We were all told that people will die(!) from the Republican tax cuts. But, as it turns out, letting Americans keep more of their money and cutting the corporate tax is actually bringing a massive boom to the economy and helping the middle class.
It was announced on Thursday that Home Depot would be giving their hourly employees $1,000 bonuses due to the Republican tax plan. That means more than 400,000 Americans will be taking home an extra grand thanks to the GOP and their $1.5 trillion tax package that slashes the corporate tax from 35% to 21%.
“This incremental investment in our associates was made possible by the new tax reform bill,” said a statement from Craig Menear, Home Depot chairman and CEO.
According to Fox News, the bonuses “will be paid in addition to the retailer’s existing bonuses.”
The home improvement supplies chain is just the latest company to offer cash or benefits to their employees in the wake of the business-friendly bill’s passage. Just one day before the Home Depot news, for example, Starbucks announced pay raises, stock grants, and sweetened benefits to their hourly employees.
Hundreds of companies have announced charitable donations, wage increases, bonuses, benefit sweeteners, and plans for expansion since the GOP’s tax plan passed, such as Comcast, AT&T, Boeing Company, Verizon, Apple, Pepco, FedEx, Wells Fargo, and Walmart.
This isn’t exactly the “Armageddon” Democrats warned us about.
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