The President at Silverado, an AZ Manufacturer

By May 28, 2008Economy, Taxation

Silverado.jpgFrom the White House transcript of President Bush’s visit to Silverado Cable Co., a manufacturer of wire harnesses in Mesa, Arizona.

THE PRESIDENT: [These] guys were showing me a new laser machine they purchased this year, and they purchased it this year because the stimulus package provided a tax incentive to do that. And the reason why that’s important is when the economy slowed down, we wanted to stimulate activity.

And so the fact that they purchased the machine meant somebody had to make the machine. And when somebody makes a machine, it means there’s jobs at the machine-making place — plus their employees are more productive, they’re more competitive. It makes it more likely they’re going to keep their business and expand their business.

Make tax relief permanent, the President says, so companies like Silverado don’t have to worry what their tax burden will be two years from now.

AP story.

The White House photo shows brothers are Bob Simpson Jr., President of Silverado Cable Company and Mitch Simpson, Vice President, who founded the company with five employees. They now employ 70.

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