The Trickle-Down Mythmaking Begins
Several companies gave out raises after tax cuts passed Congress. But that was probably already going to happen anyway.
It’s Christmastime for workers, and companies want everybody to know.
After Congressional Republicans passed their $1.5 trillion package of tax cuts on Wednesday, a number of companies responded by announcing raises or bonuses for their workers. Comcast said it would give $1,000 bonuses to more than 100,000 workers. Fifth Third Bancorp said it would give out bonuses and boost its minimum wage, with the cut giving the bank, in its words, “the opportunity to reevaluate its compensation structure and share some of those benefits with its talented and dedicated workforce.” AT&T, Boeing, Washington Federal, and Wells Fargo did much the same.
The announcements
