WASHINGTON, D.C. – A national printing company headquartered in Texas is passing tax savings from the working families tax cuts to workers and their families. Ennis Incorporated recently gave each worker a $500 bonus as a direct result of the new tax relief law. As one employee put it in a news interview, “It was unexpected, but it was very well received.” 

Under the working families tax cuts, the average American family with two children will take home up to an additional $10,900 each year. Provisions like the 20 percent small business deduction as well as permanent 100 percent immediate expensing, immediate expensing for research & development, and the deduction for interest expenses will help American businesses invest more in growth, hiring, and their local communities. 

“Workers across the country are already starting to get more money in their pocket thanks to the working families tax cut,” said Ways and Means Committee Chairman Jason Smith (MO-08). “Bigger paychecks and bonuses make a real difference for working families who were pummeled by sticker shock at the grocery store and gas pump. Pro-growth tax policies that reward investing, hiring, and manufacturing in the United States will support local small businesses to bring more prosperity and opportunity to main streets across the country.”

The company in Texas – along with providing their employees with new bonus checks – also plans to join other American businesses in expanding and investing in their facilities because of the pro-growth tax policies made permanent in the working families tax cut. According to the company’s president, the business plans to use tax relief from the working families tax cuts to also purchase more equipment or acquire more printing companies, noting that “…all of the companies that we end up buying would have gone out of business if we hadn’t purchased them.”

In the wake of the 2017 Trump tax cuts, companies used tax relief to provide bonuses for workers and purchase more productive equipment. The recently enacted working families tax cuts are similarly projected to increase annual real workers’ wages by up to $7,200 – providing an average $600 tax cut beyond what families pay today – while protecting or creating up to 7.2 million jobs, including 1.4 million manufacturing jobs. 

READ: The Working Families Tax Cuts Put American Workers First

READ: The Working Families Tax Cuts Fuel America’s Economic Growth

VIDEO: Nevada Foreman Explains How Trump Tax Cuts Help Him

Read more about the working families tax cuts here.