President Trump hasn’t even signed the Republican tax cut package into law yet, and already American companies are beginning to reinvest their savings to make a stronger American economy.
A handful of companies are announcing new tax cut bonuses and wage increases for their employees, exactly as Republicans predicted would happen if business taxes were lowered.
AT&T was the first company to declare plans to invest $1 billion in capital into the U.S. economy and provide a $1,000 bonus to more than 200,000 of its U.S. employees.
JUST IN: AT&T announces it will "pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees" due to tax reform passage and will also increase US capital spending by $1 billion. https://t.co/jn8limUSe7
— CNBC Now (@CNBCnow) December 20, 2017
A similar announcement was made by Fifth Third Bancorp, which will be raising its minimum wage for all employees to the Left’s coveted $15 an hour “living wage.”
JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. https://t.co/iv4i2MTAkO
— CNBC Now (@CNBCnow) December 20, 2017
[…]
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
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