Sen. Shelley Moore Capito, R-W.Va., saw the positive impact the Tax Cuts and Jobs Act is having on West Virginia businesses firsthand Wednesday afternoon.
While visiting Doss Enterprises, a Jane Lew-based excavation and site development contracting company, Capito spoke with owner Dwaine Doss about what the changes to the tax code have meant to his business.
The Republican-sponsored Tax Cuts and Jobs Act, which was signed into law by President Donald Trump in December, is the most significant alteration of the nation’s tax code in several decades.
Capito, who will be traveling around the state making similar visits over the next few days, said Doss Enterprises is an excellent example of a homegrown business that has thrived and grown in recent years.
"It's a great story of starting from scratch, it's really what he (Doss) did, and (he) has built up a company now that has over 230 employees," she said.
The benefits of Tax Cuts and Jobs Act are evident just from looking around the Doss facility, Capito said.
"When I saw their board of (new) hires, there must have been 20 or 30 names on there, just April and May," she said.
The company has chosen to reinvest its tax savings in its employees and into new equipment, Capito said.
"All of the employees are seeing (it) in their paychecks," she said. "(Doss) has also bought some new equipment with his money, which is a great investment. He's going to be hiring at least another 30 people. They also are doing bonuses for safety, and it's great for the company and great for the customer, but it's good for the worker."
Doss Enterprises is one of the thousands of West Virginia businesses that have experienced the positive impact Tax Cuts and Jobs Act, Capito said.
"It's a little bit of everything, which accumulates to a lot," she said. "Everybody who's on a salary, their withholding has gone down, which gives them more in their paycheck. That gives them the ability to invest their own money and their own dollars more in their local community."
On a recent trip to Beckley, Capito said she spoke with a man who told her that his increased paychecks are being put to good use.
"His daughter shoots archery at Shady Springs High School. They travel around because there aren't very many people who do archery, and sometimes it's a long trip," she said. "Well, it used to be they had to drive all the way back home. Now they've got a little bit more in their paycheck, and they spend the night and eat out."
Doss said he was pleased to have the opportunity to share his business' success story with the senator.
"She visited here today to see how the tax reform is helping businesses like ourselves throughout the state," he said. "We wanted to show her the growth that we are doing — hiring people and putting people back to work in the state of West Virginia and maintaining a good, long relationship of employment to people."
Having Capito visit shows that the state's elected representatives truly care about the success of their constituents, Doss said.
"It means a tremendous amount to know that we've got people who are in a position to fight for the people who are in business like ourselves," he said. "Knowing we have people like her who can see the growth and the prosperity that we have here, it means a lot. It's a good feeling."