Trickle Down Does Still Work

[sword]

GoDaddy:
Billionaire GoDaddy founder Bob Parsons says he's giving out more than $1 million worth of bonuses to his staff on Friday, thanks to the new Republican tax reform law.

 

[sword]

2/2/2018 Best Buy

Best Buy Co., the nation's largest consumer electronics retailer, says it will be handing out bonuses to more than 100,000 employees, joining a list of companies sharing a portion of their windfall from the corporate tax reform law with employees.

The Minneapolis-based chain says that this month it will pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees.

Company spokesman Jeff Shelman said full-time salaried employees on a bonus plan will not get the extra funds.

 

[sword]

2/5/2018 Saban Capital (Univision)

The head of Saban Capital Group, a major investment firm specializing in the media and entertainment industries, announced Friday that the company will give its employees $1,000 bonuses due to the Republican tax reform law.

 

[sword]

2/7/2018
Chipotle Mexican Grill, announced Wednesday enhancements to benefits for all of its 71,000 hourly and salaried employees. The new benefits, which are a result of savings due to the Tax Cuts and Jobs Act., have already begun rolling out to Chipotle employees.

The company said it will reinvest more than one-third of its anticipated savings from tax law changes into its employees, with the remaining will be dedicated to improvement of restaurant facilities and operations.

The enhanced benefits include special cash and stock bonuses, new accelerated training programs and enhanced paid parental leave. These are part of the company's ongoing commitment to advance both the professional and personal lives of its employees.

 

[sword]

2/7/2018
Steris, a medical equipment maker in Mentor, OH announced as a result of recent tax reform will allow STERIS to strategically grow their business and return value to customers, employees and shareholders.  One of our first actions on that front will be a one-time special discretionary bonus of $1,000 to all U.S. employees other than senior executives."

 

[sword]

Feb 8, 2018 Mill Steel Co.,
One of the nation's largest distributors of flat-rolled carbon steel, is pleased to award a $1,000 bonus to all 400 of its full-time associates following the tax cut passed by Congress and signed by President Trump.

 

[sword]

Altria Group Inc., says it is giving all of its non-executive employees a one-time $3000 bonus, thanks to the corporate tax cut.

 

[Smellin Coffee]

Just saw my statement for tomorrow's check with the new tax decrease. Folks here at the plant have been excited to finally see it. My paycheck (salaried, not hourly employment) went "up" - 2?! (Yes, that is a negative two cents, so I actually lost a couple pennies.)

LOL!

Oh, and HR sent a memo stating that our profit sharing check in March took a 6% tax INCREASE so we should expect to see that happen.

Not bad considering our plan was $8 million profit over last year's record year for us and we actually performed at $12 over that plan...

 

[FSSL]

Sounds like Smellin' needs to find another company!

As an independent sales guy, in a market hard hit for the past 15 years, I can attest to the fact that sales are rocking beyond belief!

 

[sword]

Just saw my statement for tomorrow's check with the new tax decrease. Folks here at the plant have been excited to finally see it. My paycheck (salaried, not hourly employment) went "up" - 2?! (Yes, that is a negative two cents, so I actually lost a couple pennies.)
LOL!
Oh, and HR sent a memo stating that our profit sharing check in March took a 6% tax INCREASE so we should expect to see that happen.
Not bad considering our plan was $8 million profit over last year's record year for us and we actually performed at $12 over that plan...

Smellin, you need to get some Job retraining. High skilled jobs are open in every market of this country.

My federal withholdings dropped $200 a month under the new plan and my company announced a very large employee bonus for this year.

Things are good.

 

[sword]

2/7/2018
Broadridge Financial Solutions on Wednesday said it was boosting workers? pay, delivering bonuses and expanding employee benefits as a result of strong company growth and the recent federal tax law changes.

Lake Success-based Broadridge said its minimum hourly wage will increase to $15 per hour. It will also pay a $1,750[/b] bonus to hourly, nonmanagement associates.

