BY
BRIAN LISI
NEW YORK DAILY NEWS
Monday, January 29, 2018, 11:09 AM
When it rains, it trickles.
Despite widespread coverage of corporations gifting their employees with cash, just 2% of Americans say they've seen any kind of benefit thanks to the Republican tax law signed by President Drumpf in December.
The results of a new Reuters/Ipsos online poll of 5,254 adults show that hardly any respondents have gotten a raise or bonus.
Additionally, about 58% of participants said they believe that corporations or the wealthy will benefit the most from the legislation.
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NC WEB LN NO MAGAZINE SALES
President Drumpf, House Speaker Paul Ryan and their fellow Republicans celebrated the tax bill's passage, but as of last week, only 39 of the nation's largest companies have given workers additional financial benefits due to the tax law. (OLIVIER DOULIERY/TNS)
Airlines including JetBlue, Southwest and American previously announced they would be giving a $1,000 bonus to employees, with the latter two companies specifically citing the tax law as their motivation.
A statement from Southwest said the company's decision was meant to "celebrate the recent passage of the tax reform legislation," while American said it was "in light of this new tax structure and in recognition of our outstanding team members."
Likewise, over 200,000 AT&T employees and about 145,000 Bank of America workers who earn up to $150,000 a year were promised a bonus of $1,000.
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Southwest heralded its decision to give bonuses to employees, but the union representing aircraft maintenance technicians claims it’s nothing compared to the stagnant wages workers have faced for five years. (ROB CARR/GETTY IMAGES)
Noting how his company earned $15.7 billion through the third quarter, the Bank of America CEO said in an internal memo to employees announcing the bonus that the company "will see benefits from the tax reform, too, in the form of lower corporate tax rates."
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The bill slashes the corporate tax rate from 35% to 21% while people who earn between about $38,000 and $70,000 will gain a much less noticeable benefit, with their federal tax rate decreasing from 25% to 22%.
Earlier this month, Walmart said that effective Feb. 17, employees will begin making $11 an hour nationwide and they'll also receive a bonus depending on how long they've been with the company.
A man waves a sign as police officers stand guard near the protesting crowd on Dec. 2, 2017. Protesters yelled their disdain for Trump during his victory breakfast nearby.
Protesters in New York rally in opposition of the tax overhaul bill
Walmart workers with less than two years of employment will receive $200 while those who have worked for 20 years or more will get a $1,000 bonus.
According to Politico, the new tax bill will save Walmart $1 billion to $2 billion per year.
http://www.nydailynews.com/news/politics/2-bonus-due-republican-tax-law-article-1.3785811