Trump promotes corporate bonuses after GOP tax plan passes

President Donald Trump sits at his desk before signing legislation within the Oval Office of the White House in Washington, U.S., December 22, 2017.

Jonathan Ernst | Reuters

President Donald Trump sits at his desk before signing legislation within the Oval Office of the White House in Washington, U.S., December 22, 2017.

Still, the number of companies announcing such bonuses is usually only a tiny fraction of the number of major corporations within the United States. (Disclosure: Comcast, one of the companies that will announced that will might give bonuses, is usually CNBC’s parent company.)

The Republican tax plan chops the tax rate for corporations permanently, while temporarily trimming the tax burden for most individuals. Republicans who have long contended that will the benefits of corporate tax cuts might filter to workers through increased productivity along with wage growth broadly cheered the bonus announcements This particular week.

In his tweet Friday, Trump also called the tax bill “common.” In nearly all public opinion polls of the GOP plan, more respondents disapproved of the tax plan than approved of that will.

Republican leaders contend more voters will warm to the plan when they start seeing the tax cuts reflected in their paychecks.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eight + fourteen =