Economy

FINANCIAL FRIDAYS: What’s Bugging You This Tax Season?

posted by Hannity Staff - 4.06.18

Just months after President Trump signed his sweeping overhaul of the nation’s outdated tax code into law, many Americans are left wondering how the new tax cuts will directly impact their bank accounts.

The reduced rates not only spurred major financial investments from the nation’s leading corporations -such as AT&T, Starbucks, Disney, Walmart, and others- but also drastically changed the way millions of Americans filed their income taxes.

How has the new law impacted you and your family? What questions do you have for Sean and Bil Lako?

Send us your questions now on FACEBOOK and TWITTER and we’ll answer LIVE ON-AIR during our ‘Financial Fridays’ segment, exclusively on the Sean Hannity Show.

ARMAGEDDON CONTINUES: Pfizer to REINVEST BILLIONS in US Following GOP Tax Cuts

posted by Hannity Staff - 1.30.18

The liberal predictions of “doom and gloom” and “death and destruction” in the aftermath of the GOP tax cuts continued to evaporate on Tuesday, with pharmaceutical giant Pfizer announcing its plan to reinvest billions of dollars in the US economy following the sweeping tax legislation.

Pfizer now plans to repatriate tens of billions of dollars in profits back to the United States after the GOP plan slashed taxes on overseas holdings; finally allowing the New York-based corporation to bring those funds back to America.

“The drugmaker said Tuesday that it would pay $15 billion in so-called repatriation taxes over the next eight years to shift foreign earnings back to its home market. The exact amount the company plans to bring back was not immediately clear,” writes USA Today.

“The aspects of most importance to us were addressed in the new tax code, strengthening our ability to make capital allocation decisions that maximize patient benefit and enhance shareholder value,” said Pfizer’s Chief Financial Officer.

The announcement comes as other giant American-based companies -such as Walmart, AT&T, Disney, American Airlines, Starbucks, Home Depot, and more- unveil their plans to raise wages and pay big bonuses in the immediate aftermath of the GOP tax overhaul.

AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

posted by Hannity Staff - 12.20.17

AT&T said it will give its U.S. employees a special bonus as a result of the Republican tax reform bill.

More than 200,000 employees of the telecom giant will be eligible for a $1,000 bonus, AT&T announced. The company will cut the bonus checks over the holidays if President Donald Trump signs the tax bill before Christmas, as expected.

AT&T said all union-represented and non-management employees, as well as front-line managers, will receive bonuses.

AT&T also announced that once tax cuts are made official, it will enact a plan to invest an additional $1 billion in the U.S. next year.

AT&T also announced that once tax cuts are made official, it will enact a plan to invest an additional $1 billion in the U.S. next year.

The $1.5 trillion tax package includes a substantial cut to the federal corporate rate, which will drop to 21% from 35%. The bill will also lower tax rates for individuals and small businesses.

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