Discussion Focused on the Benefits of the Recently-Signed Tax Reform Law, How to Further Improve the Economy 

MENTOR, OH – U.S. Senator Rob Portman (R-OH) today visited Fredon Corporation in Mentor as part of his Results for the Middle Class Tax Reform Tour. Fredon Corporation offers complete manufacturing solutions for precision machining needs serving customers in the aerospace, electronics, machinery and equipment, medical, nuclear and transportation industries. Portman toured the facility, and hosted a roundtable with local CEOs and business leaders focusing on the anticipated savings from the recent-signed Tax Cuts & Jobs Act.

“I appreciated the opportunity to visit Fredon today and receive input from local business leaders about the economy, their needs, and the benefits of tax reform.  In just two months since becoming law, we’re already seeing significant benefits from tax reform on our economy, our businesses, and our workers,” said Portman.  “More than 400 businesses across the country — including small businesses in Cincinnati, Columbus, Cleveland, Dayton, and Zanesville — have announced increased investments in plants and equipment, pay increases, bonuses, additional retirement help or new benefits specifically because of this tax bill.  I’m excited about the opportunities we have to continue to work together and improve our economy for Ohio businesses and workers.”  

NOTE: Yesterday, as part of his tour, Portman visited GKM Auto Parts in Zanesville and during the visit the company announced it was reinstating health care coverage for their employees as a result of the passage of the Tax Cuts & Jobs Act. Thus far on his tour, Portman visited Sheffer Corporation in Cincinnati, Wolf Metals in Columbus, Tremco in Cleveland, and Bruns General Contracting in Tipp City, all of which have announced more investment in plants and equipment, wage increases, bonuses, and/or additional retirement security benefits because of the savings they expect from tax reform. These are four of many Ohio companies that are increasing investments and strengthening worker benefits following passage of the historic Tax Cuts & Jobs Act.

Photos of today’s visit are below:  

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