OMG no ..... SOME Business are choosing to do stock by backs or spend money in OTHER Directions ....
.... however 164 attribute bonuses and raise to the tax cuts .....
164 Companies Credit Tax Reform for Bonuses and Pay Raises
One hundred sixty-four companies have gone on record stating they gave bonuses and pay raises to employees because of the new tax reform law, according to Americans for Tax Reform.
The list has been continually updated and jumped from 40 companies to 164 in 10 days, the Washington Examiner reports.
The businesses include American Airlines, AT&T, prominent banks and savings and loans, Boeing, Comcast, Pacific Power, and Visa.
The list shows what each company paid in bonuses and includes attached statements or press releases, saying tax reform was the catalyst for each company’s decision.
AT&T showed direct support for President Donald Trump in its statement and said it expects the changes to produce more jobs and “economic growth.”
“Congress, working closely with the president, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” AT&T Chairman and CEO Randall Stephenson said in a statement. “Tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees.”
That GOP ‘tax scam’ is putting money in millions of workers’ pockets
It has been nearly a month since Congress passed the Tax Cuts and Jobs Act of 2017, the most sweeping overhaul of the tax code since the 1980s. Of the 185-page bill’s many provisions, perhaps the most consequential is a reduction in the federal corporate tax rate from 35 percent to 21 percent.
Among the tax bill’s leading opponents was Senator Elizabeth Warren of Massachusetts, who was scathing in her denunciation of what she called the “GOP Tax Scam.” Shortly before the final vote, she delivered a blistering speech on the Senate floor.
“Today is a terrible day,” she intoned. “A terrible day for the millions of working families in this country. . . . A terrible day for millions of people who just want to get on with their lives and not have Congress cost them even more money.” Reiterating a message she had pressed for weeks, Warren insisted angrily that what was about to be enacted was “a heist — a heist that steals from millions of middle-class families and hands that money over to the wealthy.”
