million in personnel, tools and facilities. I have the opportunity to travel to locations across the U-Haul system, and I see the swell of confidence in the U.S. economy and in the American consumer. Tax reductions lead to job growth, and jobs offer people increased mobility and the option to seek better opportunities for their families. These are positive indicators for U-Haul, the self-move and self-storage industry, and the economy as a whole.” – Joe Shoen, U-Haul Chairman
Read more from local businesses already seeing results from the tax break legislation HERE
