While most conservatives were excited about the passing of the GOP’s tax reform bill, Bill Kristol, the Weekly Standard’s editor-at-large, wasn’t pleased by many major corporations’ decision to provide raises and bonuses to employees in response to the 224-201 House vote to pass the bill.
Isn’t there something creepy about corporations giving cash bonuses to employees explicitly because of the passage of certain legislation or because of specific regulatory actions? Doesn’t it have something of a Road to Corporatist Serfdom feel to it?
— Bill Kristol (@BillKristol) December 20, 2017
Kristol has been an avid member of the “never Trump” movement and was probably not prepared for the oncoming attack from actor James Woods.
Only an elitist cupcake like you would think having a bonus is “creepy.” Try actually working for a living, you pompous blowhard. It would amaze you how important a salary and bonus can be. https://t.co/Ag2BG4FDlZ
— James Woods (@RealJamesWoods) December 21, 2017
Woods hits it right on the head. What is so weird about receiving a nice bonus during the holiday season to recognize your hard work and to spread the Christmas cheer? Kristol is probably just too selfish of a boss to hand out and bonuses to the people who work for him.
The House’s decision to pass the bill will drop the corporate tax rate from 35 to 21 percent and has prompted corporate giants like Comcast, Boeing, Wells Fargo, and AT&T to announce a pay raise for their employees.
AT&T is reportedly set to provide a $1,000 bonus to it’s over 200,000 employees upon Trump’s signage of the bill, according to Fox Business.
“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” Randall Stephenson, AT&T chairman and CEO Randall Stephenson said in a statement. “This tax reform will drive economic growth and create good-paying jobs.”
Comcast also stated that it would provide a $100,000 bonus to over 100,000 non-executive employees, while banking giant Wells Fargo announced it would raise its minimum wage to $15 per hour while accessing nearly $100 million to boost small businesses.
“We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners,” Tim Sloan, Wells Fargo President and CEO stated. “We look forward to identifying additional opportunities for Wells Fargo to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders.”
After the House and the Senate passed the bill, the Senate parliamentarian found certain provisions of the bill that violated budget rules, but once that was fixed, the House voted on it again in the morning and was passed. Trump then signed it into law earlier today.