Hundreds of great American companies are now showering their employees with bonuses, higher wages, additional 401k contributions, and new investments in employee training. All this after President Trump’s new tax bill was signed into law.
Remember how those liberal moonbats, Sen. Elizabeth Warren (D-MA), Sen. Chuck Schumer (D-NY) and Rep Nancy Pelosi (D-CA) were pounding the drum about how this tax bill was nothing more than a huge tax break strictly for billionaires? Nancy Pelosi even called the tax bill “the apocalypse” and said people would die because of this bill. It all sounds so silly now. Indeed, this tax bill was a windfall for working Americans at every level.
There are additional benefits to the tax bill, beyond helping employees. For example, many utility companies, like the Potomac Electric Power Company, which supplies electric power to almost a million customers in Maryland, has announced plans to cut electric rates to customers.
Before the tax bill was passed, the United States had the highest corporate tax rate in the world. Reducing the rate not only helped American competitiveness, employee salaries and job retention, but it has caused the stock market to soar to record levels. This helps workers’ 401k and 403b retirement accounts, and ensures the solvency of American pensions.
All these great benefits came because of the Tax Cuts and Jobs Act – without support from a single Democrat in the House or Senate. Democrats should be ashamed of themselves, but instead, they now continue to focus on President Trump’s tweets and “offensive words”.
Listed below is a very impressive list of American companies that are sharing their tax cut with employees and customers. This list is enormous, and it grows every day, so by no means is it complete. Most of this list came from the website Americans For Tax Reform.
Oh, and for what it’s worth, every writer at Red Nation Now (the site you are reading) also got bonuses after the tax bill was passed!
Congratulations to all those working Americans who got a big bonus this year. And thank you, President Trump!
AAON (heating and cooling) — $1,000 bonus checks to 2,000 employees.
AccuWeather – year-end bonuses to all employees. (Approx. 450 – 500 employees).
Advance Financial – increase in 401(k) match; increase in profit sharing; increase in charitable donations.
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.
Alaska Airlines — $1,000 bonuses for 22,000 employees.
Amarillo National Bank – $1,000 salary increases for over 300 employees.
Americollect – $300 – $500 bonuses for 250 employees.
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.
American Bank – $1,000 bonuses for 60 employees.
American Community Bank & Trust — $500 bonus to each employee; additional employees will be hired.
American Savings Bank – $1,000 bonuses to 1,150 employees; base wage increase from $12.21 to $15.25.
Anfinson Farm Store (Cushing, Iowa) — $1,000 bonuses and 5% pay raises for employees
Aquesta Financial Holdings — $1,000 bonuses to 95 employees; base wage hike to $15 per hour
AR-15 Gun Owners of America (Warner Robins, Georgia) – tax reform bonuses; increased salaries for all employees.
Associated Bank – $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour
AT&T — $1,000 bonuses to 200,000 employees; $1 billion increase in capital expenditures.
Atlas Air Worldwide — $1,000 bonuses to 3,100 employees
Ball Ventures – $100 bonuses for every year of employment
Baltimore Gas & Electric – the utility is passing on $82 million worth of tax savings, resulting in lower gas and electric bills for customers
BancorpSouth Bank – pay raises for over 70 percent of employees; $1,000 bonuses for nearly 20 percent of employees
Bank of Advance — $1,000 bonuses to all staff
Bank of America — $1,000 bonuses to 145,000 U.S. employees
Bank of Colorado — $1,000 bonuses to all full time employees
Bank of Hawaii – $1,000 bonuses to 2,074 employees; base wage increase from $12 to $15
Bank of the James – raised base wage to $15 per hour for employees with more than one year of service
Bank of the Ozarks – Bonuses of up to $1,200 for 2,300 employees
BB&T – $1,200 bonuses for 27,000 employees; base wage will rise from $12 to $15 per hour; $100 million in charitable donations
Boeing — $100 million in charitable donations; $100 million for workforce development; $100 million for infrastructure and facilities
Camden National Bank – permanent salary increases forthcoming; also $1,000 bonuses to all non-executive full-time employees; $750 bonus to part-time employees; total bonuses: $620,000
Canary LLC – due to tax reform, the company will hire more employees and increase capital spending.
Capital One – Capitol One is raising the base wage to $15 per hour for U.S. employees. The news was announced to associates on Tuesday January 9, 2018.
Carl Black Automotive Group – bonuses to over 500 employees
Central Bank of St. Louis – Bonuses to 2,500 employees: $1,000 bonuses for full time employees; $500 bonuses for part time employees
Central Pacific Bank – all 850 employees will receive $1,000 bonuses; base wage will rise from $12 to $15.25
Charlie Bravo Aviation — $1,000 bonuses to all six employees
Charlotte Pipe and Foundry Company — $1,000 bonuses for all 1,400 employees
Citizens Financial Group — $1,000 bonuses for 12,500 employees and $10 million for charitable donations
Coach, Truck & Tractor, LLC (Conneaut, Ohio) – higher Christmas bonuses thanks to tax reform for this family business with seven employees. Bonus amounts determined by length of service.
