These companies are handing out big rewards to their workers over tax bill

Fox Business ^

[DadOfFive]

Some of America’s biggest companies are launching new initiatives to benefit employees after the GOP-led House of Representatives approved the largest tax reform bill in three decades this week.

The $1.5 billion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally. The new plan, which is expected to be signed by President Donald Trump by January at the latest, is being hailed as a major victory for corporations and wealthy Americans.

FOX Business breaks down how employees at some major companies are benefitting from the corporate world’s good fortune.

[SunkenCiv]

Thanks DadOfFive. The real reason Trump is ineffective is his lack of political and government experience.

[caww]

No he hasn’t....... If Trump signs the tax bill this month, it could trigger steep automatic spending cuts early next year to a raft of programs.... But if Trump waits until January to sign the bill, the spending cuts would be delayed until 2019 — after next year’s congressional elections — giving lawmakers a full year to prevent them.

The bill-signing delay wouldn’t affect taxpayers. The tax cuts would still go into effect in January, and workers would still start to see changes in the amount of taxes withheld from their paychecks in February.

The delay, however, is another example of how politicians from both major parties routinely flout a law that was meant to instill fiscal discipline on Washington. The arcane budget law is called Paygo, or pay-as-you-go.

[Auntie Dem]

These companies ought to pay those bonuses before 12/31 because under the old law each $1,000 bonus will save the $350 in taxes. If they wait until 2018 it will only save them $210.

[KC_for_Freedom]

You could add Charles Payne. He is one of the good guys.

Agree with you about Gas and Cav. I used to like Trish but she has gone wobbly. (Still has her good looks though.)

[LIConFem]

"I am down to two programs on FBN - Varney and Lou Dobbs!"

I like Charles Payne as well. But you're right, the rest are worse than useless.