American Airlines is handing out $1,000 bonuses to its employees.
So are AT&T, Bank of America and Nationwide Insurance. The same goes for Southwest Airlines, Comcast, JetBlue Airways and US Bancorp.
Such announcements, coming from dozens of companies, have followed the passage of the Republican tax plan that President Donald Trump signed into law last month.
The plan slashed the corporate tax rate from 35 percent to 21 percent. The companies say the bonuses they’ve announced are a way to share some of their bounty with their workers.
The bonuses are one-time payouts, not the permanent raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts. Over time, bonuses are far less valuable to employees than wage increases.
Reference: Many bonuses, few raises