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THE BIG LIST OF TAX-CUT RESULTS FOR THE PEOPLE


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2017 Dec 24, 12:26pm   17,250 views  66 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

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

Comments 1 - 40 of 66       Last »     Search these comments

1   MrMagic   2017 Dec 24, 12:28pm  

From the comments at that link, a few more:

Bank of Hawaii: $1,000 bonus, $15 minimum wage

First Hawaiian Bank: $1,500 bonus, $15 minimum wage
2   anonymous   2017 Dec 24, 1:40pm  

anonymous says

Wells Fargo raises minimum wage to $15.


Funny thing is all these banks probably don't even have any minimum wage employees. So raising their minimum wage costs them zero. OR maybe they have like one, some guy that watches theparking lots atms at night to report any suspicious behavior near the bank.
3   anonymous   2017 Dec 24, 2:21pm  

Tellers make minimum

anon_08dee says
anonymous says

Wells Fargo raises minimum wage to $15.


Funny thing is all these banks probably don't even have any minimum wage employees. So raising their minimum wage costs them zero. OR maybe they have like one, some guy that watches theparking lots atms at night to report any suspicious behavior near the bank.
4   MisdemeanorRebel   2017 Dec 24, 5:23pm  

Not $15/hr wages. $15/minimum wages.

Big Difference. When we clamp down on the record-breaking excessive immigration, the rigged labor market will be set free, to the benefit of US Citizens.

Unlimited Supply but limited demand = low prices.
5   MrMagic   2017 Dec 24, 8:20pm  

anon_08dee says
anonymous says

Wells Fargo raises minimum wage to $15.


Funny thing is all these banks probably don't even have any minimum wage employees. So raising their minimum wage costs them zero


Really??

What if they had $10/hr to $14/hr employees and now will raise EVERYONE who was below $15/hr up to that point?

Didn't think of that, did ya?
6   WatermelonUniversity   2017 Dec 25, 7:19pm  

How about a list of give away amounts as a percentage of the tax cut they receive?

Pretty sure they keep most of it. 80-95%.
7   MrMagic   2017 Dec 25, 7:39pm  

BorderPatrol says
How about a list of give away amounts as a percentage of the tax cut they receive?


Go right ahead, please give us that list.

I'll wait.....
8   anonymous   2017 Dec 26, 12:20pm  

the point is your list is meaningless.

Sniper says
BorderPatrol says
How about a list of give away amounts as a percentage of the tax cut they receive?


Go right ahead, please give us that list.

I'll wait.....
9   MisdemeanorRebel   2017 Dec 26, 12:25pm  

Sniper says
BorderPatrol hasn't come back with any list. Typical of his posts, spew and run, with nothing based on fact or proof.


He had them, but the Mossad stole them.
10   Strategist   2017 Dec 26, 12:33pm  

HEYYOU says
All taxpayers will get their raises & bonuses,burger flippers & french fry cooks included.
Where's the money come from? $1,400,000,000,000 debt increase.


You know......Trump created $6 trillion in stock market wealth in just one year, and the democrats are whining about $1.4 trillion over 10 years. WTF.
11   anonymous   2017 Dec 27, 7:47am  

Strategist says
You know......Trump created $6 trillion in stock market wealth in just one year


You keep missing the word additional. There will be an additional 1.4 trillion on top of the 8-10 trillion debt increase over the next 10 years.

You know Obama created 24 trillion in stock market wealth while the republicans screamed about the debt every single year. WTF?
12   anonymous   2017 Dec 27, 7:53am  

And it's 1.4T deficit, not debt increase.
13   Onvacation   2017 Dec 27, 8:13am  

anonymous says

Not too long ago on a forum not so far away the tribe was screaming bloody murder that $15.00 per hour wages would be the death of America along with the GOP elite.

Now this is a good thing ?


Big difference between volunteering to raise wages and the government mandating it.
14   anonymous   2017 Dec 27, 8:36am  

Funny how it is all banks giving the raises. They must know inflation is about to go through the roof. People will be calling for a $30 minimum wage.
15   MrMagic   2017 Dec 27, 8:45am  

anon_13ce6 says
Funny how it is all banks giving the raises.


AT&T, Comcast, Boeing, Canary, Rush Enterprises, Melaleuca Inc, Royal Hawaiian Heritage Jewelry, are all banks??

Wow, I did not know that.
16   MrMagic   2017 Dec 27, 8:48am  

anon_8f378 says
And it's 1.4T deficit,


Strategist says
and the democrats are whining about $1.4 trillion over 10 years.