 

[sword]

2/8/2018
Tyson CEO and president Tom Hayes said in a statement to employees that they expect to save more than $300 million in tax savings. With it,  he says the company will invest in "The areas we believe will make the biggest difference."

Part of that includes providing one-time bonuses $1,000 for full time and $500 for part-time employees

 

[Tarheel Baptist]

Sounds like Smellin' needs to find another company!

As an independent sales guy, in a market hard hit for the past 15 years, I can attest to the fact that sales are rocking beyond belief!

Stevie Wonder can see the economy is booming and the middle class is enjoying the benefits of such.
The economy, like the direction of the flotillas, is objective.

Maybe Smelling is one of them thar evilll rich people and is rightfully getting fleeced.

 

[Smellin Coffee]

Sounds like Smellin' needs to find another company!

As an independent sales guy, in a market hard hit for the past 15 years, I can attest to the fact that sales are rocking beyond belief!

Stevie Wonder can see the economy is booming and the middle class is enjoying the benefits of such.
The economy, like the direction of the flotillas, is objective.

Maybe Smelling is one of them thar evilll rich people and is rightfully getting fleeced.

You are right in your first paragraph. Not so much in your second.

Subdivisions and businesses in our area are being built. New construction everywhere.

Where the problem lies, is the middle class is being divided; we are becoming a country that is headed toward the destruction of the middle class, broken into rich and poor. It is the poor people in abject poverty (you know, the families of 4-6 that make less than 25K per year) that continue to struggle. Watching elderly people having to choose between their pain medication and food on a weekly basis continues to be horrific. (Thank goodness, to their credit, Congress just passed a closing in the doughnut hole in 2019 for Medicare.) So who "trickles down" funding to these folks, specifically in the form of reliable income or reliable reduction in expenses?

It is like putting creamer into coffee. The top gets saturated, some of the creamer trickles down to the middle of the cup, but the bottom remains just as bitter; that is unless the creamer is stirred. It is those folks who live in the bottom of the cup, who need the most help that trickle down barely reaches.

So middle-class away in your economic boasting. My Jesus loves and stands with the poor.

 

[Smellin Coffee]

Just saw my statement for tomorrow's check with the new tax decrease. Folks here at the plant have been excited to finally see it. My paycheck (salaried, not hourly employment) went "up" - 2?! (Yes, that is a negative two cents, so I actually lost a couple pennies.)
LOL!
Oh, and HR sent a memo stating that our profit sharing check in March took a 6% tax INCREASE so we should expect to see that happen.
Not bad considering our plan was $8 million profit over last year's record year for us and we actually performed at $12 over that plan...

Smellin, you need to get some Job retraining. High skilled jobs are open in every market of this country.

My federal withholdings dropped $200 a month under the new plan and my company announced a very large employee bonus for this year.

Things are good.

Job retraining is not really a realistic possibility with my lifestyle at this point. Our company is in the top half of the Fortune 500 group. Rather than giving bonuses, they are taking away perks such as office coffee, holiday meals and now even personal printers in individual offices.  Rather than getting new laptops every 3 years, we now get refurbished ones. Wireless keyboards and mouses for computers are no longer to be purchased by the company. All these cuts became effective Jan 1 (no doubt, decided upon before the tax cut). Hiring freezes. Last year, we lost two people in our group and rather than replacing them, they spread the work to the remainder of the group. And being salaried, this put an additional 1-2 hours per day per worker for the same amount of pay.

I'm too old for retraining and not going to lose my 10+ years with the company. After having suffered 3 job losses, two of which ended in almost a year each in unemployment with 4 kids, I am not risking seniority for more money elsewhere.

