Wells Fargo & Fifth Third Bancorp Provide Bonuses & Unveil Minimum Wage Hikes after GOP Tax Bill Passage
SO THIS IS WHAT ARMAGEDDON MEANS TO DEMOCRATS … EMPLOYEES BENEFIT AFTER TAX CUT BILL PASSAGE …
Merry Christmas from President Donald J. Trump and the Republicans in The House and Senate. Because the GOP Tax Bill was passed, look what happened in return. Remember, not one, not one Democrat voted for this legislation. Wells Fargo and Fifth Third Bank provide early Christmas presents to their employees, thanks to passage of the Tax bill.
Fifth Third Bancorp will pay more than 13,500 employees a bonus and raise the minimum wage of its workforce to $15 an hour after the passage of the Republican tax plan that will cut the bank’s corporate tax rate.
Fifth Third is yet another company to announce a bonus for employees because of the tax plan. AT&T said earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.
Wells Fargo, meanwhile, also said it would be boosting its minimum wage for employees to $15 an hour, which was prompted by the tax plan. The San Francisco-based bank also said it would target $400 million in donations to community and nonprofit organizations next year.