Operations

How One Operation Shares The Trump Tax Cut Bounty

Posted on February 28, 2018
(Source: Facebook)
(Source: Facebook)

STAMFORD, Conn. — Employees at Rudy’s Executive Transportation have found that the Tax Cuts and Jobs Act of 2017 is already working to their advantage.

Despite rising health care costs, Rudy’s has been able to reduce out-of-pocket expenses. The company has reduced health insurance premiums while lowering deductibles at the same time, providing employees with better and less expensive coverage.”

“I know it’s really helped me and my family and I’m sure it’s helped many others as well,” Rudy’s employee Katie DeFilippis said in a company press release.

To accomplish this, each year Rudy’s Executive Transportation, which serves the Stamford and Greenwich region, funds an employee Health Reimbursement Arrangement (HRA) that reimburses employees for their out-of-pocket medical expenses and health insurance premiums.

Because Rudy’s completely funds its HRA, there is no employee contribution required. With the new tax initiatives, this year Rudy’s HRA will provide $1,500 for individual employees and $3,000 for families to use in paying their medical expenses.

Rudy’s Executive Transportation CEO Roy Spezzano credits the new tax plan and its reduction in the corporate tax rate for making this possible for his company.

 “We never could have done this without the initiatives provided in the new government tax plan,” Spezzano said. “And this is exactly what the plan is supposed to do, what it is meant to do. It’s was designed not only to help businesses, but more importantly, to help businesses help their employees, their workers, the people who have to provide for their families.”

In addition, to further help its employees, Rudy’s handed out bonuses to each of its 120+ chauffeurs, as well as to the 40 employees who work in Rudy’s office. Bonuses average more than $1,000 each for chauffeurs and $4,000 each for the office employees.

“Rudy’s has been in business serving the tri-state area for over 60 years and it’s been our employees, our staff and our chauffeurs who have been primarily responsible for our success,” Spezzano said. “I’m happy to give something back to them and I appreciate the new tax initiatives making that possible.”

The Tax Cuts And Jobs Act Of 2017 was proposed by President Donald Trump and approved by Republican Senate and House majorities.

Source: Rudy's Executive Transportation press release

Related Topics: chauffeur pay, Connecticut operators, Donald Trump, employee benefits, health insurance, taxes

Comments ( 1 )
  • Tony

     | about 4 months ago

    Damn you President Trump, how dare you improve the lives of almost every worker in America! (My sarcasm font key is stuck)

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