Here’s a Running List of How Tax Reform Is Benefiting Workers and Capital Expenditures

Dear Viewpoint readers –

I am going to run a continued log here of company announcements regarding investments they make into wages, employees, new hires, capital expenditures, business investment, and so forth and so on, in light of the historic corporate tax reform passed in the final weeks of 2017. There is a media narrative that says, “these greedy companies will do something unhelpful like buy back stock, and no one else will benefit.” That narrative is wrong on the facts and wrong on the theory. Stock buybacks and dividends, if deemed to be the most efficient uses of the capital, are highly stimulative and productive in a free market economy. But to the extent that companies will actually be wildly incentivized in this bill to invest in their people, product, and process, we want to document such for interest readers who deserve a counter-narrative to the tired class envy of the leftist media. Is that subtle enough?

AT&T

AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill

Fifth Third Bancorp AND Wells Fargo

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage

Comcast

Comcast (CMCSA) Announces $1,000 Bonuses for Most Employees Following Tax Reform

Boeing

Boeing CEO: Tax reform will ‘unleash economic energy’

Federal Express

FedEx CFO: We’ll hire more workers, if tax reform lifts GDP

6. Bank of America

Bank of America is Giving Some Employees a $1000 Bonus, Citing Tax Bill

7. PNC Bank

PNC Bank Announces Employee Cash bonuses After Tax Reform Bill

8. Sinclair Broadcast

Sinclair Broadcast says it will pay special $1,000 tax reform bonus to almost 9,000 employees

9. Associated Bank

Associated Bank increases minimum wage from $10 to $15, offers bonus after tax bill approval

10. Stifel Nicholas

Stifel Gives Staffers Special Tax-Gift Bonus

11. American Airlines

American Airlines Announces Employee Bonuses After Tax Reform Passage

12. Southwest Airlines

Southwest to pay bonuses after tax bill

13. Aflac

Aflac doubles down on employee benefits

14. BB&T Bank & Trust Co.

BB&T invests $152 million of tax reform benefits into associates and communities

15. Express Employment Professionals

Express Employment Professionals giving $2,000 bonuses, citing tax reform

16. Pioneer Credit Recovery

In the wake of tax reform bill, Pioneer Credit Recovery workers will receive $1K bonuses

17. Navient

Navient hand out bonuses, credit tax overhaul

18. Fidelity Bank

Fidelity Bank Announces Investment in Bankers and Communities

19. Jet Blue Airlines

All JetBlue Crewmembers to Receive $1,000 Following Tax Reform

20. U.S. Bancorp

U.S. Bank becomes latest bank to increase wages, hand out bonuses after tax reform

21. Zion’s Bancorp

Slew of regional banks latest to hike pay after tax reform

22. AccuWeather

AccuWeather Announces Special Year-End Bonus and Other Investments

23. Gate City Bank

In response to tax bill, Gate City Bank announces reinvestment plan

24. THIRTY companies in eastern Idaho

More than 30 Companies in Idaho Offering Employee Bonuses Due to Tax Reform Bill

25. Rush Enterprises

Rush Enterprises Inc. to provide $1,000 discretionary bonus to employees as a result of tax reform

26.Wal-Mart

Walmart to raise its starting wage to $11, give employees bonuses following tax bill passage

27. Fiat-Chrysler

Fiat Chrysler to Invest $1 Billion in Michigan Plant and Add 2,500 Workers

28. AAON

AAON Announces Tax Reform Bonus for Employees

29. AR-15 Gun Owners of America

American rifle group hands out bonuses, boosts workers’ pay after Trump’s tax bill

30. Advance Financial

Advance Financial offers initiative related to tax reform

31. Aflac

Aflac Incorporated Responds to Tax Reform with Plan for Additional Investments in the U.S. of $250 million Targeting Workforce, Strategic Allocations for Business Growth, and Renewed and Strengthened Commitment to Childhood Cancer

32. Amarillo National Bank

Amarillo firms vow to pass new tax savings on to employees

33. Ball Ventures

Ball Ventures announces bonuses for employees due to tax bill

34. Central Pacific Bank

Central Pacific Bank to give $1,000 bonuses, increase minimum wage

35. Comerica

Comerica Announces Increase In Its Minimum Wage To $15 Per Hour And $1,000 Bonus To 4,500 Non-Officer Colleagues

36. Hawaii National Bank

Sixth Hawaii bank follows bonus and minimum wage trend

37. Nationwide

Nationwide gives big bonuses, credits tax reform

38. Nephron Pharmaceuticals

Republican tax cut leads Nephron Pharmaceuticals in S.C. to give raises to its employees

39. Pacific Power

Pacific Power says they will lower rates with tax cuts

40. PNC Financial

Here’s how PNC celebrates tax reform — cash, pension contributions for employees

41. Travelers

Travelers Cites US Tax Overhaul In Pledging $1,000 Worker Bonus

42. Visa

Tax reform prompts Visa to raise 401(k) match for employees

43. JP Morgan

JPMorgan to raise pay, hire staff in $20 billion investment push

44. Altria

Altria Group giving $3,000 bonuses with tax windfall

Additional List of Companies