Four companies announce they will be investing in their employees thanks to the GOP tax cuts

  The Democratic party leaders are up in arms over the passage of the GOP tax cuts and many of them are claiming that companies are not going to invest in their employees but rather pay dividends to stock holders and horde the money for themselves. I have no doubt that many companies will do this however we are beginning to see some companies say they will be giving out bonuses and raising the pay of their employees because of the tax cuts.

  AT&T announced they would be giving all employees a $1,000 bonus and will be investing $1 billion in the United States:

The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” CEO Randall Stephenson said in a statement. “This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees.”

  Bancorp announced a new $15 an hour minimum wage for all employees as well as a $1,000 bonus while Wells Fargo announced they will also raise their minimum wage to $15 an hour and will give $400 million in charitable donations next year:

  This should be good news for the Democrats because they support a national $15 an hour minimum wage but of course they are silent because they want the government to mandate it instead of leaving it up to companies to determine what they can pay, this takes control away from the Federal government and they do not like it.

  Comcast has announced they will give employees a $1,000 bonus and will invest $50 billion in their infrastructure:

  Sure this is only four companies at this point but hopefully more will be following soon, this could just be the beginning.

  At this point I feel compelled to mention the comments made by Nancy Pelosi, who called this tax cut monumental, brazen theft. She assumes that government money is government money while forgetting that government money is actually the taxpayers’ money taken from the people. Giving some of the money back to the people is not theft of government money, it is simply returning to the people more of the money they rightly earned.

  Taxation is theft but somehow the Democrats have convinced their voters that lower taxes is a bad thing.

malo periculosam libertatem quam quietum servitium