ARTICLE
December Job Report First Sign Of Tax Reforms’ Benefits. In a column for The Hill (1/8, Ortiz), Job Creators Network President and CEO Alfredo Ortiz writes that “Friday’s jobs report demonstrated strong December hourly wage growth, helping bring the increase for 2017 to a respectable 2.5 percent,” adding that this number “will only accelerate as it begins to incorporate the millions of Americans who receive tax cut-induced raises and bonuses.” Ortiz points out that “over one hundred companies – including major airline, media and financial employers – have recently publicly announced that they are directing part of their tax cut savings to significant pay increases for their employees, to the combined tune of over $1 billion.” As examples, Ortiz states that “JetBlue Airways announced it will give $1,000 bonuses to each of its 21,000 crew members,” while “AT&T is giving $1,000 bonuses to more than 200,000 employees,” and “Bank of America is giving $1,000 bonuses to its 145,000 employees.” In addition, “all employees’ 401(k) and other retirement plans have been significantly boosted by the tax cut-generated stock market surge.” Finally, Ortiz concludes, “employees haven’t even begun to feel the direct effects of tax cuts in their paychecks from reduced federal withholding that will take effect as soon as next month,” adding that “taken together, these pay increases will provide long overdue relief” to the “four-fifths of working Americans who live paycheck-to-paycheck.” Upcoming Event Sponsorship Opportunities Wednesday, Feb. 7 Springfield, MO May 2-3 Springfield, MO Friday, May 4 Springfield, MO Register Now Early Bird Registration Early Bird Registration
In a column for The Hill (1/8, Ortiz), Job Creators Network President and CEO Alfredo Ortiz writes that “Friday’s jobs report demonstrated strong December hourly wage growth, helping bring the increase for 2017 to a respectable 2.5 percent,” adding that this number “will only accelerate as it begins to incorporate the millions of Americans who receive tax cut-induced raises and bonuses.”
Ortiz points out that “over one hundred companies – including major airline, media and financial employers – have recently publicly announced that they are directing part of their tax cut savings to significant pay increases for their employees, to the combined tune of over $1 billion.”
As examples, Ortiz states that “JetBlue Airways announced it will give $1,000 bonuses to each of its 21,000 crew members,” while “AT&T is giving $1,000 bonuses to more than 200,000 employees,” and “Bank of America is giving $1,000 bonuses to its 145,000 employees.” In addition, “all employees’ 401(k) and other retirement plans have been significantly boosted by the tax cut-generated stock market surge.”
Finally, Ortiz concludes, “employees haven’t even begun to feel the direct effects of tax cuts in their paychecks from reduced federal withholding that will take effect as soon as next month,” adding that “taken together, these pay increases will provide long overdue relief” to the “four-fifths of working Americans who live paycheck-to-paycheck.”
Upcoming Event Sponsorship Opportunities