It has not been a happy week for Democrats who got a nice lump of coal in their Christmas stockings after President Trump scored a huge win with the passage of the most comprehensive tax reform bill in over three decades.
Not one Democrat supported the tax bill which included a repeal of the tyrannical Obamacare mandate and in their unified resistance, ensured that raising taxes will be a key plank in the 2020 party platform.
— CNN Politics (@CNNPolitics) December 20, 2017
While Democrats immediately took to social media to spit nails after the House passed the bill again on Wednesday after closet communist Bernie Sanders sank the first vote on a technicality, a number of major corporations announced that they would be giving their employees a holiday bonus this year.
AT&T celebrated the bill by giving workers $1,000 extra which will come in handy this time of year.
AT&T to give employees $1,000 bonuses after Trump signs tax bill https://t.co/3Knd89hVmd
— FOX Business (@FoxBusiness) December 21, 2017
Via Fox Business “AT&T to give employees $1,000 bonuses after Trump signs tax bill”:
AT&T said Wednesday 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.
Comcast also announced bonuses as did banking giants Wells Fargo, Fifth Third Bank and several other companies:
JUST IN: Comcast to give $1,000 bonuses to more than 100K "eligible frontline and non-executive employees" & invest $50 billion over the next five years in infrastructure "based on the passage of tax reform". https://t.co/jn8limUSe7
(Disclosure: Comcast is parent co. of CNBC)
— CNBC Now (@CNBCnow) December 20, 2017
JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. https://t.co/GmM8bT0zjh
— CNBC (@CNBC) December 20, 2017
JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill. https://t.co/GmM8bT0zjh
— CNBC (@CNBC) December 20, 2017
Pledges After GOP Tax Cuts:
•AT&T: Invest $1B in US; $1,000 employee bonus
•Boeing: $300M investment
•CVS: Hire 3,000 workers
•FedEx: Increase hiring
•Fifth Third Bancorp: Minimum wage to $15; $1,000 employee bonus
•Wells Fargo: Minimum wage to $15; $400M to nonprofits pic.twitter.com/5CVNaQz8b9
— Fox News Research (@FoxNewsResearch) December 20, 2017
It’s going to be difficult for Democrats to overcome this if it becomes a standard practice for employers but a good chunk of their base is on the government dole or are otherwise slothful and indolent slackers toiling in low wage industries like fast food and retail and are more dependent on promises of a $15 an hour minimum wage than in trying to lift themselves up into a better life.