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THE BIG LIST OF TAX-CUT RESULTS FOR THE PEOPLE

By MrMagic following x   2017 Dec 24, 12:26pm 5,646 views   68 comments   watch   sfw   quote     share    


So far, 14 companies announce bonuses, more pay, expansion. More to come.......

WASHINGTON – Before the ink was even dry on President Trump’s signature on the Republican tax-cut bill, corporate America was not only toasting it, praising it and celebrating it, but handing out money to employees like Santa Claus.

Here’s the growing BIG LIST of companies reacting to the tax cuts with bonuses, more pay and expansion leading directly to new jobs:

U.S. Bank of America employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.

PNC Financial Services will give $1,000 bonus to about 47,500 workers.

New Braunfels-based Rush Enterprises of Texas is giving each of its 6,600 employees a $1,000 bonus – a total of $6.6 million. Chief Financial Officer Steven Keller said: “You’ve got a choice – we could’ve kept it and stuffed it in the company bank account or coffers, or we can share it with the people.”

Associated Bank in Wisconsin boosted its minimum hourly wage to $15 and paying workers a $500 bonus.

Idaho health-care and home-products company Melaleuca Inc. is providing its 2,000 employees $100 bonuses for every year they worked for the company. The company has 147 employees who have worked for the company for 20 years or more.

In Hawaii, Royal Hawaiian Heritage Jewelry plans to open up three more shops – in Honolulu, in Kauai and Maui in addition to its existing three shops.

Washington Federal in Seattle will increase wages for most of its workers by 5 percent and is adding 25 people to its information-technology staff.

Aquesta Financial Holdings in Cornelius, N.C., will raise hourly pay to $15 and will be giving $1,000 bonuses to all of it workers.

Canary LLC announced it will hire new employees and purchase more equipment.

AT&T expanding its bonus program to an additional 200,000 staffers getting $1,000 apiece.

Boeing gift of $300 million in investment in its employee-related charitable program “to support our heroes, our homes and our future.”

Wells Fargo raises minimum wage to $15.

Fifth Third raises minimum wage to $15 and offering bonuses of $1,000 to 13,000 employees.

Comcast NBC Universal anted up $1,000 bonuses to more than 100,000 non-executive employees.




http://www.wnd.com/2017/12/the-big-list-of-tax-cut-payoffs/
#economics

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29   anonymous   ignore (null)   2017 Dec 27, 7:59pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
You're not understanding the term "OVER 10 years" and think it means "EVERY year."


Again sniper, how much do you think we will deficit spend in 2018? $500 billion $1 trillion? What do you think it will be with these tax cuts? I'm going with $1 trillion but whose to say the Democrats do or don't drag their heels on authorization of that borrowing. Pussies will probably give in but shit could hit the fan really fast.

Again how much do you think we will deficit spend in 2018? Simple question.
30   Strategist   ignore (3)   2017 Dec 27, 8:00pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
Strategist says
Sniper says

How about this, if you're agreeing to pay a $10K loan "OVER" ten years, is it paid $10K a year for 10 years (for $100K total), or total amount paid is $10K over that time period?


Now that's an excellent way of putting it. If I was Tatu or whatever name he uses, I would give you an apple for teaching me something.


I try, but he's a real difficult and "special" student!


You mean a special needs student.
I tried some teaching at my university in the old days. I discovered most of the students hated economics, finance, and statistics. I understand everyone has different interests, but if certain subjects are a requirement, students are only there because they have to be there. I don't blame them, and eventually came to the conclusion I would never make a good professor to those who don't want to learn. I ended up moving on to becoming my own boss.
31   anonymous   ignore (null)   2017 Dec 27, 9:37pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
Based on simple math, $1T divided by 10 years would be $100B.


So you know we deficit spent $668 billion in 2017. Now you think tax CUTS are going to drop this to $100B without cuts to spending, folks you can't make this shit up.

You are entitled to your opinion but I personally think you are off by a factor of 10.
34   Strategist   ignore (3)   2017 Dec 27, 9:43pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
Strategist says
I try, but he's a real difficult and "special" student!


You mean a special needs student.


