Bradenton Restaurant Owner Testifies on Capitol Hill
Appears Before Rep. Buchanan’s Tax Panel
Discusses Positive Benefits of Sweeping Tax Cut
WASHINGTON – Restaurant owner John Horne of Bradenton appeared before Congressman Vern Buchanan’s Tax Policy Subcommittee today to highlight the benefits of the recently enacted Tax Cut and Jobs Act.
Buchanan, who chairs the Ways and Means subcommittee, invited Horne to Capitol Hill to discuss the impact the tax cuts have had on his business.
Horne employs more than 300 people at his four Anna Maria Oyster Bars in Manatee County. He testified that the tax cut has allowed him to purchase new equipment and give bonuses to his workers.
“Everyone’s feeling the effects of a stimulated economy,” said Horne, who was one of several small business owners invited to testify at today’s hearing. “Small businesses can get their staffs and their customers involved locally like no other business can. They’re already in their communities and they know the needs of their communities and they have a vested interest to make their communities better.”
Horne is a well-respected local businessman who won the 2017 Manatee County Community Corporate Spirit Award and received the first ever honorary degree in philanthropy from the State College of Florida.
Horne has reason to be optimistic about his business and the overall economy.
Wages are growing at their fastest pace since 2008, consumer confidence is at its highest level since 2000, unemployment claims are at their lowest since the 1960s and the economy grew 2.9 percent in the first quarter of 2018. Growth is expected to rise to 3.3 percent by the end of the year – a dramatic departure from the prior 2 percent growth status quo.
In addition, the nonpartisan Congressional Budget Office (CBO) estimates that the Tax Cuts and Jobs Act will create 900,000 jobs, raise wages by $1.2 trillion, and boost investment by $600 billion.