Billionaire Gives Employees $1.3M in Bonuses After GOP Tax Bill — There Goes That Narrative

| DEC 24, 2017 | 12:47 AM
Donald Trump Attends The 16th Annual Outdoor Sportsman Awards

Ethan Miller/Getty Images

Ethan Miller/Getty Images

The recent signing of the GOP tax bill made history and — to no one's surprise — caused a lot of controversy from those on the left side of the political spectrum specifically.

House Minority Leader Nancy Pelosi (D-CA) even referred to the bill as the “end of the world” and “Armageddon.” She also stated on the floor that it was “an all-out looting of America” and “the worst bill to ever come to the floor of the house.”

Well, since the bill has been passed, several businesses have decided to reward their employees with bonuses and raises using the money that they will save as a result of the legislation.

On top of awarding their employees with $1,000 raises, Comcast pledged to invest over $50 billion into infrastructure over the next five years. Robert Kraft, the owner of the Patriots, also called President Donald Trump to tell him he would be building a paper mill in North Carolina because of the historic tax bill.

Now, Bob Parsons, the billionaire owner of YAM Worldwide, has announced that he will be giving $1.3 million in bonuses to his employees.

He made the announcement on Friday and explained that nearly 600 of his employees who had been with the company longer than six months would receive $2,000 and those hired more recently than that would receive $1,000 bonuses. This is all on top of a $500 to $5,000 bonus, based on tenure, that employees at his company received in December.

Parsons stated:

"The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy.

I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.”

The Trump effect.