Over 1 million American workers with over 100 companies are set to receive a bonus, pay hike or retirement increase as a direct result of President Trump’s tax reform package.
The latest list from Americans for Tax Reform, which has been collecting the names of firms paying the Trump bonus, finds that some are paying as much as $3,000.
The amazing news was announced in a statement from the White House Press Office on Friday evening.
“More than one million hardworking Americans have already received a ‘Trump Bonus’ or ‘Trump Pay Raise’ as a result of the historic tax reform package that President Donald J. Trump signed into law just before Christmas,” the statement began.
“President Trump said from the beginning that lowering tax rates, simplifying the complicated tax code, and making our companies more competitive would be the fuel that propels our economy to new heights,” the statement continued. “The preliminary results show that the President is right, and American workers and families are the big winners. And this is only the beginning. The President remains focused on empowering Americans to build more prosperous lives for themselves and brighter futures for their children.”
The number of companies who provided bonuses had jumped to over 100 by Thursday.
“Small businesses from across the country are sending me news of their tax-cut bonuses, wage hikes, and charitable donations. Many of these were only announced internally. There is a broad and deep tsunami building,” John Kartch of Americans for Tax Reform told the Washington Examiner. His organization is currently tracking the companies who have surprised their workers with the extra funds.
President Trump signed the tax cut into law December 22. It reduces the corporate tax rate in the United States from 35 percent to 21 percent. Among the employers to give bonuses were AT&T, which gave $1,000 bonuses to its 200,000 employees; American Airlines, which gave $1,000 bonuses to 127,600 employees; BB&T Bank, which gave $1,200 bonuses to its 27,000 employees and raised the base wage from $12 to $15 per hour; Southwest Airlines, which gave $1,000 bonuses for 55,000 employees and $5 million in charitable donations; and Sinclair Broadcasting, which gave $1,000 bonuses for 9,000 employees.
For the full list of companies, click here.