40 companies give Trump tax reform bonuses, up to $2,000

posted by Jay Weber - 

via The Washington Examiner by Paul Bedard

Only two media companies made the list, Sinclair and MSNBC/Comcast.

Some highlights:

  • 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.
  • BB&T – $1,200 bonuses for 27,000 employees; base wage will rise from $12 to $15 per hour; $100 million in charitable donations.
  • Comcast — $1,000 bonuses to 100,000 employees; at least $50 billion investment in infrastructure in next five years.
  • Express Employment Professionals — $2,000 bonuses to more than 200 non-executive employees.
  • Gate City Bank — $1,000 hand-delivered bonus checks to 538 non-management personnel; $500,000 higher charitable giving; $500,000 worth of free home appraisals.
  • Navient – 98% of Navient’s 6,700 employees will receive a $1,000 bonus (approx. 6,566 bonus-eligible employees).
  • Regions Financial Corporation – base wage increase to $15 per hour; $40 million in charitable donations; $100 million in capital expenditures.
  • Southwest Airlines — $1,000 bonuses for all 55,000 employees; $5 million additional charitable donations.
  • U.S. Bancorp – $1,000 bonuses for 60,000 employees; base wage hike to $15 per hour; $150 million charitable contribution.

The complete story here > Boom: 40 companies give Trump tax reform bonuses, up to $2,000

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