I have to imagine that the avalanche of companies giving employees bonuses due to the President Trump's tax cuts has to chap Obama's ass bigly. Bigly. How many companies have declared bonuses so far? Total tax cut bonuses are now determined to be equal to $1.38 Billion, with a capital B. I bet every last cent of that ends up being put back into the economy. Pretty soon a company that isn't giving out a bonus will be news worthy instead of the other way around. Thank You President Trump!!!
Of course the left and the media do some amazing mental gymnastics to down play the bonuses. They do their best to find the black cloud in the silver lining.
* one point three eight billion baby
* this is a crappy, cry baby website but I enjoy all their whining and hand wringing
Hostess Brands, Inc. is the latest corporation to deliver bonuses to workers as a result of the GOP tax bill.
The company, which makes Twinkies, Ding Dongs and Ho Hos, announced on Thursday that it is giving employees a one-time bonus of $1,250, with $750 of that in cash and $500 in the form of a 401(k) contribution. In a borderline on-the-nose move, Hostess is also giving employees one free multibox of snacks per week in addition to the small bonus.
Hostess Executive Chairman C. Dean Metropoulos told Bloomberg that the recently passed tax legislation was the driving force behind the company’s decision to invest in its employees.
“The recent tax reform changes have given us the opportunity to review our benefit and compensation structure,” he said in a statement. “The company’s management and board take great pleasure in sharing the company’s success with our employees.”
Of course the left and the media do some amazing mental gymnastics to down play the bonuses. They do their best to find the black cloud in the silver lining.
those one-time bonuses do little to actually help workers in an economy where wages have remained stagnant for years, despite a four percent unemployment rate. If corporate executives truly wanted to help their employees, they would focus on wages instead.
* one point three eight billion baby
* this is a crappy, cry baby website but I enjoy all their whining and hand wringing