[Congressional Record Volume 164, Number 67 (Wednesday, April 25, 2018)]
[Senate]
[Pages S2433-S2434]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    RECOGNIZING ANFINSON FARM STORE

 Mrs. ERNST. Mr. President, I wish to recognize Anfinson Farm 
Store, a small business in Cushing, IA, that has been a staple of the 
community for 100 years.
  Like many businesses, Anfinson Farm Store will be receiving 
significant tax relief from the Tax Cuts and Jobs Act, and they are 
using this as an opportunity to invest in their most important 
resource: their employees. After the legislation was signed into law, 
owner John Anfinson, who has owned the business for 46 years, announced 
that all seven of their full-time employees would receive $1,000 
bonuses and 5-percent pay increases. He was also able to purchase 
nearly $400,000 in new equipment with 1-year expensing.
  Small businesses make up 97 percent of employers in Iowa, and prior 
to the passage of tax reform, they were taxed at marginal rates that 
often reached as high as 45 percent. The Tax Cuts and Jobs Act is a 
monumental achievement for small businesses, reducing their tax burden 
so that they can grow and invest in their employees.
  As we celebrate National Small Business Week, I would like to 
recognize Anfinson Farm Store and all of Iowa's small businesses, who 
are the backbone of our economy. I would also like to express my 
gratitude to the President

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and my colleagues in Congress for helping to reduce the tax burden on 
our small businesses.

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