I would have said that, but he has delicate feelings.


Ok, lets call him a brilliant student. Just to make him feel better.
35   Strategist   ignore (3)   2017 Dec 27, 9:56pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Sniper says
anon_cd4a9 says
So you know we deficit spent $668 billion in 2017. Now you think tax CUTS are going to drop this to $100B without cuts to spending,


Seriously Tatty?? Turn down the TDS.

Let's go back to first grade math to help. If the MSM is correct, they say the tax plan will add $1T OVER 10 years. That will be $100B a year.

Obama left office with a $668B deficit, so if the MSM is correct now (which we all know how truly accurate they are, just look at last year's election), there will be an additional $100B in deficit.

So here is the math for the simple minded: $668B + $100B = $768B a year

Do I have to make it simpler than that. And that's if the MSM and all the TDS "experts" are correct with their predictions.


You're wasting your time Sniper. High school education is still free. I suggest we enroll him in a high school near his trailer park.
36   anonymous   ignore (null)   2017 Dec 27, 10:20pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I see, so when you are asked,

anon_cd4a9 says
Again how much do you think we will deficit spend in 2018? Simple question.


And you answer,

Sniper says
On top of the almost $700B deficit Obama had his last year?

Based on simple math, $1T divided by 10 years would be $100B.


First off nobody was asking about 2017, 2018 is the year in question, 1 that will be all Trump. 2017 ended on September 30 and I believe that would be 2/3's Trumps 1/3 Obamas time in office.

Again it was a simple question yet for some reason you couldn't answer it straight at first. Now it sounds like you are saying $750 billion much closer to what others are saying which is $1 Trillion. And no they don't mean $1 trillion plus $650 billion. They mean $1trillion .

Oh and strike 1 on calling me tatty. Any other guesses?
37   anonymous   ignore (null)   2017 Dec 27, 10:20pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

@sniper If you are going to blame 2017 deficit spending on Obama shouldn't he also get credit for increase in Dow along with that?
38   HappyGilmore   ignore (1)   2017 Dec 28, 5:31am   ↑ like (0)   ↓ dislike (3)   quote   flag        

Sniper says
We weren't arguing the definition between debt and deficit, we were arguing the "over 10 years" statement. So let's try this a different way.

If your boss said he was going to give a salary increase of $10K "OVER" ten years, does that mean he pays $10K a year for 10 years (equaling $100K total) or is the cumulative amount to equal $10K?

How about this, if you're agreeing to pay a $10K loan "OVER" ten years, is it paid $10K a year for 10 years (for $100K total), or total amount paid is $10K over that time period?


I'm laughing at your continued display of ignorance here.

Let me try again. The US budget maintains a YEARLY budget. So the budget deficit is measured YEARLY. If it grows to $1.5T that means the YEARLY deficit is $1.5T.

Debt is cumulative. Deficit is yearly.

And fyi--in your example of the salary increase--unless the boss gives the entire $10K in the last year, the total amount paid will be more than $10K. Most likely the total amount paid will be ~$50K if the increases are given yearly at a linear rate.

It's honestly hard for me to fathom that you can't understand this.
39   HappyGilmore   ignore (1)   2017 Dec 28, 5:33am   ↑ like (0)   ↓ dislike (4)   quote   flag        

Strategist says
You're wasting your time Sniper. High school education is still free. I suggest we enroll him in a high school near his trailer park.


Strat---

Some free advice for you. Any time you think CIC is correct, you need to pause and take a second to think harder.
41   Tenpoundbass   ignore (11)   2017 Dec 28, 8:38am   ↑ like (1)   ↓ dislike (1)   quote   flag        

I remember when I was posting my uncanny spot on assessment of Obamacare to come, the Liberals here were all chiming in and saying I was full of shit. Lying and that Obamacare wasn't even implemented yet. Patrick even called me out and suggested I might be racist and don't like Obama because he's black and that's what was skewing my expectations of Obamacare.

So to those of you with low expectations of the Tax cut. I say I'll just wait and see.
42   anonymous   ignore (null)   2017 Dec 28, 9:28am   ↑ like (0)   ↓ dislike (1)   quote   flag        

Tenpoundbass says

So to those of you with low expectations of the Tax cut. I say I'll just wait and see.


