Will Tax Reform Mean More Money for Workers? For Some, It Just Might
The Republican tax overhaul has suddenly become a reality, and the public certainly has a wide range of opinions about whether the new plan will help working Americans or hurt them. Among other things, the legislation lowers the corporate income tax rate from 35% to 21%, which will no doubt benefit countless businesses, their executives, and their shareholders. But believe it or not, the common worker might also come to benefit from this change, especially since several large companies have already announced plans to share the wealth.
Specifically, Comcast (NYSE: CCZ) and AT&T (NYSE: T) have already stated that thousands of employees will receive $1,000 bonuses in light of the aforementioned tax changes. And Wells Fargo (NYSE: WFC) has pledged to raise its companywide minimum wage to $15 an hour.
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Source: Fool.com
