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Thread: More than a trickle down

  1. #1
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    More than a trickle down

    Corporations not waiting for next year to reward workers as result of tax bill passage.

    LINK

    Boeing

    The aerospace and defense company immediately announced $300 million in investments after the bill passed, with $100 million toward corporate giving including employee gift-match programs, $100 million toward workforce development, training and education and $100 million toward enhancing Boeing’s workplaces.

    AT&T

    The telecom giant said Wednesday that more than 200,000 of its employees, including union-represented and non-management workers, will be eligible for a $1,000 bonus. The checks will be in the mail in time for the holidays if Trump finalizes the tax bill with his signature before Christmas. AT&T also said it will invest $1 billion more than expected in the U.S. in 2018, once the cuts are final.

    Fifth Third Bancorp

    The Cincinnati-based banking corporation said it would raise the minimum hourly wage for all employees to $15 per hour and dispense $1,000 bonuses for more than 13,500 workers. The company says tax reform was directly responsible for the initiatives.

    “It is good for our communities, employees and Fifth Third Bank,” Fifth Third President and CEO Greg Carmichael said.

    Wells Fargo

    Wells Fargo & Company said it would raise minimum wage for its team members to $15 per hour and earmark $400 million for philanthropic initiatives in 2018. Some $100 million of that total will be committed to boosting small businesses, while $75 million will support neighborhood revitalization efforts.

    “We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners,” said Wells Fargo President and CEO Tim Sloan. “We look forward to identifying additional opportunities for Wells Fargo (WFC) to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders."
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    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

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  3. #2
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    Looks like Comcast has jumped on board and is giving an extra $1,000 bonus to over 100,000 of its employees because of the tax plan. The sweet irony is that since Comcast owns MSNBC then all the Trump hating talking heads will also likely get the unexpected windfall.

    LINK
    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

  4. #3
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    Oh, oh.....nothing for government or teachers!

    Think of the children!

    If Germany is worried about losing jobs to the USA, this is a very good thing.

  5. #4
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    Quote Originally Posted by Gingersnap View Post
    Oh, oh.....nothing for government or teachers!

    Think of the children!

    If Germany is worried about losing jobs to the USA, this is a very good thing.
    Australia as well.
    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

  6. #5
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    Add Sinclair, the nation's largest TV broadcaster, to the companies promising a $1,000 bonus to employees with the successful passage of the tax reform bill.

    The Hunt Valley, Md.-headquartered Sinclair Broadcast Group, which has 173 TV stations and reaches more than 38% of the U.S., said Friday that it will pay a special $1,000 bonus to its nearly 9,000 full-time and part-time employees, excluding senior level executives.
    LINK
    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

  7. #6
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    Billionaire GoDaddy founder Bob Parsons says he's giving out $1.3 million worth of bonuses to his staff on Friday, thanks to the new Republican tax reform law.
    The bill, which was signed into law by President Trump on Friday, slices the corporate tax rate from 35% to 21%.

    "The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy," Parsons said in a press release. "I've always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff."

    Parsons in 2014 walked away from his domain hosting service company known for its racy ads. He now runs YAM Worldwide, an entrepreneurial conglomerate.
    The firm employs 725 people, and the 594 who have been with the company longer than six month will each receive a $2,000 bonus, according to the press release. All other staffers will get $1,000. The bonuses total $1.3 million.
    http://money.cnn.com/2017/12/22/news...ill/index.html
    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

  8. #7
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    Bank of America will give some of its employees a $1,000 bonus, citing the tax bill that was just signed into law.

    "Beginning in 2018, we will see benefits from the tax reform ... in the form of lower corporate tax rates," CEO Brian Moynihan said in an internal memo to employees obtained by CNBC. He also said that about 145,000 employees will receive the bonus.
    BOA
    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

  9. #8
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    Joining a number of other companies nationwide, Pittsburgh-based PNC Financial Services Group is pledging to put more money in employees pockets in the wake of the passage of the federal tax bill.

    Pittsburgh’s biggest bank said it would give workers below a certain compensation level a $1,000 cash bonus in the first quarter of 2018, which would affect about 90 percent of employees.

    Additional moves include adding $1,500 to employees’ defined benefit pension plan; raising the minimum pay to $15 an hour by the end of 2018; and making a $200 million contribution to the PNC Foundation, which supports early childhood education.
    PNC
    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

  10. #9
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    Priceless Counterpoint......... "It's only $600 dollars"

    __________________________________________________ __________________________________________________ _________
    Sheep Sickness

    There is no half way. After his first exposure, a man is either a sheep hunter or he isn’t. He either falls under the spell of sheep hunting and sheep country or he won’t be caught dead on another sheep mountain.

    Jack O'Connor —”The Bighorn,” March 1960

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  12. #10
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    Good news for the country is bad news for Democrats.

    Pity.
    "What truly matters is not which party controls our government, but whether our government is controlled by the people. January 20th 2017, will be remembered as the day the people became the rulers of this nation again. The forgotten men and women of our country will be forgotten no longer."

    link

    Time will tell.

  13. Likes Newman liked this post

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