Fair enough. Maybe the third time is the charm for trickle on economics.

I can't say I'm the biggest fan of Obama care. I knew it was another political sham when single payer went away. Still think something needs to be done with this industry. Also if Obama care does go away we will still see skyrocketing health care costs. It wasn't Obama Care that caused that. Suck we can't get on the same page and get our representative to do something meaningful.
43   HappyGilmore   ignore (1)   2017 Dec 28, 9:38am   ↑ like (0)   ↓ dislike (3)   quote   flag        

Sniper says
Sniper says
Once again, what's the difference between the terms "Over 10 years" and "Each of the next 10 years"? Which way is it being reported?


So?????


So you clearly still don't get it. Your analogy of salary is actually pretty close. If I say my yearly salary will increase by $10K over the next 10 years, the total amount of extra $$ I will get paid in those 10 years will not be $10K. Assuming equal annual raises, the total extra $$ is $55K

The key is that the deficit is being measured yearly, just like the salary is measured yearly.
44   TwoScoopsOfSpaceForce   ignore (4)   2018 Jan 3, 12:21pm   ↑ like (2)   ↓ dislike (0)   quote   flag        



JUST IN: Southwest Airlines to give all full-time and part-time employees a $1,000 cash bonus on Monday & company will also make $5M in charitable donations and invest in its Boeing fleet due to tax reform passage. https://t.co/YKho1O67Ek

— CNBC (@CNBC) January 2, 2018

45   Quigley   ignore (0)   2018 Jan 3, 12:33pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

Well that was pretty cool of those airlines to acknowledge their employees are the face of the company and show appreciation for their efforts in the most meaningful and honest way possible: a bonus!

I have a feeling that we are in for boom years unprecedented in my lifetime!
46   HEYYOU   ignore (18)   2018 Jan 3, 12:38pm   ↑ like (0)   ↓ dislike (3)   quote   flag        

Got the list of all those that won't get a bonus or raise based on the total number of those employed?
Got the list of all those that will have a tax increase?
Got a list of all those that will have an increase in their related cost of living?
Got a list of all those that will see gradual tax increases in the coming years?
Got a list of all those that will have to pay a penalty in 2018 under Trumpcare?

I've got this!
NO!
NO!
NO!
NO!
NO!
48   zzyzzx   ignore (1)   2018 Jan 9, 10:16am   ↑ like (3)   ↓ dislike (0)   quote   flag        

HEYYOU says
Got the list of all those that won't get a bonus or raise based on the total number of those employed?
Got the list of all those that will have a tax increase?
Got a list of all those that will have an increase in their related cost of living?
Got a list of all those that will see gradual tax increases in the coming years?
Got a list of all those that will have to pay a penalty in 2018 under Trumpcare?

I've got this!
NO!
NO!
NO!
NO!
NO!


49   MrMagic   ignore (11)   2018 Jan 9, 12:09pm   ↑ like (5)   ↓ dislike (0)   quote   flag        

zzyzzx says
Over 1 Million Workers Have Received a Bonus Since The Trump Tax Bill Became Law


Is it time to impeach Trump yet?
50   anonymous   ignore (null)   2018 Jan 9, 1:44pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

zzyzzx says
https://townhall.com/tipsheet/mattvespa/2018/01/08/whoa-over-1-million-workers-have-received-a-bonus-since-the-trump-tax-bill-became-law-n2431341

Over 1 Million Workers Have Received a Bonus Since The Trump Tax Bill Became Law


I got a yuge bonus, however it was barely 10% more than last years bonus. Trump had zero effect on that
51   Strategist   ignore (3)   2018 Jan 9, 5:11pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

errc says
zzyzzx says
https://townhall.com/tipsheet/mattvespa/2018/01/08/whoa-over-1-million-workers-have-received-a-bonus-since-the-trump-tax-bill-became-law-n2431341

Over 1 Million Workers Have Received a Bonus Since The Trump Tax Bill Became Law


I got a yuge bonus, however it was barely 10% more than last years bonus. Trump had zero effect on that


Kindly check your 401K.
53   TwoScoopsOfSpaceForce   ignore (4)   2018 Jan 11, 10:19am   ↑ like (2)   ↓ dislike (0)   quote   flag        

---WALMART---

https://www.axios.com/walmart-boosting-1515675530-f1641dc4-c92c-4002-ab00-b2e8cf35d540.html
Raising starting wage to $11/hr. Paying up to $1,000 bonus to employees. Biggest Employer in USA.

