President Bush Visits PIA/GATF Member ColorCraft of Virginia
March 2008
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PIA supported this act which allowed for increased expensing and bonus depreciation for small businesses like ColorCraft. The President said, “ColorCraft is a small, thriving business that will benefit from the stimulus package that the Congress passed earlier this year.”
ColorCraft CEO Jim Mayes, a former PIA/GATF Chairman of the Board, accompanied the President, showing off ColorCraft’s state-of-the-art facility and equipment that was purchased after previous stimulus acts.
PIA/GATF Vice President for Government Affairs Lisbeth Lyons was also in attendance. She said, “I’m glad that the President could visit one of our association’s member companies and meet with the people who work in our dynamic industry. The legislation he signed last month will help printers across the country as they seek to modernize and expand their businesses.”
President and CEO of PIA/GATF Michael Makin stated, “Our industry is honored to have hosted President Bush to highlight the economic contributions of companies like ColorCraft and all PIA/GATF members.”
About Printing Industries of America (PIA):
PIA is a part of PIA/GATF, the world’s largest graphic arts trade association representing an industry with more than 1.2 million employees and over $161 billion in revenue. PIA/GATF serves the interests of more than 12,000 member companies.
THE PRESIDENT: Jim, thank you very much for your hospitality. Thank you all very much for greeting me here.
ColorCraft is a small, thriving business that will benefit from the stimulus package that the Congress passed earlier this year. It will benefit from it because if they make -- if Jim decides to purchase software or machinery, there is a tax incentive to encourage him to do so. He’s made the decision to do so, and his company will be encouraged to do so through the tax code.
And that’s important because when he buys the machine, or when he buys software, somebody has to manufacture that. Therefore, there is a direct link between the stimulus package and jobs. As well -- we talked about this earlier -- a lot of the folks who work here at ColorCraft are going to get a check in the second week of May, as part of the economic, pro-growth stimulus package. And recently there’s been a mailer out to our citizens from the IRS. And this mailer basically describes the benefits from the stimulus package that people will receive.
Companies Mentioned:
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