~ Where the Sun Will Never Set on Our liberty ~
Great chart! Thanks for posting this one, JG! I'm gonna print out this bugger.
Nice summary. Thanks!
This is fabulous news! It's only going to get better too.
100+ Companies Giving Bonuses Thanks to GOP Tax Reform
Americans for Tax Reform sent a list to the Washington Examiner’s Paul Bedard and listed more than 100 companies that plan to give their employees bonuses. Here’s are part of the list below (the full list can be viewed here):
AT&T — $1,000 bonuses to 200,000 employees; $1 billion increase in capital expenditures.
“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. 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.” – Chairman and CEO Randall Stephenson
AAON — $1,000 bonus checks to 2,000 employees.
“We are very appreciative of all AAON employees and want to commemorate the passing of this historic, economy-stimulating tax reform law. While most employees are shareholders of the company and benefit as a result of the new tax law, we felt it appropriate to provide a more direct recognition of their importance to AAON’s future success.” — CEO Norman H. Asbjornson
AccuWeather – year-end bonuses to all employees. (Approx. 450 – 500 employees)
“The bonuses are possible due to the company’s robust financial performance in 2017 and strong confidence in the growing U.S. and global economy now that the Tax Bill has passed.” – AccuWeather press release
Aflac – increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
“We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community.” — Aflac Chairman and CEO Dan Amos
American Airlines — $1,000 bonuses for every employee (excluding officers). The bonuses will total $130 million. AA had 127,600 employees as of Sept. 2017.
“Recent tax reform has received much publicity. While the company does not yet pay cash taxes due to our enormous losses in the past, there is no doubt that our country’s new tax structure will have positive long-term benefits for American. We will be able to invest even more in aircraft and facilities, and we will be able to do so with even greater confidence about the future. As we analyze those potential future benefits, our leadership team, backed by our Board of Directors, considered how a portion of that positive impact might be directly shared with the very people who produce the profits at American—all of you.
We are pleased to announce that in light of this new tax structure and in recognition of our outstanding team members, American will distribute $1,000 to each team member (excluding Officers) at our mainline and wholly owned regional carriers. These distributions will total approximately $130 million and will be made in the first quarter of 2018.” –
Lookie lookie! Wow! Great news
APPLE RETURNS: Tech Giant INVESTS $350 BILLION in USA, Creates 20,000 JOBS
Technology giant Apple Computers announced on Wednesday that it will re-invest over $350 billion in the United States following the recently passed GOP tax cuts; pledging to create 20,000 new jobs throughout the country and pay over $40 billion in repatriation taxes.
According to CNBC, Apple confirmed its new plan to commit $350 billion to the US economy over the next five years, saying it will create tens of thousands of new jobs and at least one new campus.
The computer and smart-phone manufacturer expects to pay nearly $40 billion in taxes when it repatriates the large sums of money held overseas, citing the recently passed tax legislation as a key motivator in re-patriating offshore accounts.
“Apple also said it would spend over $30 billion in capital expenditures over the next five years. About $10 billion in capital expenditures will be investments in U.S. data centers,” writes CNBC.
“Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce,” said the official statement. “Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products.”
“We have a deep sense of responsibility to give back to our country and the people who help make our success possible,” Apple CEO Tim Cook said in a statement.
MUCH better than investing in China !