If you fell for the mainstream media’s Democrat-fed talking points, you probably thought giving corporations a tax break was going to do nothing but pad company profits and shareholders’ bank accounts. But, shortly after Congress passed the historic, economy-boosting bill out of both chambers, major U.S. employers announced payouts to employees and increases in investments here at home.
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“Based on the passage of tax reform and the FCC’s action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees,” the company said in a statement.
— The Hill (@thehill) December 20, 2017
AT&T said on Wednesday that if tax reform passed, the company will give a $1,000 bonus to 200,000 employees and invest an additional $1 billion in the United States.
Breaking News AT&T To Shares the Wealth
Because of GOP Tax Bill will pass out $1,000 bonus to 200,000 American workers and invest $1.0 billion.
— Charles V Payne (@cvpayne) December 20, 2017
Wells Fargo also said it would boost its bottom wage to $15/hr and donate $400 million to charity once tax reform passed.
JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill. https://t.co/GmM8bT0zjh
— CNBC (@CNBC) December 20, 2017
Fifth Third Bancorp joined Wells Fargo in raising its minimum wage to $15 an hour and pay employees a bonus after Congress voted the bill through.
— National Review (@NRO) December 20, 2017
Boeing joined the chorus of large companies giving more money to employees and increasing investment due to the tax bill.
Boeing's full statement on tax reform:
"Boeing CEO Muilenburg Applauds Tax Law, Announces $300 Million in Employee-Related and Charitable Investments to Spur Innovation and Growth" pic.twitter.com/WeTRSSKfYT
— Ryan Saavedra (@RealSaavedra) December 20, 2017
this is a developing story and will be updated as more winning occurs.Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!