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Workers will receive the monetary bonus in the form of $750 in cash and a $500 contribution to their 401k.
Starbucks, Disney, Home Depot, JP Morgan Chase and others have announced wage raises, one-time benefits or other bonuses for employees.
UPS and Lowe’s on Thursday also announced changes. Lowe’s will expand benefits for employees and pay out bonuses of up to $1,000. UPS will boost pension funding as part of $12 billion in investments.
Trumps corporate tax cuts will also have other effects.
And the craze of worker bonuses was started by corporations like AT&T, Comcast and American airlines that Trump did huge political favors for, and these corporations gave worker bonuses to give Trump payback and positive publicity for those favors. And most of the bonus giving corporations are doing it for positive publicity (and only giving out one time bonuses.) http://www.itprotoday.com/internet-t...bama-web-rules https://www.dallasnews.com/business/...raffic-control
And Obama tried to give the middle class tax cuts but republicans in congress blocked it (because Obama's tax plan did not include tax cuts for the richest 1% of Americans.) https://www.cbsnews.com/news/gop-sen...-middle-class/
And Obama also tried to raise the min wage, give small businesses tax cuts, give small businesses lending aid, lower credit card interest rates, lower student loan interest rates, give workers longer unemployment benefits, stop millions of Americans from loosing their homes from bank foreclosures, and end tax breaks for outsourcing potentially bringing millions of high paying jobs back to America (but republicans in congress stopped all those laws from passing.)
Democrats give extra money directly to workers, republicans give extra money to CEO's and large corporations (and republican voters believe the CEO's and large corporations will share the money with their workers.)
Trumps corporate tax cuts will also have other effects.
Anyone can google up a bunch of links on the Internet that nobody will read. It simply means you are unable to address the topic at hand.
But it doesn't change the fact that these bonuses, wage increases and gains in 401Ks, all from Trump's policies are greatly appreciated by the American people.
And the more the Anti-American Democrats tell them that it's just "crumbs", the more the Anti-American Democrat party demonstrates it's contempt for the American worker.
LOL. isn't this the same company that managed to get rid of all of its pension obligations a few years back?
Some, not all pension obligations.
Twinkie is owned by Hostess Brands and once employed 8,000 people in a variety of subs, most of them, union. It filed for bankruptcy in 2012. The company cited declining sales as consumers moved to healthier snacks.
Eventually, Apollo Global Management acquired the assets for $186 million, in cash and closed the doors. Hostess had a multi-employer pension plan. The PBGC eventually took over some of the pensions and some employees received reduced pension benefits.
Apollo borrowed in excess of a $billion to pay themselves and investors. They also invested heavily in automation.
Hostess Brands now employs about 1000 people and the average wage is about half of what it was before the company folded. The new business provides a 401K instead of a pension.
My husband eats Twinkies. He claims they are now smaller and cost more.
How come none of these workers ever got a dime when Obama was President?
we're not counting the stimulus?
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