A Windfall woman and the bank that employs her are being cited as beneficiaries of the federal tax overhaul and have been invited to attend President Donald Trump’s State of the Union address Tuesday.
Chelsee Hatfield plans to use her forthcoming raise and bonus to help pay for classes toward an associate’s degree at Indiana Wesleyan University, as well as her children’s future college expenses.
“These steps taken as a result of tax reform are specifically affecting me and small communities like my hometown of Windfall,” said Hatfield, who is a teller at First Farmers Bank & Trust in Tipton.
Hatfield and Gene Miles, president and CEO of First Farmers Bank & Trust, have been invited by U.S. Sen. Todd Young, R-Ind., to attend the State of the Union speech.
“I think they demonstrate the positive impact that tax relief is already having on people in our state,” Young said.
Hatfield said she is “thrilled for the opportunity to come to the nation’s capital for the first time and experience the State of the Union address.
“We’re not a very large bank, and to be invited by Senator Young and given the opportunity to tell our story is very special.”
Following the Senate’s passage of the Tax Cuts and Jobs Act, First Farmers Bank & Trust officials announced they would raise wages and give bonuses to employees, as well as investing $250,000 a year in community development and $150,000 annually on employee development.
Employee bonuses will be a minimum of $750, Miles said.