Here’s What Missouri Manufacturers Are Saying About How Tax Reform Will Help Their Business

By November 28, 2017General, Shopfloor Main

As President Donald Trump takes the case for sweeping tax reform to Missouri on Wednesday, manufacturers continue to push Congress to pass a bold bill that will allow them to hire more employees, pay more in wages and expand their businesses.

In the National Association of Manufacturers’ (NAM) most recent Manufacturers’ Outlook Survey, 64 percent of manufacturers said they planned to increase capital spending and expand their business if tax reform is passed, while more than half said they would hire more workers or increase wages and benefits.

According to two manufacturers in Missouri, they plan to do the same.

Jim Sheldon is the owner of DT Engineering, a manufacturing company in Lebanon, Missouri, that produces industrial automation systems. We asked him a few questions about how tax reform will help his business:

Q: What will tax reform mean to your company in terms of investment, hiring and growing the business?

A: More business! Bringing work back to the U.S. will increase order rates, inventory and development. This will create growth for DT Engineering!

Q: If you’re a business owner, what would you do with the money from tax reform?

A: Reinvest to reinvent. The added funds bring security for the business and the employees. What I won’t do with the money from tax reform is get greedy and just blow it!

Q: How would that benefit manufacturing workers?

A: Sustainability. My company has a philosophy of no layoffs. Additional funds will help with our sustainability. We want to be a role model to others that it’s not all about the bottom line but that the well-being of employees really does matter.

Q:  If Congress passes tax reform, what personal benefits do you expect and why?

A: I don’t want any personal benefit other than the piece of mind that added cash flow will provide; employee wage increases, improved benefits, reinvestment, etc.

Mike DeCola is the owner of HBM Holdings in St. Louis, which oversees companies in the fields of mining, chemicals, food and pharmaceutical ingredients, among others. He noted that while today’s “tax structure discourages investment and growth,” manufacturing has the potential to create jobs.

Q: What will tax reform mean to your company in terms of investment, hiring and growing the business?

A: Tax reform will unleash investment not just from us, but our customers.

Q: If Congress passes tax reform, what personal benefits do you expect and why?

A: It will help our employees benefit from faster overall economic growth, higher wages, more training and better lifestyles.

How will tax reform help your business? Share your tax reform story with us here or contact your representative about tax reform below!

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