Due to President Trump’s tax reform plan which was recently passed by the Congress, Walmart announced it will raise wages and give bonuses to a million employees. This will be a one-time bonus said the company, yet raised wages and expanded benefits for Walmart employees are permanent. All these are due to the Tax Cuts and Jobs Act signed into law by the POTUS.
— Fox News (@FoxNews) January 11, 2018
On Thursday, Walmart president and chief executive officer Doug McMillon said:
“Today, we are building on investments we’ve been making in associates, in their wages and skills development. It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”
The starting wage for new Walmart employees is now $11/hour, the one-time cash bonus is up to $1000 while maternity and paternal leave benefits will be expanded. Walmart employees who choose to adopt a child will be offered financial support to the tune of $5000 per child. These money can be used for various adoption related expenses, such as translation fees, adoption-agency fees and legal costs. Doug McMillon added:
We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders. However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology. Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.
The Trump effect continues in 2018, with the US economy booming and more than 100 American corporations giving their employees bonuses of up to $2000 after the tax-reform bill became law of the land. Huge companies like AT&T, Comcast, and Nationwide raised their minimum wages, increased their 401k match rate and invested heavily in the US due to the tax cuts. Apple is expected to repatriate almost 200 billion in foreign cash, while unemployment is at a 17 year low.
In new Quinnipiac Poll, 66% of people feel the economy is “Excellent or Good.” That is the highest number ever recorded by this poll.
— Donald J. Trump (@realDonaldTrump) January 11, 2018
ABC news actually reported today that the economy is getting better because of Obama’s policies.
These people are delusional beyond repair.