Why do the Libbies keep leaving out that last part, "OVER 10 YEARS"?? Apparently telling the TRUTH to their base interferes with the twisted narrative being spewed by the TDS crowd.
17   anonymous   2017 Dec 27, 8:49am  

anon_13ce6 says
Funny how it is all banks giving the raises. They must know inflation is about to go through the roof. People will be calling for a $30 minimum wage.


If companies bring back massive amounts of cash to the US this will increase the money supply in the US and will also increase inflation. Soon people will be complaining that $15 isn't enough.
18   zzyzzx   2017 Dec 27, 8:52am  

I am expecting my $1000 bonus to be part of my Jan 6th paycheck, and will report back when this happens.
www.youtube.com/embed/MtvZlLp8Fdc
19   anonymous   2017 Dec 27, 11:12am  

Sniper says
Why do the Libbies keep leaving out that last part, "OVER 10 YEARS"?? Apparently telling the TRUTH to their base interferes with the twisted narrative being spewed by the TDS crowd.


Yes, the DEFICIT will increase over 10 years. So we'll be paying ~$1T more in year one, $1.05T more in year two, $1.1T more in year 3, $1.15T more in year 4, etc. etc., until we're paying $1.4T more in year 10. (it's not a linear rise, but that's just for illustration purposes since sniper clearly doesn't get it).

So, the debt will increase by more than $10T over those 10 years.
20   anonymous   2017 Dec 27, 11:12am  

Sniper says
anon_8f378 says
And it's 1.4T deficit,


Strategist says
and the democrats are whining about $1.4 trillion over 10 years.


Why do the Libbies keep leaving out that last part, "OVER 10 YEARS"?? Apparently telling the TRUTH to their base interferes with the twisted narrative being spewed by the TDS crowd.


How much do you think we will have to borrow to run the country for 2018?
21   CBOEtrader   2017 Dec 27, 12:00pm  

anon_8f378 says
So we'll be paying ~$1T more in year one, $1.05T more in year two, $1.1T more in year 3


Where are you getting these estimates? The groups that do these economic models are notoriously bad at adjusting for changes to the economic environment. In fact, dont most of these predictions assume a flat economic environment?

We are in the midst of a fricken BOOM! Hopefully Trump can continue ending the war in the middle east and cutting regulations.

The deficit wont be anywhere near as bad as you are suggesting.
22   HappyGilmore   2017 Dec 27, 1:44pm  

Sniper says
Please provide a link or chart that shows the deficit that way. You're not understanding the term "OVER 10 years" and think it means "EVERY year."


Lord almighty. Here are the definitions for deficit and debt:

http://www.investorwords.com/1899/Federal_Deficit.html
http://www.investorwords.com/1313/debt.html
Debt is total owed. Deficit is the amount expenditures outweigh revenue (typically measured yearly as the US budget is yearly)
23   anonymous   2017 Dec 27, 5:33pm  

24   anonymous   2017 Dec 27, 5:33pm  

CBOEtrader says
The groups that do these economic models are notoriously bad at adjusting for changes to the economic environment.


Many say they are underestimating the tax revenues that will be lost due to new loopholes.
25   Strategist   2017 Dec 27, 5:41pm  

anon_08dee says
CBOEtrader says
The groups that do these economic models are notoriously bad at adjusting for changes to the economic environment.


Many say they are underestimating the tax revenues that will be lost due to new loopholes.


They will all be wrong. Here's why:
The key variable in determining future government revenues is the GDP. If they can't predict the GDP one year in advance, how the hell are they gonna predict the GDP 10 years from now? And if they can't predict the GDP, they can never be accurate about future government revenues. It's all an estimate, and nothing more.
26   MrMagic   2017 Dec 27, 7:26pm  

anon_08dee says
Many say


Who are these "many"?
27   Strategist   2017 Dec 27, 7:38pm  

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.
28   anonymous   2017 Dec 27, 7:59pm  

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.
29   Strategist   2017 Dec 27, 8:00pm  

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.
30   anonymous   2017 Dec 27, 9:37pm  

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.
31   anonymous   2017 Dec 27, 9:37pm  

http://thehill.com/policy/finance/354542-us-deficit-spending-reached-668-billion-in-fiscal-2017 Oh I forgot to add my proof for 2017's deficit spending
33   Strategist   2017 Dec 27, 9:43pm  

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.
34   Strategist   2017 Dec 27, 9:56pm  

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.
35   anonymous   2017 Dec 27, 10:20pm  

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?
36   anonymous   2017 Dec 27, 10:20pm  

@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?
37   HappyGilmore   2017 Dec 28, 5:31am  

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.
38   HappyGilmore   2017 Dec 28, 5:33am  

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.
40   Tenpoundbass   2017 Dec 28, 8:38am  

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.

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