Hamilton Redi-Mix makes use of new tax law
JEFFERSON — Hamilton Redi-Mix employees received something extra in their paychecks recently: the first of three installments of a bonus — made possible by the passage of the Tax Cuts and Jobs Act of 2017 — more commonly known as the Trump Tax Plan. Joining many Fortune 500 companies in announcing bonuses, Hamilton Redi-Mix hopes to set an example of how the Trump Tax Plan is benefiting their business and employees.
Almost immediately after President Donald Trump signed the new tax law in to plan, companies began announcing various windfalls to their employees in the form of bonuses and increased wages. The good news was shared with area employees of Hamilton Redi-Mix earlier this year during the company’s spring kickoff meeting.
“There was a lot of silence at first” said Bob Hamilton, president of Hamilton Redi-Mix, “I think they were all shocked when we announced the bonus, but it didn’t take long for them to start applauding and cheering.”
Hamilton Redi-Mix operates three ready-mix concrete plants in central Iowa – Jefferson, Boone and Fort Dodge. All totaled, 14 employees will each receive a $1,500 Trump Tax Plan bonus, payable over three installments – the first of which jrecently hit employees’ paychecks.
“We’ve benefited from a strong economy in the last year, and we wanted to give our employees who made that possible something extra” Hamilton said.
And as for the “jobs” portion of Tax Cuts and Jobs Act?
“Oh, we’re hiring,” Hamilton said. “We’ve been able to fill most of the positions we need for the work early in the season, but we have more trucks than we have people. We’re in a good position to bring on more drivers as the season progresses.”
For at this central Iowa company, the Trump Tax Plan aimed at generating better wages and more jobs is doing just that.
About Hamilton Redi-Mix
Hamilton Redi-Mix currently ready-mix concrete plants in three cities in central Iowa. Locations include Jefferson, Boone, and Fort Dodge. The company counties of Greene, Boone, and Webster as well as portions of Carroll, Calhoun, Dallas, Guthrie, Hamilton, Humboldt and Story. Each Hamilton plant is equipped with the latest in computerized batching equipment to ptoduce accurate, batch-specific, high-quality concrete requirements. In addition to ready-mix concrete, Hamilton Redi-Mix operates a sand and gravel operation at its Jefferson location.