Tax Bill

[sturg33]

When you consider that not a single Democrat voted for tax cuts for Americans, and then this very thread there is no celebration of the good news from the left, it makes you wonder how the left will defend this in 2018

Oh wait I already know... Anybody who supported it is racist

 

[thethe]

When you consider that not a single Democrat voted for tax cuts for Americans, and then this very thread there is no celebration of the good news from the left, it makes you wonder how the left will defend this in 2018

Oh wait I already know... Anybody who supported it is racist

Just wait till Trump tweets out regularly for Americans to check how much more they are making in the weekly/bi-weekly paychecks. When people have more money for vacations/activities/gifts/etc.. they will realize. Its a joke that no Democrat voted for tax relief for their constituency.

 

[57Brave]

When should see this ?

 

[thethe]

When should see this ?

I don't know - Do you work? You may never see it.

But the majority of Americans will see it real soon. They will have less withdholdings on their paychecks starting either in late January or early February. Enjoy having to explain to your base that more money in their pocket is not a good thing.

 

[thethe]

[tw]950735010126016514[/tw]

But how do people benefit from lower corporate tax rates?

 

[sturg33]

My company of 70,000 employees just announced today (internally) that they are raising minimum wage for all US employees to $15/hr

And crazy enough, they didn't need the government to force them into it!

 

[thethe]

My company of 70,000 employees just announced today (internally) that they are raising minimum wage for all US employees to $15/hr

And crazy enough, they didn't need the government to force them into it!

Silence from the Maxists on this board.

I don't see how the Dems look at voters in the face and say they didn't vote for this. What a great reform for America.

 

[sturg33]

Silence from the Maxists on this board.

I don't see how the Dems look at voters in the face and say they didn't vote for this. What a great reform for America.

It is bizarre to me that none of our leftists friends have much to say on this thread.

You'd think we could all celebrate the news being reported

 

[thethe]

Just like the Trump thread the opposition voice has been all but silenced after being proved wrong. Just like Venezuela has failed America has succeeded. There is no debate. There is only one economic philosophy that actually improves peoples lives. Take that communist crap elsewhere.

 

[sturg33]

[tw]950735010126016514[/tw]

But how do people benefit from lower corporate tax rates?

In addition to this

Baltimore Gas & Electric – the utility is passing on $82 million worth of tax savings, resulting in lower gas and electric bills for customers:

Today BGE will file with the Maryland Public Service Commission (PSC) to pass approximately $82 million in annual tax savings to customers, resulting from federal tax cost reductions. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018. If approved by the PSC, the average BGE residential electric customer can expect to see an estimated $2.31 decrease on their monthly bill, and the average residential combined natural gas and electric customer can expect an estimated $4.27 monthly reduction, effective in February 2018.

“Reduced tax costs create an opportunity for BGE customers to benefit from further decreases in their total energy bills,” said Calvin G. Butler Jr, chief executive officer of BGE. – Jan. 5, 2018 Baltimore Gas & Electric press release

Pacific Power – the utility will pass along tax savings to customers:

The new Republican tax plan has brought a variety of tax cuts. Pacific Power says they are committed to passing the benefit of this tax cut on to customers.

“We strive to provide our customers reliable service while keeping rates low,” said Stefan Bird, President and CEO of Pacific Power. “The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.” – Jan. 3, 2018 My Columbia Basin article excerpt

Rocky Mountain Power – the utility will pass along tax savings to customers:

Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers. But, the company isn't sure how much or when. – Jan. 4 Local News 8 article excerpt

Commonwealth Edison Company (ComEd) – the utility is passing on $200 million worth of tax savings to its customers:

Today ComEd is filing a petition with the Illinois Commerce Commission (ICC) seeking approval to pass along approximately $200 million in tax savings to its customers in 2018. If approved by the ICC, the average ComEd residential customer can expect to see an estimated $2-$3 decrease on their monthly bill related to the tax reduction.

The Tax Cuts and Jobs Act (TCJA), which was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018, decreased the corporate tax rate from 35 percent to 21 percent, reducing the amount of federal income tax ComEd will have to pay. – Jan. 5 Commonwealth Edison Company press release

 

[thethe]

Some PR firm is making crazy money off of these corporate changes.

 

[sturg33]

How about some more

AAON -- $1,000 bonus checks to 2,000 employees

“We are very appreciative of all AAON employees and want to commemorate the passing of this historic, economy-stimulating tax reform law. While most employees are shareholders of the company and benefit as a result of the new tax law, we felt it appropriate to provide a more direct recognition of their importance to AAON’s future success.” -- CEO Norman H. Asbjornson

AccuWeather – year-end bonuses to all employees. (Approx. 450 – 500 employees)

“The bonuses are possible due to the company's robust financial performance in 2017 and strong confidence in the growing U.S. and global economy now that the Tax Bill has passed.” – AccuWeather press release

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.

