Earlier we told you that AT&T was giving big bonuses to their employees and making big investments in the US because of the GOP tax reform bill.

Well they are not the only ones. Three more companies have made announcements today because of the tax cut, two of which are raising their own minimum wage to $15/hour.

Fifth Third Bancorp:

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. https://t.co/iv4i2MTAkO — CNBC Now (@CNBCnow) December 20, 2017

Wells Fargo:

JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill. https://t.co/GmM8bT0zjh — CNBC (@CNBC) December 20, 2017







As an aside on Wells Fargo, this is the opposite of what Think Progress said would happen:

And now Boeing has come out and said it is not only investing in its employees, but also in charities:

#Boeing announces $300M employee-related and charitable investment as a result of #TaxReform legislation to support our heroes, our homes and our future. pic.twitter.com/ZNawbAW7AY — The Boeing Company (@Boeing) December 20, 2017

Wow! Great news for their employees and subsequently for the economy. Also, what a great way to prove the point of Republicans that tax reform works.

As another aside, isn’t it ironic that companies choose to raise their minimum wage to $15 when good tax reform is passed, as opposed to Democrats trying to force them to do it while paying higher taxes? It’s not ironic at all. It’s common sense!

UPDATE: Comcast too!