164 Companies Credit Tax Reform For Bonuses And Pay Raises

164 Companies Credit Tax Reform For Bonuses And Pay Raises

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Nick Givas

One hundred sixty-four companies have gone on record stating they gave bonuses and pay raises to employees because of the new tax reform law, according to Americans for Tax Reform.

The list has been continually updated and jumped from 40 companies to 164 in 10 days, The Washington Examiner reports.

The businesses include: American Airlines, AT&T, several prominent savings and loan banks, Boeing, Comcast, Pacific Power, and Visa.

The list shows what each company paid in bonuses and includes attached statements or press releases, saying tax reform was the catalyst for each company’s decision.

AT&T showed direct support for President Donald Trump in their statement and said they expect the changes to produce more jobs and “economic growth.”

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. 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. – Chairman and CEO Randall Stephenson

Americans for Tax Reform tweeted out the list and said companies also provided increased 401K contributions along with the bonuses as a result of the new tax law.

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