Democrats such as Sen. Elizabeth Warren of Massachusetts insist the historic tax-reform bill passed by Congress last month does nothing for the middle class.
Yet, already, more than 50 companies have announced employee bonuses and/or wage increases in response to the bill’s tax cuts.
And, now, the nation’s largest private employer is raising its minimum hourly wage and handing out bonuses of up to $1,000.
Walmart, which has more than 1 million U.S. hourly employees, said Trump’s corporate tax cut “gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”
The new legislation cut the U.S. corporate tax rate cut from 35 percent to 21 percent.
“Today, we are building on investments we’ve been making in associates, in their wages and skills development,” said Walmart CEO Doug McMillon in a statement.
“It’s our people who make the difference and we appreciate how they work hard to make every day easier