More companies announce benefits thanks to tax reform
Companies and individuals are experiencing the benefits of tax reform and it’s only going to get even better! Chipotle, the American Tex-Mex chain, announced that it will give up to one thousand dollars in bonuses and other benefits thanks to tax reform. This is another example how tax reform is creating jobs and improving the American economy.
Chipotle will offer its 71,000 employees up to $1,000 in bonuses; hourly staffers can earn $250 bonuses, while managers can earn $1,000 bonuses. Hourly staffers will be eligible for additional parental leave, while hourly restaurant managers will be eligible for life insurance and short-term disability insurance coverage.
The economy continues to expand under President Donald Trump. Lowe’s announced last week that it will offer its workers up to $1,000 in bonuses along with other benefits. FedEx announced in January that it commit to more than $3.2 billion in wage increases, bonuses, and American capital investment due to the Tax Cuts and Jobs Act.
UPS, Cigna, and Hostess Brands also announced significant investments due to tax reform.
A new poll form UBS Wealth Management Americas revealed that business executives overwhelmingly approve of President Donald Trump’s tax cuts and infrastructure plan.
President Donald Trump tweeted on Monday, “Thanks to the historic TAX CUTS that I signed into law, your paychecks are going way UP, your taxes are going way DOWN, and America is once again OPEN FOR BUSINESS!”
American companies have been desperate for their break and now they finally got it. Tax reform is working and we’re excited to see how else it will benefit companies and individuals!