Cogent Building Group (Point Clear, Alabama) – $2,000 bonuses for all four employees.
Colling Pest Solutions – employee bonuses
Comcast — $1,000 bonuses to 100,000 employees; at least $50 billion investment in infrastructure in next five years
Comerica Bank — $1,000 to 4,500 non-officer employees; base wage increase to $15 per hour
Commerce Bank – 3,450 employees will receive bonuses — $1,000 for full time employees and $250 for part time employees; $25 million in charitable donations
Community Trust Bancorp — $1,000 bonuses for full time employees and $500 bonuses for part-time employees
Copperleaf Assisted Living – $200 – $600 bonuses for 175 employees
Cornerstone Holdings – employee bonuses
Dayton T. Brown Inc. (engineering/testing company) — $400 bonuses for each of the 210 employees
Delaware Supermarkets Inc. — $150 extra bonuses to 1,000 non-management personnel.
DePatco, Inc. – employee bonuses
Dime Community Bancshares, Inc. — $1,000 bonuses for non-executive employees
DTN (Burnsville, Minnesota) – DTN, an independent provider of information and actionable insights in the areas of agriculture, transportation and energy, and publisher of The Progressive Farmer, gave $1,000 bonuses to nearly 700 employees.
Eagle Ridge Ranch – employee bonuses
Eagle Telephone System, Inc. & Eagle Valley Communications (Hells Canyon Snake River Corridor, Oregon) — $1,000 bonuses; together the companies have 19 employees:
EastIdahoNews.com – employee bonuses
Eberle Communications Group, Inc. – increased 401(k) match from 25% to 50% for all 45 employees
Elite Roofing Systems (Idaho) – employee bonuses
Elite Clinical Trials, Inc. – employee bonuses
Emkay, Inc. — $1,000 bonuses for 150 employees
Ennis, Inc. — $500 bonuses to 2,200 non-management employees
Express Employment Professionals — $2,000 bonuses to more than 200 non-executive employees
Fiat Chrysler — $2,000 bonuses for 60,000 employees; $1 billion investment in U.S. plant in Warren, Michigan; 2,500 new jobs
Fifth Third Bancorp – $1,000 bonuses for 13,500 employees; base wage will rise to $15
FireBird Bronze (Damascus, Oregon) – thanks to tax reform this full-service foundry with nine employees is able to offer health insurance for the first time. They are also upgrading equipment and hiring, and building a new facility in Troutdale, Oregon with plans to be up and running by the Spring.
FirstCapital Bank of Texas – $500 bonuses to 197 employees
First Farmers Bank & Trust – minimum bonus of $750 to each full time employee; base wage will rise by $2.50 per hour
First Financial Bancorp — base wage raised to $15 per hour; $3 million charitable contribution
First Financial Northwest, Inc. – $1,000 bonuses to all 138 non-executive employees
First Hawaiian Bank – $1,500 bonuses to 2,264 employees; base wage increase to $15
First Horizon National Corp. – $1,000 bonuses to 4,000 employees
Five Senses Spa, Salon and Barbershop (Peoria, Illinois) — $500 bonuses for 20 employees; the company is also looking into additional employee benefits in 2018.
Flemington Car & Truck Family of Brands — $500 employee bonuses
Fort Ranch – employee bonuses
Gardner Company – employee bonuses
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.
GetFoundFirst.com – employee bonuses
Great Southern Bancorp, Inc. — 1,200 employees to receive a bonus: full time employees receive $1,000 and part time employees receive $500
Great Western Bancorp, Inc. – base wage raised to $15; $500 or wage increase for 70% of workforce; doubling of grants to community investment program
HarborOne Bank – $500 bonuses to 600 bank employees; base wage raised to $15 per hour
Harford Alarm Company (Bel Air, Maryland) – $1,000 bonuses for all 13 employees.
Hartford Financial Services Group Inc. — $1,000 bonuses for employees making less than $75,000 per year. This amounts to 9,500 employees.
Hawaii National Bank — $1,000 bonuses
Heartland Bank – $1,000 bonuses for full time non-executive employees; $500 bonus to part time employees
IAT Insurance Group — $3,000 bonuses for 685 non-executive employees
INB Bank — $500 bonuses to 200 employees. The bonuses will exclude the Senior Management Team. The base wage will be raised to $15 per hour
Information First, Inc. (Info-First.com; Manassas, Virginia) — $500 cash bonus for all 15 employees.