"It won't happen" It happens
"It's not enough"
https://www.huffingtonpost.com/entry/bonuses-gop-taxes_us_5a553a50e4b0d614e48a8f52?nty
Move over Left Wing Americants, Trump Train Coming Through. Choo-freakin'-Choo Choo.
54   TwoScoopsOfSpaceForce   ignore (4)   2018 Jan 11, 11:14am   ↑ like (2)   ↓ dislike (0)   quote   flag        



Why, this, this, this, is... ARMAGEDDON
55   Strategist   ignore (3)   2018 Jan 11, 11:44am   ↑ like (2)   ↓ dislike (1)   quote   flag        

TwoScoopsPlissken says


This my friends, is called "trickle down economics"
56   Strategist   ignore (3)   2018 Jan 11, 11:47am   ↑ like (1)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says




Pelosis definition of trickle down........The rich drink champagne and trickle down on the poor.
58   anonymous   ignore (null)   2018 Jan 12, 7:23am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
Pelosis definition of trickle down........The rich drink champagne and trickle down on the poor.

Are you agreeing with this? If not, what's your disagreement?
59   anonymous   ignore (null)   2018 Jan 12, 7:23am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says

This my friends, is called "trickle down economics"

Care to explain how well that's worked for most people since Reagan?
60   anonymous   ignore (null)   2018 Jan 25, 3:20pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Home Depot is awarding its hourly employees in the U.S. a one-time cash bonus of as much as $1,000 following the passage of new tax legislation.

Home Depot joins a growing list of corporations, and many retailers, using new tax benefits to invest in their workers.

"This incremental investment in our associates was made possible by the new tax reform bill," Chief Executive Officer Craig Menear said in prepared remarks. "We are pleased to be able to provide this additional reward to our associates."

For fiscal 2018, Home Depot is still evaluating the legislation's impact on its business but said it should be "beneficial."

"Amid the changing retail environment," Home Depot said it plans to make more investments in its stores, workers and the customer shopping experience.

https://www.cnbc.com/2018/01/25/home-depot-to-award-hourly-employees-1000-bonus-due-to-tax-reform.html
61   anonymous   ignore (null)   2018 Jan 25, 3:20pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Disney to give $1,000 bonuses to 125,000 employees and create a higher education program.



Walt Disney Co. is giving $1,000 bonuses to 125,000 employees and spending $50 million to create a new higher education program for workers, the company said Tuesday.

The one-time cash bonuses are for full- and part-time non-executive employees in the United States who have been with the company since Jan. 1.

The new education initiative, which is designed to cover tuition costs for hourly employees, will receive $25 million in annual funding going forward, Disney said in a statement.

The Burbank entertainment giant is the latest major company to announce a plan to disburse money to employees in the wake of the December passage of the Tax Cuts and Jobs Act of 2017 — which includes a lower tax rate for corporations.

http://www.latimes.com/business/hollywood/la-fi-ct-disney-bonuses-education-20180123-story.html
62   anonymous   ignore (null)   2018 Jan 25, 3:20pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Arizona CEO Bob Parsons giving $1.3M in bonuses to employees after GOP tax plan passage.

Scottsdale resident Bob Parsons is giving $1.3 million in bonuses to employees Friday after passage of the GOP tax plan.

The money will go to 725 employees at YAM Worldwide, a Parsons-owned holding company that operates more than a dozen businesses ranging from real estate to video production.

Parsons predicts the tax plan will lead to "explosive" growth. "On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy,” he said in a released statement. “I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.”

Nearly 600 employees with YAM at least a six months will receive $2,000 bonuses. Those hired more recently will get $1,000 bonuses.

