Over 100 companies giving Trump Bonuses after tax victory, tsunami building
The number of companies offering employee bonuses, pay hikes, and increases in benefits in reaction to President Trump's December tax reform victory is now over 100, with thousands of workers impacted and charities too.
Less than a day after Americans for Tax Reform put out an initial list of 40, it jumped to 52 as more company plans poured in.
And by the end of today, ATR's John Kartch told Secrets that the list will hit over 100. "Small businesses from across the country are sending me news of their tax-cut bonuses, wage hikes, and charitable donations. Many of these were only announced internally. There is a broad and deep tsunami building," added Kartch, ATR's vice president of communications.
Kartch is asking that firms who have decided to spread the anticipated wealth let him know. Please help ATR expand this list if you know of any companies missing below, please send to email@example.com)," he put in his blog post.
Grover Norquist, ATR's president, said the bonuses are nullifying Democratic attacks on the GOP tax package. He told Secrets, "Every announcement of another company raising wages, hiring, paying bonuses, investing in America is another nail in the coffin of the Democrat attacks on the Republican tax cut. This drip, drip, drip is added to the daily reports on stock market gains, the bigger checks in pay envelopes and the jump in your 401K and IRA."
Below is his ATR's list. It includes the plans and comments by the firms:
AT&T $1,000 bonuses to 200,000 employees; $1 billion increase in capital expenditures.
"Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world. Tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees." Chairman and CEO Randall Stephenson
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