Here's a Running List of How Tax Reform Is Benefiting Workers and Capital Expenditures

Dear Viewpoint readers –I am going to run a continued log here of company announcements regarding investments they make into wages, employees, new hires, capital expenditures, business investment, and so forth and so on, in light of the historic corporate tax reform passed in the final weeks of 2017.  There is a media narrative that says, “these greedy companies will do something unhelpful like buy back stock, and no one else will benefit.”  That narrative is wrong on the facts and wrong on the theory.  Stock buybacks and dividends, if deemed to be the most efficient uses of the capital, are highly stimulative and productive in a free market economy.  But to the extent that companies will actually be wildly incentivized in this bill to invest in their people, product, and process, we want to document such for interest readers who deserve a counter-narrative to the tired class envy of the leftist media.  Is that subtle enough?

1. AT&T

AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill

2. Fifth Third Bancorp AND Wells Fargo

Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage

3. Comcast

Comcast (CMCSA) Announces $1,000 Bonuses for Most Employees Following Tax Reform

4. Boeing

Boeing CEO: Tax reform will ‘unleash economic energy’

5. Federal Express

FedEx CFO: We'll hire more workers, if tax reform lifts GDP6. Bank of AmericaBank of America is Giving Some Employees a $1000 Bonus, Citing Tax Bill7. PNC BankPNC Bank Announces Employee Cash bonuses After Tax Reform Bill8. Sinclair BroadcastSinclair Broadcast says it will pay special $1,000 tax reform bonus to almost 9,000 employees9. Associated BankAssociated Bank increases minimum wage from $10 to $15, offers bonus after tax bill approval10. Stifel NicholasStifel Gives Staffers Special Tax-Gift Bonus11. American AirlinesAmerican Airlines Announces Employee Bonuses After Tax Reform Passage12. Southwest AirlinesSouthwest to pay bonuses after tax bill13. AflacAflac doubles down on employee benefits14. BB&T Bank & Trust Co.BB&T invests $152 million of tax reform benefits into associates and communities15. Express Employment ProfessionalsExpress Employment Professionals giving $2,000 bonuses, citing tax reform16. Pioneer Credit RecoveryIn the wake of tax reform bill, Pioneer Credit Recovery workers will receive $1K bonuses 17. NavientNavient hand out bonuses, credit tax overhaul18. Fidelity BankFidelity Bank Announces Investment in Bankers and Communities19. Jet Blue AirlinesAll JetBlue Crewmembers to Receive $1,000 Following Tax Reform20. U.S. BancorpU.S. Bank becomes latest bank to increase wages, hand out bonuses after tax reform21. Zion's BancorpSlew of regional banks latest to hike pay after tax reform22. AccuWeatherAccuWeather Announces Special Year-End Bonus and Other Investments23. Gate City BankIn response to tax bill, Gate City Bank announces reinvestment plan24. THIRTY companies in eastern IdahoMore than 30 Companies in Idaho Offering Employee Bonuses Due to Tax Reform Bill25. Rush EnterprisesRush Enterprises Inc. to provide $1,000 discretionary bonus to employees as a result of tax reform26.Wal-MartWalmart to raise its starting wage to $11, give employees bonuses following tax bill passage27. Fiat-ChryslerFiat Chrysler to Invest $1 Billion in Michigan Plant and Add 2,500 Workers28. AAONAAON Announces Tax Reform Bonus for Employees29. AR-15 Gun Owners of AmericaAmerican rifle group hands out bonuses, boosts workers' pay after Trump's tax bill30. Advance FinancialAdvance Financial offers initiative related to tax reform31. AflacAflac Incorporated Responds to Tax Reform with Plan for Additional Investments in the U.S. of $250 million Targeting Workforce, Strategic Allocations for Business Growth, and Renewed and Strengthened Commitment to Childhood Cancer32. Amarillo National BankAmarillo firms vow to pass new tax savings on to employees33. Ball VenturesBall Ventures announces bonuses for employees due to tax bill34. Central Pacific BankCentral Pacific Bank to give $1,000 bonuses, increase minimum wage35. ComericaComerica Announces Increase In Its Minimum Wage To $15 Per Hour And $1,000 Bonus To 4,500 Non-Officer Colleagues36. Hawaii National BankSixth Hawaii bank follows bonus and minimum wage trend37. NationwideNationwide gives big bonuses, credits tax reform38. Nephron PharmaceuticalsRepublican tax cut leads Nephron Pharmaceuticals in S.C. to give raises to its employees39. Pacific PowerPacific Power says they will lower rates with tax cuts40. PNC FinancialHere's how PNC celebrates tax reform — cash, pension contributions for employees41. TravelersTravelers Cites US Tax Overhaul In Pledging $1,000 Worker Bonus42. VisaTax reform prompts Visa to raise 401(k) match for employees43. JP Morgan

JPMorgan to raise pay, hire staff in $20 billion investment push

44. AltriaAltria Group giving $3,000 bonuses with tax windfall

Additional List of Companies