The money is in addition to employee bonuses, ranging from $500 to $5,000 based on tenure and luck, given earlier in December.

https://www.azcentral.com/story/news/local/scottsdale/2017/12/22/godaddy-founder-former-ceo-adding-1-3-million-bonuses-holding-company-employees-following-gop-tax-pl/976702001/
63   anonymous   ignore (null)   2018 Jan 25, 3:20pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

The CEO of a Florida-based software company is making sure his employees know the reason for their fattened paychecks.

CEO Sheldon Wolf, the founder of Tampa-based software developer Spellex Corporation, made sure that President Trump would be credited for the tax cut bonus by ensuring that the “memo” section of each $1,000 bonus check reads, “Trump Tax Cut and Jobs Act,” Fox News reported.

“I thought, ‘Well, what about us smaller companies, companies with less than 100 employees or less than even 50 employees? We could do the same thing,'” Wolf said. “I wanted to do it because I’m excited about the new tax plan from Trump and the GOP, and I wanted to share the wealth, as they say.”

“[It] plainly said, ‘This is why you’re getting this check, because of the change in the new tax plan,'” Wolf added. “I don’t think they’re particularly fans of President Trump, but nobody was complaining. They were all happy.”

http://www.breitbart.com/big-government/2018/01/17/software-company-ceo-credits-trump-tax-cut-jobs-act-1000-bonus-checks/
64   MrMagic   ignore (11)   2018 Jan 31, 8:58am   ↑ like (1)   ↓ dislike (1)   quote   flag        

Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody's Analytics.

Private companies hired 234,000 jobs in January, well above expectations for 185,000, according to ADP and Moody's Analytics.

Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.

The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody's Analytics.

Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.

On the goods-producing side, manufacturing added 12,000 jobs while construction saw 9,000 new hires despite the traditionally slow month for the industry.

In terms of company size, ADP reported that new hires were evenly distributed. Mid-sized firms (50 to 499 workers) led with 91,000, while large companies added 85,000 and small businesses hired 58,000.

https://www.cnbc.com/2018/01/31/private-jobs-up-234k-in-january-vs-185k-est-adp-moodys-analytics.html
65   anonymous   ignore (null)   2018 Jan 31, 9:20am   ↑ like (2)   ↓ dislike (2)   quote   flag        

Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.


Wait a minute, wut?

I thought they were all beautiful full time manufacturing jobs? Only 10% of the jobs are outside of service industry? Yikes.
66   MrMagic   ignore (11)   2018 Jan 31, 3:45pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

Hostess Brands Rewards Employees with Bonuses of More Than $1,000 Following New Tax Reform Law.

KANSAS CITY, Mo.--(Business Wire)--Hostess Brands, Inc. today announced that, following the recently enacted tax legislation, the snack cake maker will be providing bonuses totaling $1,250 to its 1036 hourly bakery and corporate employees. The bonuses will include $750 in cash and a $500 401k contribution.

To further sweeten the benefit, Hostess is also offering a year’s worth of free product to all employees. A representative from each bakery location will choose a “product of the week” for the bakery and all employees will be eligible to take home one multi-pack of the week’s selection, every week for a year.

http://www.digitaljournal.com/pr/3641788
67   MrMagic   ignore (11)   2018 Jan 31, 3:47pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

Lowe's to give some employees bonuses of up to $1,000 and expand benefits due to tax reform.

Lowe's will follow rival Home Depot in giving thousands of its hourly employees a one-time bonus of up to $1,000 due to new tax legislation, according to an internal company memo reviewed by CNBC on Wednesday.

The bonuses will be based on an employee's length of service with Lowe's, and more than 260,000 part- and full-time individuals are set to receive the payouts, the company said. Lowe's declined to comment on how the bonuses would be broken out based on tenure.

Effective May 1, Lowe's will also be expanding its benefits package for full-time workers to include paid maternity leave for 10 weeks, parental leave for 10 weeks, adoption assistance of up to $5,000, and faster eligibility for health benefits, the memo said.

https://www.cnbc.com/2018/01/31/lowes-to-give-some-employees-bonuses-expands-benefits-due-to-tax-reform.html

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