Democrats are wrong (interpretation:lied) about the tax cuts and are now near being totally in panic as companies rain down money on their employees and they are crediting it all to Trump and his tax cuts. The US corporate rate has been double that of most European countries that kept us from being competitive in those countries. During the Obama administration, real wages dropped and pressure was brought to bear against the middle class as regulations and increased taxes totally eroded whatever little progress was made in those areas. And remember, these are just the companies who reported in the first couple of hours after passage of the bill.
AT&T has announced that front line employees (workers) will get a $1,000 bonus. That will go to 200,000 employees. For you liberals out there, that amounts to 200 million dollars in bonuses. They also announced that during the coming year, they intend to invest another one billion dollars in expanding their business, which translates into new jobs.
Comcast NBC Universal
More than 100,000 employees will receive a $1,000 dollar bonus. On top of that Comcast expects to spend an additional 50 billion (That’s billions with a B) over the next five years, which is bound to create a tremendous amount of new jobs. That by itself is a major shot in the arm for the economy.
Boeing plans to spend 300 million that will go towards employee training and charity along with amenities to it’s employees.
- $100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.
- $100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
- $100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.
Wells Fargo has raised their minimum wage for employees to $15 dollars an hour effective tomorrow when President Trump signs the tax cut bill. They are also going to spend 400 million for charitable giving. (Something else democrats said no business would do)
Fifth Third Bancorp
Fifth Third has also announced that all employees will make a minimum of fifteen dollars an hour. They will also give out a $1,000 bonus to all front line workers.
You can well expect many other companies to share the wealth with it’s employees and increased investments because despite what liberals say cutting the corporate rates lead to massive investments. These companies aren’t about to squirrel money away or hide it in the mattresses because inflation would devalue those savings. No, they will invest it in new businesses or expanding their old ones to increase their revenues in a market that is about to explode.
Keep reminding your friends that every single democrat in both houses of Congress voted no on this package.