By Robert Carbery
Before the bill was even passed through Congress, Trump’s tax cut already started signaling strong signs for the American worker, putting more money in his or her pockets. Corporate America has not only celebrated it, but has literally handed out more money to its employees with the passage of this ultimate Christmas gift, becoming a real life Santa Claus.
AT&T expanded its bonus program to additional 200,000 employees, getting $1,000 per person. Then came Boeing announcing a gift of $300 million in investments in its employee-related charitable program “to support our heroes, our homes and our future.” A college friend of mine working at Washington Federal in Seattle obtained an early Christmas present with a larger than expected bonus alongside a substantial raise he was not expecting. Is America becoming great again???
Wells Fargo announced it would up its minimum wage to $15 per hour starting next year. Fifth Third Bancorp stated that it would offer a bonus of up to $1,000 to its 13,000 workers. Comcast NBC Universal said they would give $1,000 bonuses to its more than 100,000 non-executive employees, announcing that the move was tied to the tax cut and the Federal Communications Commission’s elimination of government regulation on the Internet.
Jobs. Jobs. Jobs! More money to more people. That is what gets presidents reelected. The mainstream media is ignoring the fact that President Trump’s approval rating has reached 46% in the most accurate poll during last year’s cataclysmic election. What people want is the opportunity to make a better life for themselves and that is what the current administration has prioritized more than anything.
The opposition party, the derailed Democrats, have called the tax cut bill “Armageddon,” so said House minority leader Nancy Pelosi. The liberal party, which used to stand for the working people of this country, have moved toward standing against giving more money to more people. Good luck with that!
Here’s the expanding list of 18 companies paying out bonuses to employees, announcing additional hiring, or pay raises for its workers in the wake of much-needed tax cuts as compiled by WorldNetDaily:
- Kansas City Southern, the Missouri-based transportation holding company with railroad investments in the U.S., Mexico and Panama, said it would immediately give a one-time $1,000 bonus to non-executive employees of its subsidiaries in the U.S. and Mexico.
- U.S. Bank of America employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.
- PNC Financial Services will give $1,000 bonus to about 47,500 workers.
- New Braunfels-based Rush Enterprises of Texas is giving each of its 6,600 employees a $1,000 bonus – a total of $6.6 million.
- Associated Bank in Wisconsin boosted its minimum hourly wage to $15 and paying workers a $500 bonus.
- Idaho health-care and home-products company Melaleuca Inc. is providing its 2,000 employees $100 bonuses for every year they worked for the company. The company has 147 employees who have worked for the company for 20 years or more.
- In Hawaii, Royal Hawaiian Heritage Jewelry plans to open up three more shops – in Honolulu, in Kauai and Maui in addition to its existing three shops.
- Washington Federal in Seattle will increase wages for most of its workers by 5 percent and is adding 25 people to its information-technology staff.
- Aquesta Financial Holdings in Cornelius, N.C., will raise hourly pay to $15 and will be giving $1,000 bonuses to all of it workers.
- Canary LLC announced it will hire new employees and purchase more equipment.
- First Hawaiian Bank said it will give out $1,500 cash bonuses to 2,264 employees, or all but 11 members of its senior management team. The state’s largest bank also will increase its minimum wage to $15 an hour from $12.75 an hour for 613 employees.
- Bank of Hawaii, the state’s second-largest bank, said it will give out $1,000 cash bonuses to 2,074 employees, or 95 percent of its workforce. The bonuses affect all employees below the senior vice president level. The bank also will increase its minimum wage to $15 an hour from $12 an hour.
- American Savings Bank, the third-largest bank in Hawaii, said it will award $1,000 bonuses to nearly all of its employees. In addition, the bank said it was increasing its starting wage to $15.25 an hour from $12.21 an hour.
- AT&T expanding its bonus program to an additional 200,000 staffers getting $1,000 apiece.
- Boeing gift of $300 million in investment in its employee-related charitable program “to support our heroes, our homes and our future.”
- Wells Fargo raises minimum wage to $15.
- Fifth Third raises minimum wage to $15 and offering bonuses of $1,000 to 13,000 employees.
- Comcast NBC Universal anted up $1,000 bonuses to more than 100,000 non-executive employees.
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