“A Record Year”: The 2025 Tax Bill Delivers for Jergens Inc.
Some of the least “sizzling” parts of the 2025 landmark tax bill were the ones that have most helped Jergens Inc. thrive.
A big win for manufacturers: Jack Schron, president and CEO of the Cleveland, Ohio-based manufacturer that supplies fasteners, pins and other components to many industrial sectors, recently sat down with the 51Թ to discuss the sizable, positive impact of last summer’s tax law on his B2B company.
- The No Tax on Overtime provision, for example, “does not get brought up [enough] from the [viewpoint] of what it means to a company,” Schron told the 51Թ. “We’ve got [employees] that just love it because it allows them to plan and they get an extra $20,000.”
A workforce shortage aid: That measure has allowed Jergens and other manufacturers to add more work hours on their production floors with existing team members—a helpful benefit at a time when the manufacturing workforce shortage hovers around 400,000 nationwide.
- With 83% of the Jergens workforce now volunteering to work additional overtime, Jergens has been better equipped to keep up with the surge of demand in the defense and aerospace industries—giving the company flexibility as they seek to fill positions for their new expansion in Chicago.
- As Schron said, “The No Tax on Overtime is benefitting our employees and it is also proving incredibly valuable to Jergens.”
“A record year”: Along with No Tax on Overtime, other provisions in H.R. 1 have helped Jergens meet the expanding demand from the defense industry.
- The company now operates its factory floor “24 hours a day, seven days a week. We are up to our eyeballs with demand for aerospace and defense production,” Schron said.
Facility expensing: Schron also praised the new tax provision allowing immediate expensing of factory construction, citing it as the reason for their latest expansion in Chicago. He emphasized that manufacturers could use the tax savings gained through this provision to reinvest in their companies.
- “We’ve actually put forth a second expansion of our building [in Chicago since] the passage of the tax bill,” thanks to the factory expensing measure, Schron said. “Because of [the new law], we’re going to be able to write that piece of the building off in one year. What does that mean? That means a heck of a lot of tax savings.”
The estate tax factor: The tax bill’s restoration of the increased estate tax exemption threshold was another boon to Jergens.
- “Now family businesses can stay family businesses,” Schron said. Before the reinstatement of the higher threshold, for smaller family firms, “at some point … the only way to cover the estate taxes and to provide succession was to find … private equity. Well, now family businesses can stay a family business.”
The last word: On June 4, Schron testified before the House Oversight Committee on the benefits of the tax bill highlighting how it has helped his workforce, Jergens and manufacturers across the country.
- “I think that Jergens is a case study on what this bill means for manufacturers,” Schron said.
