Tax Reform Boon For The Bluegrass State

Kentucky Workers, Businesses, Families Continue to Benefit From Tax Reform


SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): “Our Kentucky State Treasurer, Allison Ball, had it just right in a recent column: Quote, ‘Kentuckians have immediately benefited from federal tax reform.’ And these immediate benefits are only the beginning…. [T]ax reform, regulatory reform, and the rest of Republicans’ opportunity agenda continues helping American workers and job creators.” (Sen. McConnell, Remarks, 6/13/2018)

ALLISON BALL, Kentucky State Treasurer: “Kentuckians have immediately benefited from federal tax reform. Because of this Congressional action, many Kentucky employees are receiving bonuses or raises. AT&T is distributing $1,000 bonuses to more than 2,000 Kentucky employees; Turning Point Brands of Louisville is doing the same for 107 of its Kentucky employees, as is Atlas Air for more than 200 Kentucky employees. Walmart is also giving $1,000 bonuses, increasing its minimum wage, and improving maternity and paternity leave for employees. U.S. Bank is raising its minimum wage and giving approximately 3,000 Kentucky employees a $1,000 bonus. Humana, which employs more than 12,000 Kentuckians, is raising its minimum wage to $15/hour for full and part time employees …” (Allison Ball, Op-Ed, “Federal Tax Reform Is A Clear Win For Kentucky Families,” The Lane Report, 2/06/2018)


‘Tax Reform Means Big Things’ To Kentucky Job Creators

Covington, Kentucky: “Tax reform means big things for Glier’s Meats of Covington—including multiple wage increases for their employees since the law was passed. Dan Glier, president of Glier’s Meats, explained the impact on his employees. ‘We put in some rather nice wage increases since the first of the year,’ he said, explaining how he was handing much of the company’s tax savings back to the 29 employees who help make the company strong.” (“Glier’s Meats of Kentucky Gives Employees Raises, Invests In New Equipment Due To Tax Reform,” National Association of Manufacturers’ Shopfloor Blog, 6/13/2018)

Louisville, Kentucky: “Louisville-based steakhouse chain Texas Roadhouse announced that it planned to invest the money it would save from the federal tax reform to pay employees more, offer them additional benefits, keep menu prices aggressive …” (“The Closing Bell: Texas Roadhouse Makes Tax Reform Moves,” Insider Louisville, 2/22/2018)

Guthrie, Kentucky: “Atlanta-based aluminum producer Novelis Inc. has officially broken ground on its $300 million automotive aluminum sheet manufacturing facility in Guthrie, Kentucky. The 400,000-square-foot facility will have an estimated annual capacity of 200,000 metric tons and is expected to be operational by 2020.” (“Novelis Breaks Ground On Aluminum Plant In Kentucky,” Recycling Today, 5/21/2018)

  • “Novelis Inc., the world leader in aluminum rolling and recycling, today hosted community members, federal, state and local officials to break ground on its $300 million automotive aluminum sheet manufacturing facility in Guthrie, Kentucky…. that will create approximately 125 jobs …” (Novelis, Press Release, 5/14/2018)
  • “The significant positive impact of tax reform in the U.S. reinforces Novelis' decision to expand at this time. A favorable economic environment has enabled Novelis to recently finalize key contracts totaling approximately $60 million for engineering plans, site preparation and state-of-the-art equipment for the greenfield facility.” (Novelis, Press Release, 5/14/2018)



Related Issues: Small Business, Jobs, Tax Reform, Economy, Taxes