Posted on 01/11/2018 11:38:02 AM PST by DFG
Further to my post earlier today about how the corporate tax cut is extending benefits immediately to workers and consumers, Yahoo finance has put together a rundown of the 81 companies that have announced bonuses or new employee benefits because of the tax change:
(Excerpt) Read more at powerlineblog.com ...
Americans For Tax Reform has an updated listing:
TWO MILLION Americans (and counting) will receive tax reform bonuses
A Liberal looks at this differently.
“Look at all the money these companies are wasting because of tax cut!”
We're also bigger than many of the companies on that list!
Bonus’ are great...when the employer WISHES to make ‘em so.
Cutting PERSONAL tax rates, instead of shifting the biz rate cuts over (revenue neutral), would have been preferable.
Personally, I want to keep more of MY $$$, not be beholden to biz ‘generosity’...or not.
These bonuses plus the eye popping GDP wl stun some people into wondering why this wasnt reported on the leftist news they watch.
You just know the libs wills start accusing Trump of “buying votes”
One adult off spring got the best first of the year bonus since Obozo was in office.
Another adult got a $ bonus now and a nice $ bundle in the company’s retirement program beyond their 401k matching.
Pelosi Continues to Rip Tax Reform: Wage Increases and Bonuses Are ‘Crumbs,’ ‘So Pathetic’
freebeacon.com ^ | January 11, 2018 1:46 pm | BY: Cameron Cawthorne
Posted on 1/11/2018, 11:51:21 AM by Red Badger
House Minority Leader Nancy Pelosi (D., Calif.) on Thursday continued to slam the recently passed Republican tax reform bill, calling the wage increases and bonuses “crumbs” during her weekly press briefing.
Walmart was the most recent company to announce a wage increase and bonuses as a result of the sweeping legislation, which included a slashing of the corporate tax rate from 35 to 21 percent.
“A number of companies are attributing the tax bill for being able to give higher wages to their employees as well as being able to give a number of bonuses to their employees. How do you respond to that?” a reporter asked.
Pelosi appeared to be talking about AT&T when she responded by downplaying the bonuses and saying that it was already part of a union contract. She went on to say that the same firm told their employees that they would be laying off 1,500 people and that if they wanted to save their jobs then they would have to work 32 hours per week.
“In terms of the bonus that corporate America received versus the crumbs that they are giving workers to kind of put the schmooze on is so pathetic. It’s so pathetic,” Pelosi said.
“I would hope that with their big advantage of bringing money home at a very low rate that they would invest in infrastructure and things, but our experience has been that they will do dividends, do stock buybacks, and things like that. I think it’s insignificant,” Pelosi added.
This is not the first time that Pelosi has been critical of the Republican tax reform legislation. Pelosi expressed dramatic concern last month about the tax bill, calling it “Armageddon” during a press briefing.
“The debate on health care is life, death. This is Armageddon,” Pelosi said. “This is a very big deal, because you know why? There’s really a very hard way to come back from this.”
She’s also called it the worst legislation in the history of Congress.
http://freerepublic.com/focus/f-news/3621585/posts
They did cut personal tax rates. Who told you otherwise?
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