The Trump effect is in full swing.
The nonprofit taxpayer advocacy group Americans for Tax Reform is keeping track of the companies that have given back to their employees as a result of the Trump-supported GOP tax bill.
ATR’s list included over 40 companies as of Thursday, and details bonuses up to $2,000, 401k matches, and charity spending.
Notable companies that made the list were AT&T, Aflac, American Airlines, Southwest Airlines, and Unity Bank.
US Bancorp gave $1,000 bonuses to 60,000 employees, hiked its base wage to $15, and put down a $150 million charitable contribution.
Turning Points Brand, Inc., which gave 107 employees $1,000 bonuses, said in a statement:
“We especially want to thank President Trump, Senate Majority Leader Mitch McConnell, and House Speaker Paul Ryan for pushing to get tax reform done this year, which allowed our people to immediately feel the impact. Every leader who pushed for and voted for tax reform made these bonuses possible.”
At credit card processor Total System Services, 11,500 employees enjoyed $1,000 bonuses.
Territorial Savings Bank also gave $1,000 bonuses to 247 of its employees, along with raising the base wage from $12.50 to $15.00 per hour.
Express Employment Professionals, a South Florida-based staffing company, awarded its more than 200 non-executive employees a whopping $2,000 bonus.
CEO Bob Funk told The Oklahoman his company could offer the bonuses due to expected savings from tax reform.
“We wanted to show our appreciation for our employees for doing such a good job this year,” Funk said. “It’s our privilege to be able to give back to our employees.”
BB&T not only gave its 27,000 employees $1,200 bonuses; the company dedicated $100 million for charitable donations. A press release stated:
“Overall, BB&T’s Executive Management team believes the successful passage of tax reform is very encouraging news that should move BB&T, the financial services industry and the U.S. economy in the direction of stronger growth.”
On Twitter, President Trump touted the positive effects of the historic tax cuts.
Companies are giving big bonuses to their workers because of the Tax Cut Bill. Really great!
— Donald J. Trump (@realDonaldTrump) January 2, 2018
Stock Market had another good day but, now that the Tax Cut Bill has passed, we have tremendous upward potential. Dow just short of 25,000, a number that few thought would be possible this soon into my administration. Also, unemployment went down to 4.1%. Only getting better!
— Donald J. Trump (@realDonaldTrump) January 4, 2018
At this rate, it’s getting very hard for liberals to deny President Trump is good for the economy.