InUnison Inc. – employee bonuses
JetBlue – $1,000 bonus for all 21,000 employees
Jordan Winery — $1,000 bonuses for each of its 85 employees
Kansas City Southern — $1,000 bonuses. (Exact number receiving bonus unknown at this time; the company employs 6,485)
Kauai Cattle LLC – employee bonuses
Lawrence Paper Company — $500 bonuses for all 300 employees; $5 million in new equipment and expansion at all three locations
Melaleuca – all 2,000 employees will receive a $100 bonus for each year they have worked at the company
Mid-AM Metal Forming – bonuses for 140 employees
Move It Or Lose It Moving LLC – employee bonuses
MusicNotes – Salary increases for employees
National Bank Holdings Corporation – $1,000 bonuses for employees making less than $50,000 (exact number receiving bonus unknown at this time)
Nationwide Insurance — $1,000 bonuses to 29,000 employees; increased 401(k) matching contributions for 33,000 employees
Natural Guardian – employee bonuses
Navient – 98% of Navient’s 6,700 employees will receive a $1,000 bonus (approx. 6,566 bonus-eligible employees)
Nelnet — $1,000 bonuses for 4,100 employees
Nephron Pharmaceuticals Corporation – 5% pay raises for employees
Northpoint Apartments – employee bonuses
OceanFirst Financial Corp. – base wage increase to $15 per hour
Ohnward Bancshares — $1,000 bonuses for all 260 employees
Old Dominion Freight Line Inc. – $500 bonuses for all 22,000 employees
Pacific Power – the utility will pass along tax savings to customers
Peoples Bank (Bellingham, Washington) – Base wage raised to $15 per hour; 401(k) match increased one point to 8%
Pinnacle Bank — $1,000 bonuses for 1,007 employees
Pioneer Credit Recovery – $1,000 bonuses for 800 employees
PNC Financial Services Group, Inc. — $1,000 bonuses to 47,500 employees; an additional $1,500 in employee pension accounts; base wage hike to $15; $200 million charitable contribution
Regions Financial Corporation – base wage increase to $15 per hour; $40 million in charitable donations; $100 million in capital expenditures
Resident Construction LLC – employee bonuses
Riverbend Communications — employee bonuses
Riverbend Management, Inc. – employee bonuses
Riverbend Ranch – employee bonuses
Riverbend Services – employee bonuses
Rocky Mountain Power – utility company will pass along tax savings to customers
Royal Hawaiian Heritage Jewelry – the company will open additional retail locations
Rush Enterprises – $1,000 bonuses for all 6,600 employees
Russell Lands — $500 bonuses for about 400 full-time non-management staff:
Sheffer Corporation — $1,000 bonuses for all 126 employees
Sinclair Broadcast Group — $1,000 bonuses for 9,000 employees
Smith Chevrolet – employee bonuses
Smith Honda – employee bonuses
Smith RV – employee bonuses
South Point Hotel, Casino & Spa – doubling of bonuses for 2,300 employees
Southwest Airlines — $1,000 bonuses for all 55,000 employees; $5 million additional charitable donations
Steel Design LLC – employee bonuses
Stifel Financial Corporation – $1,500 bonuses for 7,000 employees
Summit State Bank — $2,000 bonuses for non-executive employees
SunTrust Banks, Inc. – base wage raise to $15 per hour; $50 million in additional community grants; merit pay raise; additional 401(k) contributions; etc.
Sutter Masonry, Inc. (El Mirage, AZ) – The company employs approximately 100 people. Hourly wages were increased by $1.00 and over $50,000 in bonuses were distributed.
TCF Financial Corporation — $1,000 bonuses for full time employees; $500 bonuses for part time employees (exact number receiving bonus unknown at this time);
“As a result of the Tax Cuts and Jobs Act, TCF will provide approximately $5 million in one-
The Flood Insurance Agency — $1,000 bonuses for 17 full time employees
The Travelers Companies, Inc. — $1,000 bonuses for 14,000 employees; base wage raised to $15 per hour
Territorial Savings Bank — $1,000 bonuses to 247 employees; base wage hike from $11.25 to $15.00 per hour
Texas Capital Bank – $1,000 bonuses for 900 employees
Tokio Marine HCC – $1,500 employee bonuses for 2,000 employees
Total System Services — $1,000 bonuses for 11,500 employees
Turning Point Brands, Inc. — $1,000 bonuses for 107 employees
Unity Bank – all 200 non-executive employees will receive a $750 bonus
U.S. Bancorp – $1,000 bonuses for 60,000 employees; base wage hike to $15 per hour; $150 million charitable contribution
Visa – significantly increased permanent contributions to employee 401(k) accounts
Wal-Mart – Base wage increase for all hourly employees to $11; bonuses of up to $1,000; expanded maternity and parental leave; $5,000 for adoption expenses
Washington Federal – according to a company statement, “all Washington Federal employees in good standing and earning less than $100,000 per year will receive a 5% increase on top of their normal merit increase.”
Waste Management, Inc. – $2,000 bonuses to approximately 34,000 employees
Webster Financial — $1,000 bonuses
Wells Fargo – raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over next three years
Western & Southern Financial Group — $2,000 bonuses for full time employees; $1,000 for part time employees
Western Alliance Bancorporation – base pay raise of 7.5 percent for the lowest-paid 50% of employees; increased bonuses; increased 401(k) match; etc.
Willow Creek Woodworks – employee bonuses
Windsor Federal Savings – $250 bonus for all employees with the exception of upper management, plus an increase in the minimum wage to $15 per hour.
Yancey Bros. — $500 bonuses for 1,200 employees.
Zions Bancorporation – pay raises for more than 40% of employees; $1,000 bonuses for nearly 80% of employees.