he hugely popular coffee chain Starbucks has made an announcement that will leave Democrats with steam coming out of their ears.
The Seattle-based corporation has become the latest employer to pass the savings from the President Trump’s tax cuts onto workers and will be raising wages, offering bonuses and improving benefits.
This is not good news for Democrats who unanimously opposed tax cuts but were defeated by Republicans in a huge win for Trump that they have never recovered from.
How symbolic is it for the blue jackass party to have even liberal-friendly Starbucks joining the growing list of companies using the tax cuts as a way to reward their workers?
It sucks for them and it sucks BIG TIME!
— Jon Steingart (@jonsteingart) January 24, 2018
Starbucks Corp. plans to spend $250 million on new employee benefits, including a pay boost for domestic workers, in the wake of the federal tax overhaul.
The coffee chain will increase pay for its 150,000 U.S. hourly and salaried employees in April, following its regular annual raise earlier this month. It’s also taking its paid-sick time benefit national, allowing workers to save up time off to use for themselves or family, Seattle-based Starbucks said on Wednesday.
Starbucks becomes the latest U.S. company to pledge a portion of its federal tax-cut windfall to employees, which the coffee giant calls “partners.” Apple Inc. said earlier this month that it’s giving most of its staff a $2,500 bonus. Wal-Mart Stores Inc., meanwhile, plans to hike its starting wage to $11 an hour and give out $400 million in one-time bonuses.
“Investing in our partners has long been our strategy,” Starbucks Chief Executive Officer Kevin Johnson said in a memo to employees. “Due to the recent changes in U.S. tax law, we are able to accelerate some significant partner investments.”
The Dems have now been rolled back into a defensive position where all that they have is identity politics and shutting down the government over giving amnesty to illegal aliens.
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