Tax Incentives: Helping Grow the Goetta

By April 8, 2008Taxation

Daniel Glier of Glier Meats joined other business leaders Monday in a meeting with President Bush to discuss the role that tax incentives play in encouraging investment — not just for big corporations, but for small- and medium-sized businesses.

Active in the National Association of Manufacturers, Gleier attested to benefits that accelerated depreciation offer his company, the nation’s largest producer of goetta. The Cincinnati Enquirer explains:

Glier, of Covington, Ky., was among nine small and mid-size business owners summoned to the White House to discuss with Bush ways that they’re taking advantage of investment incentives in the recently enacted economic stimulus package.

Under the plan, businesses can double to $250,000 the amount of expenses they can immediately write off, something Glier said encouraged him to make equipment purchases this year above what he otherwise would have made.

“I had a couple of things in the pipeline and with this, it made sense to go ahead with them,” Glier said.

Glier’s first purchase was a $100,000 clipping machine, which will allow him to automate the placing of metal fasteners at the end of each sausage of goetta. Previously, employees would clip about 7,000 packages a day by hand.

With the incentives, however, Glier told Bush that he also was able to buy a $15,000 replacement replacement refrigerator compressor and install a deer processing facility, which will operate in the fall to process meat for hunters.

Goetta is the Cincinnati-area version of scrapple — an ethnic German mixture of pork, beef, whole grain and eats, eaten for breakfast.

It appears to have been a positive, productive session between the business owners and the President, demonstrating that lowering taxes does work as intended. More work, more income, as the President noted.

  • President’s statement at the press availability.
  • White House fact sheet, including profiles of the business owners.
  • Bush Says Economy Is Poised to Rebound, a New York Times story covers the event.
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