Nice job Disney. And you too President Trump.
The Walt Disney Company announced Tuesday it will give a one time, $1,000 cash bonus to 125,000 U.S.-based employees, for a whopping total of $125 million. And according to an internal memo obtained by TheWrap, Disney CEO Bob Iger said the bonuses come “as a result of the recently enacted tax reform”
passed by Republicans in December.
The one-time $1,000 cash bonus will be distributed in two payments of $500, the first in March and the second in September. All U.S.-based Disney employees, either hourly or salaried, who have been with The Walt Disney Company since Jan. 1 of this year will be eligible. In accordance with federal law, the company said it will work separately with union representatives to determine possible distribution plans for union employees...
Disney to Hand Out $125 Million in Employee Bonuses Due to Trump Tax Cuts
DRUDGE REPORT 2018®
Disney will now pay about $1500 million less in taxes, effectively
increasing our debt by about 17000 million over ten years assuming some growth in the company.
But you are celebrating Disney throwing $125 million crumbs at their workforce, which is less than 10% of their FIRST YEAR tax-cut?...
YOU SHOULD, because that is right about $125 million more than they WOULD HAVE without public pressure on corporations to do SOMETHING with the ridiculous windfall Republicans gave away to them.
90% or so of increased corporate after-tax profits, financed by our national debt, will go to corporate share holders who are mostly rich and of whom 25% ARE FOREIGNERS.
Good job Trump, you really showed that Wall Street how to sucker the shit out of Main Street - they will eat this shit and ask for seconds.