CHESTERTOWN — Dixon Valve and Coupling Co. has announced that it is giving employees $1,000 bonuses thanks to the federal tax reform, an act highlighted March 28 in a news release by House Speaker Paul Ryan.
While promoting the Tax Cuts and Jobs Act at Dixon in Chestertown, last year, Ryan, R-Wisc., spoke to employees about all the potential benefits tax reform could bring.
"It all leads to the same end, which is help people become more prosperous,” he told the people at Dixon that day.
On March 14, Dixon announced a $1,000 bonus for each full-time American employee who had been with the company for a year “as a direct result of the new tax law and reduced regulations,” according to the release from Ryan's office.
In the company’s letter to employees, CEO Dick Goodall referenced those policies and Ryan's visit in October.
“Speaker Ryan expressed admiration for companies like ours which continue to create products in the U.S. and employ U.S. citizens. He listened to our concerns, and spoke about giving U.S. businesses and workers a competitive advantage through comprehensive tax reform. Today, our country’s leaders are helping U.S. businesses become more competitive again,” Goodall wrote.
Thanks to tax reform, companies like Dixon Valve — a 102-year-old Maryland manufacturer that employs more than 1,000 Americans and has expanded into 14 states — can not only reward its employees, but become more stable and more competitive, the release from Ryan's office states.
"That was the entire point of tax reform — help individuals and American businesses alike realize the American Idea and have more control over their hard earned dollars. It’s yet another example of tax reform working for the American people," the release states.