FOR IMMEDIATE RELEASE
CONTACT: Dana Loncar
January 11, 2018
Republican Tax Cut Resulting in Higher Wages and Cash Bonuses for Central Florida Families
Orlando, FL – Today, Mike Miller thanked several companies with strong Central Florida ties who are providing bonuses and raising wages for their employees as a direct result of the Republican Congress and President Trump passing important tax reform legislation.
Some of Central Florida’s largest employers, Walmart and Universal Orlando (part of Comcast/ NBC Universal), Orlando International Airport’s largest airline, Southwest Airlines, who maintains a “Crew Base” in Orlando, and Central Florida’s only Fortune 500 company, Darden Restaurants are part of the many companies providing one time bonuses, wage increases, or other benefits to their employees.
“President Trump’s tax reform has directly resulted in higher wages and cash bonuses for millions of Americans and thousands of Central Floridians. The Republican tax cuts are proving that a rising tide raises everyone up and that by creating a business-friendly tax code we are making sure that lower and middle income families benefit from a booming economy and rising stock market,” said Miller.
“Congresswoman Stephanie Murphy is in lock step with Nancy Pelosi who didn’t believe Central Florida families deserved these hard-earned raises and bonuses. Their blind dedication to opposing and obstructing good ideas brought forward to help American families is indeed sad,” Miller continued.
Americans for Tax Reform states more than 1 million Americans will benefit from these awards. Each day new companies announce their plans. An updated list is available here but a sampling of companies with a large presence in Central Florida include:
AT&T – giving $1,000 bonuses to more than 200,000 employees and will invest $1 billion in the U.S. in 2018.
Comcast/NBC Universal – awarding $1,000 bonuses to 100,000 frontline and non-executive employees and expects to spend more than $50 billion on infrastructure investment over the next five years.
Darden – spending more than $20 million on employees
Southwest Airlines – paying $1,000 to every full-time and part-time employee and will give $5 million to charities and buy more aircraft from Boeing which builds all its planes.
Walmart – increasing starting wage rate for hourly employees in the U.S. to $11, pay a one-time cash bonus to eligible employees of as much as $1,000, and expand maternity and parental leave benefits. Fifth Third Bank – increasing its hourly minimum wage to $15 for U.S. employees.
Wells Fargo –increasing its minimum wage for U.S. employees from $13.50 to $15 and spend $400 million on donations to nonprofits and community organizations in 2018.
American Airlines – giving each of 130,000 employees a bonus, a total cost of about $130 million.
BB&T – giving $1,200 bonuses for 27,000 employees; base wage will rise from $12 to $15 per hour; $100 million in charitable donations.
Regions Financial Corporation – providing a base wage increase to $15 per hour, $40 million in charitable donations, and $100 million in capital expenditures.
Bank of America – paying $1,000 bonuses to roughly 145,000 employees.