I remember when Democrats tried to stimulate the economy. Remember that? They gave money to solar power companies and government handout programs. Did you see more money in your check?
I sure didn’t.
But now, with the GOP and President Trump in charge, millions of working Americas are going to see just that: extra cash. It’s because of the tax plan, and in case you are counting, no one has yet died of it.
Here’s more from the Washington Examiner.
Over 1 million American workers with over 100 companies are set to receive a bonus, pay hike or retirement increase as a direct result of President Trump’s tax reform package.
The latest list from Americans for Tax Reform, which has been collecting the names of firms paying the Trump bonus, finds that some are paying as much as $3,000.
The Examiner has been compiling a list, and since they first published, more and more companies have written to have their names added.
On December 11, IAT Insurance Group announced their pledge to reinvest tax savings into what makes IAT great, their employees. After the bill officially passed, IAT announced on December 21 their plan to pay all non-executive employees a $3,000 bonus on January 15, 2018,” said the company.
“Just read your story. Can you include us in your tax cut list?” added Lisa Mattson, the director of marketing and communications for the popular Jordan Vineyard & Winery of Healdsburg, Calif.
It’s a long list. Here is a sample, the first three on the list.
AAON — $1,000 bonus checks to 2,000 employees
“We are very appreciative of all AAON employees and want to commemorate the passing of this historic, economy-stimulating tax reform law. While most employees are shareholders of the company and benefit as a result of the new tax law, we felt it appropriate to provide a more direct recognition of their importance to AAON’s future success.” — CEO Norman H. Asbjornson
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
AccuWeather – year-end bonuses to all employees. (Approx. 450 – 500 employees)
“The bonuses are possible due to the company’s robust financial performance in 2017 and strong confidence in the growing U.S. and global economy now that the Tax Bill has passed.” – AccuWeather press release
Aflac – increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
“We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community.” — Aflac Chairman and CEO Dan Amos
They call it the Trump Bonus. I would call it the THIS IS WHAT HAPPENS WHEN YOU REDUCE TAX BURDENS Bonus, but … tomato, to-MAH-to.