Another Huge Company Is Giving Employees $1,000 Bonuses from Tax Reform

By CNBC. Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Disney giving 125,000 employees $1,000 cash bonuses

Disney announced Tuesday it will pay over 125,000 employees a one-time cash bonus of $1,000, as well as make a new $50 million investment into education program for employees.

“We are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new program,” CEO Bob Iger said in a statement.

Disney says both initiatives are due to recent tax reform. Some of the biggest companies in the United States have been giving out bonuses to employees, often citing the recently-passed tax bill as the motive. Boeing, AT&T, Wells Fargo, Comcast, Bank of America and Walmart are just a few of those distributing new tax benefits to workers.

The bonus applies any full-time and part-time employees who have been working for Disney since before January 1. Those eligible will receive the bonus in two parts, with one in March and the other in September. Executive level employees are exempt. (Read more from “Another Huge Company Is Giving Employees $1,000 Bonuses from Tax Reform” HERE)

____________________________________________

Tax Reform Windfall: These Companies Are Hiking Pay, Delivering Bonuses

By Fox Business. Verizon (VZ) on Tuesday joined several major companies in rewarding employees with incentives tied to the passage of a GOP-backed tax reform bill.

The telecom giant will give nearly all of its employees 50 shares of restricted stock, worth roughly $53 each as of this week, a source with knowledge of the equity award confirmed to Fox News. The share prices will be set on Feb. 1.

The $1.5 trillion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally. (Read more from “Tax Reform Windfall: These Companies Are Hiking Pay, Delivering Bonuses” HERE)

Follow Joe Miller on Twitter HERE and Facebook HERE.