Home Depot Just Announced Trump Tax Cut Bonuses to Their Employees.
Democrats usually want a bigger government and higher taxes. Republicans want smaller government and lower taxes. For the most part, the American worker goes along with whatever their preferred political candidate tells them would be best for them. Businesses are a little different. A lot of big corporations have made political stands over the past few years because they’re ultimately looking out for their bottom line.
You can’t always trust that someone running for office is giving you the straight facts, but you can depend on a business to do what’s best for their financial health. Some of the most liberal companies have fallen into begrudgingly praising the President’s tax cuts. This is because it was structured in such a way that it’s better for them to pass a more substantial portion of earnings to their hard-working employees.
The number of companies that are giving out unexpected bonuses just keeps growing. Home Depot is the most recent corporate giant to produce an unexpected gift for their employees. This is something the workers will appreciate very much, and it’s great to see a corporation treating employees as an investment in their business.
— Business Insider (@businessinsider) January 25, 2018
The Gateway Pundit reported:
“Home Depot is the latest US corporation to announce Trump tax cut bonuses to their employees.
241 COMPANIES HAVE NOW ANNOUNCED BONUSES TO EMPLOYEES THANKS TO THE TRUMP TAX CUTS
Over 2 million US employees will receive bonuses or raises this year thanks to the Trump tax cuts.
Home Depot sent out this announcement on Thursday morning.
‘Today, as a result of the recent tax reform bill and in appreciation for continued excellent customer service, we are pleased to announce that all U.S. hourly associates will receive a one-time bonus of up to $1,000 based on tenure.
This bonus will be paid during the first full week of February and is in addition to the company’s normal Success Sharing bonuses.
Please join me in thanking hourly associates across the company for their hard work and dedication to taking care of our customers and making us the #1 home improvement retailer in the world.’
The Disney Corporation announced Tuesday it is offering $1,000 bonus checks to 125,000 employees and contribute to an education program for employees.”
It’s hard to see significant gains for the middle class working American as anything other than a win for the debated GOP tax plan. Every person having a more profitable year because of the new tax plan will hopefully remember what the left told them. The stark comparison between that and the reality of more money in their pockets will come to fruition.
According to Fox Business, Home Depot is just one of 241 companies who have now announced similar tax cut bonuses to their employees. AT&T even went so far as to give credit to the Trump Administration:
“Starbucks (SBUX) became the latest company to increase wages and enact other perks for more than 150,000 U.S. employees as a direct result of recent tax reform, joining other corporations in rewarding workers.
The Seattle-based coffee chain said on Wednesday it will give all of its U.S.-based hourly and salaried workers an unspecified raise in April, in addition to a wage increase already dispersed earlier in the Starbucks’ fiscal year, which began last October. Starbucks says it is investing roughly $120 million in the wage increases.
Starbucks is also awarding workers stock grants worth a total of more than $100 million to those employed by the chain as of Jan. 1, 2018. Retail employees will receive at least a $500 grant, while store managers will receive grants of $2,000, the chain said.
The $1.5 trillion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally.
The telecom giant said in late December 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 (T) also said it will invest $1 billion more than expected in the U.S. in 2018, once the cuts are final.
‘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,’ AT&T Chairman and CEO Randall Stephenson said in a statement. ‘This tax reform will drive economic growth and create good-paying jobs.
Both political sides have an agenda they wish to push. That will dictate how they frame a narrative when they bring it to voters. If the currently affected business owners say that a political tax play is good for the economy, then that’s good enough to take it to the bank. If you work for one of the companies giving out a nice bonus, then you’ll be going to the bank anyway!