In Cincinnati, Portman Joins Kroger in Announcing New Employee Benefits Because of Tax Reform
Announcement Another Part of Portman’s Results for the Middle-Class Tax Reform Tour
CINCINNATI, OH – As part of his Results for the Middle-Class Tax Reform Tour, U.S. Senator Rob Portman (R-OH) this morning joined Kroger CEO Rodney McMullen and Kroger employees as the company announced how it would use a portion of its $400 million in annual tax reform savings to benefit its workers. At the event, the company announced $3,500 per year and up to $21,000 total in tuition assistance for each Kroger employee as part of its “Feed Your Future” program to encourage lifelong learning and help them build a better future. The company also announced an increased match to its 401(k) savings program, ensuring Kroger employees help save for their retirement, and additional investments in its “Helping Hands” program that provides financial support to workers in need. The company previously announced its plans to accelerate the hiring of 11,000 new workers as a result of the Tax Cuts & Jobs Act as well.
“So far this year, I’ve visited 14 different Ohio businesses to discuss the positive impact tax reform is already having, and today I was pleased to join Kroger—the largest supermarket chain in the world, headquartered here in Cincinnati—as it announced its plans to make new investments in its employees,” said Senator Portman. “I was especially pleased to see how Kroger employees will benefit from additional education opportunities to help them build a better future and a higher 401(k)match to strengthen their retirement. This business is paying forward the benefits of tax reform to its employees, and that’s exactly what Congress intended when we crafted the tax reform law. In addition to the pro-growth business tax reforms, workers are keeping more of their hard-earned money because of individual tax cuts in the new law. With Tax Day tomorrow, families across the state and country are already realizing many of the benefits of this new law and will continue to benefit from the new tax code in the future. With the help of tax reform, we are once again making our country the beacon of inspiration that shines on the rest of the world.”
“I want to thank Senator Portman for his leadership and support in helping to shape and pass the tax reform bill. Kroger will use a portion of our savings from the Tax Cuts and Job Act to uplift our half a million associates,” said Kroger CEO Rodney McMullen. “As the third-largest employer in the nation, we’re so enthusiastic about the real-life impact of these policy changes that will contribute to a better future for our associates and our customers.”
NOTE: So far on his tax reform tour, Portman has visited Worldpay Inc. and the Sheffer Corporation in Cincinnati, the UH Rainbow Center for Women and Children and Tremco in Cleveland, the Fredon Corporation in Mentor, GKM Auto Parts in Zanesville, Wolf Metals in Columbus, Bruns General Contracting in Tipp City, Lima Pallet Company in Lima, Velvet Ice Cream in Utica, ProMedica in Toledo, and hosted a roundtable with members of the Ohio Craft Brewers Association in Columbus, all of which have announced new investments in their businesses and their employees because of the savings from the Tax Cuts & Jobs Act. This includes investing in new plants and equipment, increasing wages, paying bonuses, increasing charitable giving, reinstating health care, expanding 401(k) benefits and making additional contributions to employee pension plans.
Photos of the event are below: