Tax cuts and jobs act.

arcturus88 · Dec 20, 2017

doom...despair...and agony...on me.

Trump, GOP tax plan: Companies rush to announce special bonuses, pay hikes - Business Insider

http://markets.businessinsider.com/stock/T-Quote

AT&T said Wednesday it will pay a $1,000 bonus to more than 200,000 US employees after the GOP tax bill is enacted.
"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T US employees — all union-represented, non-management and front-line managers," a company press release said . "If the president signs the bill before Christmas, employees will receive the bonus over the holidays."

http://markets.businessinsider.com/stock/T-Quotehttp://markets.businessinsider.com/stock/T-Quotehttp://markets.businessinsider.com/stock/T-Quote

Boeing released a statement announcing "immediate commitments for an additional $300 million in investments that will move forward as a result of the new tax law."
They are:
"$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing's focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.
"$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
"$100 million for "workplace of the future" facilities and infrastructure enhancements for Boeing employees.
Boeing CEO Dennis Muilenburg said:
"For Boeing, the reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth."

arcturus88 · Dec 21, 2017

more winning...

Comcast announces $1,000 bonuses after passage of tax bill | TheHill

"Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees," the company said in a statement.

tecoyah · Dec 21, 2017

arcturus88 said:
more winning...

Comcast announces $1,000 bonuses after passage of tax bill | TheHill

That will be wonderful if they actually do it.

arcturus88 · Dec 21, 2017

tecoyah said:
That will be wonderful if they actually do it.

is it possible for business culture to change?

If not for altruism then if for nothing else...insight into its own preservation?

tecoyah · Dec 21, 2017

arcturus88 said:
is it possible for business culture to change?

If not for altruism then if for nothing else...insight into its own preservation?

Possible but highly unlikely in this country. We have managed to create a form of capitalism that literally RELIES on human greed and nihilism which has deeply bled into our society....politics, healthcare, industry and even our population to an extent. The very few titans remaining are almost silenced under the struggle for more.

numan · Dec 21, 2017

Fitz said:
I find this back of an envelope appoach to taxation and peoples lives is just taking the piss. Do they seriously think that money will "trickle down" to the economy?

No, of course they don't "seriously" think it will trickle down --- but that will certainly not stop the the oligarch looters from bellowing forth from all their channels of misinformation that it will trickle down.
.

Ralph47 · Dec 21, 2017

numan said:
No, of course they don't "seriously" think it will trickle down --- but that will certainly not stop the the oligarch looters from bellowing forth from all their channels of misinformation that it will trickle down.
.

It will be more like "gushing down" (and all directions frankly).

arcturus88 · Jan 11, 2018

Don't look now...more winning:

https://www.dailywire.com/news/2572...m_content=062316-news&utm_campaign=benshapiro

TRUMPONOMICS: Walmart Hikes Wages, Shells Out Bonuses, And More, Because Of GOP Tax Cut

The economy under President Donald Trump and the Republican-controlled Congress is firing on all cylinders. Immediately following the passing of the GOP tax plan in the House, numerous businesses announced plans to grow their companies and compensate their employees with bonuses and higher wages due to the newly freed-up cash.
One of the latest businesses reacting to the GOP tax plan is retail giant Walmart, which announced on Thursday that it will increase their minimum wage and hand out bonus checks to their hourly workers. U.S. employees of Walmart will now see their hourly wage kicked up to $11 an hour, and workers will also be receiving bonus checks of up to $1,000.

arcturus88 · Jan 11, 2018

Several big companies giving bonuses and raises based on Trump's tax plan.

I honestly give some credit to the Bernie/socialist crowd. I think that business is terrified of the decimation a socialist president would do to them. So they are wising up and "sharing the wealth" in some regards.

Self-preservation makes sense.

In essence they are telling employees, "See capitalism works...stick with it!"

arcturus88 · Jan 19, 2018

Apple CEO Tim Cook cites GOP tax reform as driver in $350B US investment

Speaking with ABC News' "World News Tonight with David Muir," Cook discussed the intricacies of Apple's forthcoming investment, which will incur a foreign tax bill of $38 billion.

Earlier on Wednesday, Apple foreshadowed a major shift in financial policy when it announced plans to repatriate a portion of its overseas cash hoard, a move that will pump $350 billion into the U.S. economy. That money will in part go toward a new campus and the generation of 20,000 jobs.

The company expects to pay $38 billion in taxes on the repatriated funds, a sum it says is the largest ever of its kind.

In a one-on-one with reporter Rebecca Jarvis, Cook explained that recent U.S. tax policy changes allowed for the huge capital commitment. Still, the executive insists that some changes, perhaps the grant of employee stock bonuses, would have been made "in any situation."

"Let me be clear, there are large parts of this that are a result of the tax reform, and there's large parts of this that we would have done in any situation," Cook said.

Jarvis suggested President Trump's tax bill is a "huge windfall" for Apple, a statement Cook did not directly refute.

"There are two parts of tax bill, there's a corporate piece and an individual piece," Cook explained. "I do believe the corporate tax side will result in job creation and a faster growing economy."

Just prior to the ABC News exclusive, Trump tweeted out a message taking credit for Apple's announced investments.

"I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS. Huge win for American workers and the USA!" Trump wrote.

Ralph47 · Jan 19, 2018

It is quite serendipitous indeed.

Tax cuts and jobs act.

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