After tax reform, a number of companies in the United States promised employees additional bonuses

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Some large companies have announced plans to use the tax savings they receive as a result of tax reform to raise salaries for their employees.

Wells Fargo (WFC) and Fifth Third Bancorp (FITB) said they plan to raise the minimum wage in their companies to $ 15 per hour. Other firms including Comcast (CCZ) and AT&T, promised employees up to $ 1,000 bonuses.

US Senate 20 December accepted the tax reform bill prepared by the administration of President Donald Trump. On the eve of the document approved by the House of Representatives. Now the regulation will be submitted for signature to the head of the White House, after which it will be able to gain legal force. Among other things, it will reduce the corporate tax rate to 21% from 35%.

The White House confidently stated that this measure would be a blessing for the workers, as companies would invest their tax savings in wages and jobs. Many economists argue that corporations will use the funds in the interests of their investors by repurchasing shares and receiving large dividends.

The fact that companies will do with tax savings, remains the subject of fierce debate. TV channel CNN compiled a list of companies that have already decided what they can do for workers.

AT&T

The telecommunications firm said it would give 200 to thousands of employees a $ 1000 bonus.

In his statement, the CEO AT&T Randall Stevenson welcomed the “Congress Working with the President” for a “monumental step” that “will create good jobs.”

Boeing

The aerospace giant said it would spend 300 million dollars on workers. Funds will be distributed equally between workers, modernization and the program, which corresponds to the charitable contributions of employees.

According to the press release, the CEO Boeing Dennis Muilenburg “praised” the tax bill as “an important factor in business development, economic growth and innovation for the United States and Boeing».

Comcast

Telecommunications firm that owns NBCUniversal, said it would issue “special” bonuses in the amount of $ 1000 to more than 100 000 employees.

Comcast also expects to “spend more than 50 billions of dollars over the next five years, investing in infrastructure to drastically improve and expand our capacity, as well as our offers on television, movies and the theme park,” the press release said Wednesday evening. “With this investment, we plan to add thousands of new direct and indirect jobs.”

Two representatives of the company confirmed that the announcement was related to tax reform.

Fifth Third Bancorp

The financial services company says it will increase its hourly minimum wage to $ 15 for 75% of its employees.
The company also promised to give $ 1000 bonuses of about 13 500 to its employees.

Wells Fargo

Megabank has announced that it will increase the minimum hourly rate to $ 15, compared with the current minimum of $ 13,50 per hour. The company said the new minimum will take effect in March 2018 of the year. The bank also said it would increase its charity campaign by about 40% to $ 400 million.

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