Small Business Owner Recounts Benefits of Tax Cuts and Jobs Act Before House Subcommittee
Washington, D.C. (February 13, 2019) – Today, Job Creators Network member and small business owner, Guy Berkebile, testified in front of the U.S. House Ways and Means Subcommittee on Select Revenue Measures about the impacts of the Tax Cuts and Jobs Act.
In his testimony, Berkebile—owner of a chemical manufacturer in Somerset County, Pennsylvania—was able to explain to lawmakers how he specifically reinvested savings from the 2017 tax cuts legislation back into his business and employees.
“I was able to wisely invest the financial gains from the tax cuts in a variety of ways,” Guy Berkebile, owner of Guy Chemical, said in his testimony Wednesday morning. “Guy Chemical was able to build a new laboratory that was five-times larger than our previous one, invest in new chemical compounding equipment and purchase new packaging lines. We were also able to pass down much of the financial savings to employees [by raising] wages, [expanding] bonuses by up to 50 percent, [starting] a 401k retirement program and [creating] 29 new jobs.”
Watch videos chronicling the impacts of the tax cuts on other small businesses here.
“This is only one example of how the Tax Cuts and Jobs Act has helped out small business owners and their employees,” said Alfredo Ortiz, JCN President and CEO. “There are millions of other entrepreneurs across the country that have similar stories and we just want to make sure everyone knows it. It’s abundantly clear that the tax cuts are working.”
For more information about the Job Creators Network and the Tax Cuts Work campaign, please visit TaxCutsWork.com.