In February, Wichita Railway Services LLC president and CEO Bob Aldrich summoned his five employees to his office.
“I called them into the office which is always fun. We are like a big family here. We are constantly pulling each other’s chain,” said Aldrich in an interview with Americans for Tax Reform.
Each employee was handed an envelope. Inside each envelope was a tax cut bonus, ranging from $3,000 to $6,000. To date, these are the highest tax cut bonuses in the country, according to a national list maintained by ATR.
The payment of the bonuses was first reported by the Wichita Business Journal, which noted the bonuses were from “funds that would have otherwise gone toward corporate income tax.”
Wichita Railway Services “buys and sells railroad car parts to repair and build rail cars,” said Aldrich in the ATR interview. “You can come to us for just about every railroad car part you can think of. We ship same day or next day on most parts.”
Regarding the bonuses, Aldrich says he “just wanted to say thanks” to his employees. And the payments should help the local economy. “What they’ll do with the bonuses is make purchases back in our local community and that’s a very good thing. Economics 101,” said Aldrich.
Aldrich started the company in January 2013 with help from a $12,000 loan from his mother-in-law. The company has grown and had sales of about four and half million dollars in 2017.
“We give back as much as we can. I believe in it. We are a family environment,” said Aldrich. “My crumbs are a little bit better than Pelosi thinks.”
Wichita Railway Services is the latest addition to the national list of companies giving bonuses, pay raises, increased 401(k) matches and more due to the Tax Cuts and Jobs Act passed by the Republican House and Senate and signed by President Donald Trump.