A local steel distributor is issuing bonuses to its employees after the recent federal tax overhaul. Grand Rapids-based Mill Steel Company said today it will give a one-time $1,000 bonus to all 400 of its full-time employees, “following the tax cut passed by Congress and signed by President Donald Trump.” “When afforded an opportunity like this, we are delighted to invest back into our hard-working associates,” said David Samrick, CEO and chairman, Mill Steel. “As a result, we anticipate increased efficiencies across all operations.”
This afternoon, I had the privilege of meeting Al Johnson and Keith Cole, two heroes from West Michigan who served our country during WWII as members of the Office of Strategic Services (OSS). Today, the House and Senate presented the Congressional Gold Medal, the highest civilian honor Congress can bestow, to Al, Keith, and members of the OSS to honor their enormous contributions in the effort defeat the axis forces. Thank you both for your incredible service!
"Positive sentiment dominated" the most recent consumer survey from the University of Michigan. An all-time record number of people (59%) stated they are seeing improved financial progress while the number of people citing income gains rose to a five-decade high. This is another clear sign that tax and regulatory reform continues to deliver positive results for hardworking individuals in Michigan and across the country.
The latest study by the NFIB shows small businesses are "optimistic, ready to hire, and prepared to raise wages" because of tax and regulatory reform. Greater opportunity, bigger paychecks, and more jobs is great news because small businesses play such a critical role in West Michigan!
This morning, I joined WOOD Radio to discuss the bipartisan Dodd-Frank reform bill that recently passed the Senate and how it will impact West Michigan. This legislation is a good start, but should be viewed as a floor, not a ceiling. The House has passed dozens of bipartisan, noncontroversial measures (sometimes unanimously) that can be added to the Senate bill to improve it and make it more effective!