US retail giant Walmart announced Thursday its plan to raise wages for its employees across the country and pay out big bonuses in response to the recently passed GOP tax cuts; throwing more cold-water on prominent Democrats predictions of “the end of the world” after the President signed the sweeping overhaul.
Walmart –the largest single employer in multiple states throughout the nation- released an official statement this week, saying the megastore will raise its hourly wage for all associates to $11, expand maternity leave, and give out $1,000 in bonuses to eligible employees.
“Today, we are building on investments we’ve been making in associates, in their wages and skills development,” said Doug McMillon, Walmart president and CEO. “It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”
“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders,” he added.
The announcement is a far cry from House Minority Leader Nancy Pelosi’s predictions of “Armageddon” and the “end of the world.”
Other major American corporations, such as Southwest Airlines, AT&T, Boeing, and others have also announced major investments in US-based workers following the tax cuts.
ARMAGEDDON? Visa RAISING EMPLOYEE BENEFITS Following GOP Tax Cuts
House Minority Leader Nancy Pelosi’s dire predictions of “Armageddon” and the “end of the world” regarding the GOP tax cuts continued to evaporate on Monday, with credit card giant Visa announcing it would be expanding benefits to its US-based workers following the business-friendly legislation.
According to CNBC, Visa announced the company would be “raising its 401(k) matching for employees in response to tax reform.”
“JUST IN: Visa is raising its 401(k) matching for employees in response to tax reform; company also will examine other long-term investments.”
JUST IN: Visa is raising its 401(k) matching for employees in response to tax reform; company also will examine other long-term investments. pic.twitter.com/aoo5jT8ns1
— CNBC Now (@CNBCnow) January 8, 2018
The move makes the company the latest American corporation to drastically increase benefits and bonuses to workers following the GOP tax cut. American Airlines, AT&T, Boeing, Southwest Airlines, and others all announced renewed investments after President Trump signed the bill.
Hours before the law’s passage, former Speaker of the House Nancy Pelosi slammed the legislation; saying the new tax cuts would spark “Armageddon,” adding that it would bring about “the end of the world” for hard-working American families.
LIBERAL FAIL: ‘Armageddon’ Avoided as Airlines PAY BIG BONUSES After GOP Tax Cuts
Liberal predictions of “Armageddon” and the “end of the world” following the passage of the GOP’s tax cut legislation may have been premature, with several giant corporations announcing bumped-up bonuses for workers after the bill was signed into law by President Trump.
House Minority Leader Nancy Pelosi’s predictions of chaos and “death” were nowhere to be seen this holiday season, as large businesses such as AT&T, Wells Fargo, Boeing, and others vowed to kick-back their tax-cut windfall to American workers.
On Tuesday, aviation giants Southwest Airlines and American Airlines announced their plans to dish-out $1,000 bonuses to all full-time and part-time employees based in the United States, as well as their plans to donate upwards of $5 million to charity.
JUST IN: Southwest Airlines to give all full-time and part-time employees a $1,000 cash bonus on Monday & company will also make $5M in charitable donations and invest in its Boeing fleet due to tax reform passage. https://t.co/YKho1O67Ek
— CNBC (@CNBC) January 2, 2018
“We will be able to invest even more in aircraft and facilities, and we will be able to do so with even greater confidence about the future,” said American Airlines CEO Douglas Parker.
Users on social media were quick to point out the liberal fail this week, sarcastically saying, “But I was told tax reform would make thousands die!”
But I was told tax reform would make thousands die! https://t.co/QATtnXur5h
— Dana Loesch (@DLoesch) January 2, 2018