CHARLOTTE -- A North Carolina business says the recent tax overhaul is responsible for it giving out $1,000 bonuses to its 1400 employees, and will contribute to its expansion.

Thursday morning, US representatives Richard Hudson and Robert Pittenger toured Charlotte Pipe and Foundry Company to talk about the impact of the Tax Cuts and Jobs Act.” 

But when asked, the company said it was already considering the bonuses -- and does not have any higher than average investments planned.

The CEO still says the tax reform will help the company compete internationally.

Representative Pittenger said he projects the tax cuts and jobs act will push the U.S. economy to 4 percent growth.