The Tax Cuts and Jobs Act was signed by President Trump on Friday morning at the Oval Office marking the delivery of a campaign promise to give Americans a tax cut.
Although the tax reform hands a larger break to big corporations who saw the corporate tax rate slashed from 35 to 21%, there are ways that workers are seeing benefits aside from their own tax cuts. Many large companies in America are handing out bonuses to workers as a direct result of the tax reform.
Here is the list so far.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Journalists at NBC/MSNBC are among the Comcast employees getting $1,000 bonuses "based on the passage of tax reform and the FCC's action on broadband." (<a href="https://t.co/PXYkLqMrgH">https://t.co/PXYkLqMrgH</a>) <a href="https://t.co/JXgYK4W0GT">https://t.co/JXgYK4W0GT</a></p>— Brian Stelter (@brianstelter) <a href="https://twitter.com/brianstelter/status/943821087334285312?ref_src=twsrc%5Etfw">December 21, 2017</a></blockquote>
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The massive telecom company said Wednesday that more than 200,000 of its employees will be eligible for a $1,000 bonus.
The aircraft engineering company said it would invest $100 million in corporate giving including employee gift-match programs, $100 million toward workforce development, and $100 million toward enhancing workplaces.
The San Francisco bank has been marred by scandals of late after their involvement in opening 3.5 million unauthorized accounts which equate to identity fraud yet not a single person went to jail. Anyway, they announced an 11% rise in minimum wage to $15 an hour.
A Seattle-based banking company Washington Federal said it would give 5% merit increases to all employees earning less than $100,000.
Sinclair Broadcast Group announced Friday it would hand a $1,000 bonus to almost 9,000 of its employees after the passage of the tax bill. President and CEO Chris Ripley said, "We recognize that our employees are our most valuable resource, truly appreciate their combined achievements for our Company and look forward to a very bright future."
Dayton T. Brown
An engineering and testing company called Dayton T. Brown said it is giving each of its roughly 210 employees a $400 bonus.
Even Robert Kraft, owner of the New England Patriots announced he would invest millions into North Carolina to build a factory that would employ many people.
The President had some words about the recent announcements saying, "One of the big things that happened – you have some companies. I want to thank AT&T, who actually was the first out of the box, and Boeing, and Sinclair, and Wells Fargo, and Comcast – even though they own NBC, which is not so nice to the presidency or the President. But Comcast also.
"They all have made tremendous contributions to their employees and tremendous contributions to spending money on this country because of the tax bill. And they all said it's because of the tax bill. So they're making tremendous investments. That means jobs; it means a lot of things. And we're very happy."
Trump continued, "So that's AT&T, Boeing, Sinclair, Wells Fargo, Comcast, and now many other companies who you see. In fact, just this morning, I see three more companies came on."
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