All the companies giving out raises and bonuses because of tax reform
http://fox17online.com/2018/01/12/all-the-companies-giving-out-raises-and-bonuses-because-of-tax-reform/
(CNN Money) - American corporations are chipper about tax reform. That's been great news for some workers.
On Thursday, Walmart became the latest company to announce one-time bonuses related to the new tax law. Notably, the company also said it would raise its minimum wage to $11 an hour.
There are plenty of reasons for companies to reward workers right now. The economy is doing well, and unemployment is at a low 4.1%. In a tight labor market, companies often need to pay more and provide better benefits in order to fill open positions.
But the new tax law signed by President Trump certainly frees up a lot of cash. It cut the corporate tax rate from 35% to 21%.
Here's who is passing some of those savings along to employees. ...
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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