"We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community." -- Aflac Chairman and CEO Dan Amos

Anfinson Farm Store (Cushing, Iowa) -- $1,000 bonuses and 5% pay raises for all full-time employees

Alaska Airlines -- $1,000 bonuses for 22,000 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.

“Recent tax reform has received much publicity. While the company does not yet pay cash taxes due to our enormous losses in the past, there is no doubt that our country’s new tax structure will have positive long-term benefits for American. We will be able to invest even more in aircraft and facilities, and we will be able to do so with even greater confidence about the future. As we analyze those potential future benefits, our leadership team, backed by our Board of Directors, considered how a portion of that positive impact might be directly shared with the very people who produce the profits at American—all of you.

We are pleased to announce that in light of this new tax structure and in recognition of our outstanding team members, American will distribute $1,000 to each team member (excluding Officers) at our mainline and wholly owned regional carriers. These distributions will total approximately $130 million and will be made in the first quarter of 2018.” – American Airlines press release

American Bank – $1,000 bonuses for 60 employees

“President and CEO Mark W. Jaindl stated, “Beginning in 2018, we expect to see benefits from the recent tax reform due to lower corporate tax rates. As we celebrate the holiday season and prepare to close out another year of growth at American Bank, the Board of Directors and senior management want to give back to our team members who are directly responsible for our success.”

Mr. Jaindl continued, “We expect the actions taken by Congress and the President will have a material positive impact on growth throughout the country. As a result, we anticipate our hiring efforts will increase in 2018.” – American Bank press release

American Savings Bank – $1,000 bonuses to 1,150 employees; base wage increase from $12.21 to $15.25

Americacollect – $300 - $500 bonuses for 250 employees

“Today, Congress passed the tax reform bill; our company will be taxed less because of it. Since we will now be taxed less, I wanted to take this opportunity and utilize this financial benefit to give back to each of you, our teammates, by directly impacting your paycheck in the form of a bonus!” -- Americollect President and CEO Kenlyn T. Gretz

Aquesta Financial Holdings -- $1,000 bonuses to 95 employees; base wage hike to $15 per hour

"We are very happy to share with our valuable team members some portion of the benefits Aquesta will realize by the enactment of Tax Reform. Decreased tax rates will allow Aquesta Bank to continue to grow by accelerating lending to small businesses and hiring additional team members to help with that growth. While almost all of our employees will also pay lower taxes in 2018 due to this new law, we felt that immediate recognition of their importance to Aquesta would send the right message: our people are what makes Aquesta different." – Aquesta President and CEO Jim Engel

Associated Bank – $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour

“[Associated Bank President and CEO Philip B.] Flynn said the new tax legislation, particularly the reduction in business tax rates, allowed the company to share some of the benefits with its employees. It also helps position the company to further enhance the customer experience and its community investments in the future.” – Associated Bank press release

Atlas Air Worldwide -- $1,000 bonuses to 3,100 employees

“In appreciation of your significant efforts, the Company will be providing a special one-time bonus payment to all full-time flight and ground staff employees below the officer level. We are pleased to offer this bonus to our flight crew employees as the Union is in agreement. This bonus will be funded by a tax refund that the Company expects as a result of the newly enacted U.S. tax law.

The $1,000 bonus will be provided in early January and is subject to applicable federal, state and local withholding taxes.” – Atlas Air Worldwide CEO William J. Flynn in a letter to employees

By the way... those are just the companies that start with the letter "A"

 

[thethe]

Trump should tweet out once a day about a different company enahncing their employee pay strcuture. Winning strategy.

 

[sturg33]

[TW]950766981850058754[/TW]

 

[sturg33]

And as will continue to be in this thread from our friends on the left

 

[thethe]

[tw]951216783930875905[/tw]

Not even sure it matters anymore to post these things. The marxists on this board will not admit they were wrong.

 

[thethe]

It's not whether or not the motivations behind decisions are cynical or not, it's that the cynic in me can't help but doubt that these employee/public good initiatives will last past the news cycle. It's undoubtedly good that Wells Fargo and Fifth Third are raising the living conditions for their associates and it doesn't ultimately matter why. What will change my opinion is if future growth leads to similar decisions by these types of companies. Until that happens, I will at least wonder if they're trying to influence public opinion by making a token improvement for employees instead of exhibiting a pattern of behavior.

Are you convinced yet?

 

[thethe]

 

[Krgrecw]

They posted In other threads

 

[thethe]

Just wait till it comes out with absolute certainty that the Russia scandal was a farse. There may not be any more posts in the Real Talk forum.