Haim Saban, Hillary Clinton’s “favorite billionaire” who not long ago called Donald Trump a “dangerous clown,” announced Friday that Saban Capital Group will give employees $1,000 after-tax bonuses thanks to . . . Donald Trump’s tax reform.
“As you may know, at the end of 2017, the Federal Government enacted the most fundamental tax reform since 1986. These reforms are impacting our company in different ways, including a lower tax rate,” Saban and his wife, Cheryl, wrote to employees. “Eligible employees will receive a one-time after-tax bonus of $1,000.”
Saban Capital Group is an investment firm in Los Angeles that specializes in media, entertainment, and communication. One of its assets is Univision, the overtly anti-Trump American Spanish-language TV station.
Saban, whose net worth Forbes estimates at over $3 billion, is one of the Democratic Party’s and Hillary Clinton’s biggest donors and fundraisers.
In his letter to employees, Saban wrote that he was “inspired” by the boost Disney CEO Bob Iger announced for his employees. In January, Disney announced that it would award $1,000 bonuses to more than 125,000 employees and invest $50 million into education programs for employees.
That followed announcements from other corporations, including Apple, Starbucks, AT&T, and Comcast, that they are giving employees bonuses and wage hikes thanks to one of tax reform’s central planks — a reduction of the corporate tax rate from 35% to 21%.