At my job, I make enough. Why would I want to get richer? Yeah, my car is a '95 Honda Civic with 300K miles on it, but it runs and runs well. And paid for. I don't need a newer car. I don't have to worry about where my meals for tonight, tomorrow, next week or next month are going to come from. I live in a nice house in a nice neighborhood. In fact, the next block over is a new subdivision being built where their houses are 250K more on average than those in our subdivision which is actually driving up the value of my home. Yeah, I spend a lot of time working, but I am able to use my free time to help people I love. I don't want to risk training or losing hours of my week when I can do that.

I'm not complaining about the lack of increase in pay. I realize those who make more money will get more back. I was just stating the fact that not all companies are following suit, not all workers are getting the bonuses and those who are really on low-end jobs won't see much or possibly any of the benefit.

I am blessed and am able to share my blessings with others. More money, even to "give away" really won't change anything. To sacrifice time away from my last 10 years of employment to risk potential loss before retirement is not in my game plan. Lost too many jobs to have learned the hard way.

But seriously, thank you for the encouragement. I really do appreciate it!

 

[Smellin Coffee]

Sounds like Smellin' needs to find another company!

As an independent sales guy, in a market hard hit for the past 15 years, I can attest to the fact that sales are rocking beyond belief!

And who do you sell to? PEOPLE WITH MONEY. How is this "rocking' sales helping those who can't afford your goods?

 

[4everfsu]

Do you sell to people who do not have money? That is not sales, that is give away.

 

[Smellin Coffee]

Do you sell to people who do not have money? That is not sales, that is give away.

Yep. So what this means is the economy is doing well for those who HAVE extra money to spend, not necessarily trickling down to those who for no fault of their own, cannot make that extra money.

 

[Tarheel Baptist]

Sounds like Smellin' needs to find another company!

As an independent sales guy, in a market hard hit for the past 15 years, I can attest to the fact that sales are rocking beyond belief!

Stevie Wonder can see the economy is booming and the middle class is enjoying the benefits of such.
The economy, like the direction of the flotillas, is objective.

Maybe Smelling is one of them thar evilll rich people and is rightfully getting fleeced.

You are right in your first paragraph. Not so much in your second.

Subdivisions and businesses in our area are being built. New construction everywhere.

Where the problem lies, is the middle class is being divided; we are becoming a country that is headed toward the destruction of the middle class, broken into rich and poor. It is the poor people in abject poverty (you know, the families of 4-6 that make less than 25K per year) that continue to struggle. Watching elderly people having to choose between their pain medication and food on a weekly basis continues to be horrific. (Thank goodness, to their credit, Congress just passed a closing in the doughnut hole in 2019 for Medicare.) So who "trickles down" funding to these folks, specifically in the form of reliable income or reliable reduction in expenses?

It is like putting creamer into coffee. The top gets saturated, some of the creamer trickles down to the middle of the cup, but the bottom remains just as bitter; that is unless the creamer is stirred. It is those folks who live in the bottom of the cup, who need the most help that trickle down barely reaches.

So middle-class away in your economic boasting. My Jesus loves and stands with the poor.

What a crock!
My post responded to your travail that the tax cuts did not help you...intimating they were ineffective probably because Trump had a hand in them. I merely pointed out the obvious that the tax cuts helped virtually everyone. Tax cuts don?t immediately help the truly poor people because they don?t pay income tax. But if it helps the overall economy, it will help the poor because they participate in the overall economy. And I?m actually on Medicare! 

I loved your last line...an appeal to your virtue and care for the poor!
Got pomposity? !

Again, we do now and have always put our money and time where liberals put their collective mouth?s!

Hyles did a number on you and somewhere you contracted a huge white guilt complex!
I?m sure that?s a delightful combination!

 

[Tarheel Baptist]

Do you sell to people who do not have money? That is not sales, that is give away.

Yep. So what this means is the economy is doing well for those who HAVE extra money to spend, not necessarily trickling down to those who for no fault of their own, cannot make that extra money.

You are a Bibul Skolar, a self aggrandizing ?socialist? worker AND an economist.