For a nation accustomed to instant gratification, the Tax Cuts and Jobs Act is a winner.
Before President Donald Trump even signed the bill, companies were announcing employee pay raises, bonuses, and increased investments to grow their businesses and bring operations back from overseas.
Among the first out of the gate was AT&T, which said it would give $1,000 bonuses to more than 200,000 nonmanagement employees and make an additional $1 billion investment in the United States. Boeing put $100 million toward training, education, and other workforce development. Walmartexpanded paid parental leave and boosted starting wages to $11 an hour.
Then in January, the happiest place on earth got a little happier as The Walt Disney Co. announced it would invest $50 million in an education program that covers tuition costs for hourly employees and would distribute $1,000 cash bonuses to more than 125,000 employees.