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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Disney, JP Morgan Chase Join Companies Handing Out Bonuses in Wake of Tax Reform
Posted by:
Thanks Trump!
()
Date: January 24, 2018 11:36AM
Disney, JP Morgan Chase Join Companies Handing Out Bonuses in Wake of Tax Reform
January 23, 2018 4:52 pm
Walt Disney Company and JP Morgan Chase on Tuesday joined a growing list of companies that have recently made plans to invest in their employees in the form of bonuses, wage increases, and education programs.
Newly announced employee bonuses have been on the rise since President Donald Trump signed the GOP tax reform law in late December. Disney and JP Morgan have joined a number of prominent companies that have often cited tax reform as the motive to invest in employees, including Boeing, AT&T, Wells Fargo, Comcast, Bank of America and Walmart, CNBC reports.
Disney announced Tuesday its plans to pay out $1,000 bonuses to 125,000 employees and to invest $50 million in employee education.
"We are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new program," Disney CEO Bob Iger said in a statement.
Disney will distribute bonuses in two parts: one in March and one in September. The bonuses will go to both full and part-time workers, excluding executive level employees, that have been with the company since before Jan. 1.
Disney's education initiative will be available to roughly 88,00 hourly employee and will not affect the ongoing education reimbursement program that is available to full-time employees.
"Participants can pursue qualifying higher education or vocational training, including courses unrelated to their current responsibilities at Disney," the company said in a statement.
The two initiatives will set the company back $175 million for the current fiscal year, according to Disney’s estimates.
J.P. Morgan Chase also announced Tuesday that as a result of tax reform, it will be investing in its employees and communities, CNBC reports. Hourly wages for some 22,000 workers will increase to between $15 and $18, and employees will receive a $750 bonus later this month. The company also plans to open 400 new branch locations as part of a 5 year plan, which will bring 3,000 jobs to the expanding regions.
#ThanksTrump
January 23, 2018 4:52 pm
Walt Disney Company and JP Morgan Chase on Tuesday joined a growing list of companies that have recently made plans to invest in their employees in the form of bonuses, wage increases, and education programs.
Newly announced employee bonuses have been on the rise since President Donald Trump signed the GOP tax reform law in late December. Disney and JP Morgan have joined a number of prominent companies that have often cited tax reform as the motive to invest in employees, including Boeing, AT&T, Wells Fargo, Comcast, Bank of America and Walmart, CNBC reports.
Disney announced Tuesday its plans to pay out $1,000 bonuses to 125,000 employees and to invest $50 million in employee education.
"We are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new program," Disney CEO Bob Iger said in a statement.
Disney will distribute bonuses in two parts: one in March and one in September. The bonuses will go to both full and part-time workers, excluding executive level employees, that have been with the company since before Jan. 1.
Disney's education initiative will be available to roughly 88,00 hourly employee and will not affect the ongoing education reimbursement program that is available to full-time employees.
"Participants can pursue qualifying higher education or vocational training, including courses unrelated to their current responsibilities at Disney," the company said in a statement.
The two initiatives will set the company back $175 million for the current fiscal year, according to Disney’s estimates.
J.P. Morgan Chase also announced Tuesday that as a result of tax reform, it will be investing in its employees and communities, CNBC reports. Hourly wages for some 22,000 workers will increase to between $15 and $18, and employees will receive a $750 bonus later this month. The company also plans to open 400 new branch locations as part of a 5 year plan, which will bring 3,000 jobs to the expanding regions.
#ThanksTrump
Re: Disney, JP Morgan Chase Join Companies Handing Out Bonuses in Wake of Tax Reform
Posted by:
It's the economy stupid
()
Date: January 24, 2018 11:39AM
And don't forget Apple bringing back over $230 billion and 20,000 jobs. Too bad
DEMs never had enough imagination and courage to make this happen. Guess they'll need to stick to amnesty for broke ass illegals. That's a winner.
DEMs never had enough imagination and courage to make this happen. Guess they'll need to stick to amnesty for broke ass illegals. That's a winner.
Re: Disney, JP Morgan Chase Join Companies Handing Out Bonuses in Wake of Tax Reform
Posted by:
rich gets richer
()
Date: January 24, 2018 11:40AM
tax cuts for the rich so middle class have to cover that. dropping some crumbs, basically a slap in the face to minorities and other genders. people who can't find a good job in trumps economy get the shaft. thanks for nothing!
Re: Disney, JP Morgan Chase Join Companies Handing Out Bonuses in Wake of Tax Reform
Posted by:
Trump Derangement Syndrome
()
Date: January 24, 2018 11:49AM
rich gets richer Wrote:
-------------------------------------------------------
> tax cuts for the rich so middle class have to
> cover that. dropping some crumbs, basically a
> slap in the face to minorities and other genders.
> people who can't find a good job in trumps economy
> get the shaft. thanks for nothing!
^ Drank too much of the KoolAid.
Only the truly terminally butthurt can see lowering taxes, increasing wages, and adding jobs for American workers as a bad thing. lol
-------------------------------------------------------
> tax cuts for the rich so middle class have to
> cover that. dropping some crumbs, basically a
> slap in the face to minorities and other genders.
> people who can't find a good job in trumps economy
> get the shaft. thanks for nothing!
^ Drank too much of the KoolAid.
Only the truly terminally butthurt can see lowering taxes, increasing wages, and adding jobs for American workers as a bad thing. lol
Re: Disney, JP Morgan Chase Join Companies Handing Out Bonuses in Wake of Tax Reform
Posted by:
Jamie Dimon
()
Date: January 24, 2018 12:11PM
JP Morgan's Jamie Dimon says Trump's tax cut will lead to economic boom this year
- Dimon says economic growth could hit 4 percent this year.
In a CNBC interview at the World Economic Forum in Davos, Dimon also expressed strong support for the tax overhaul, predicting it will boost capital investment and job creation.
Published 4 Hours Ago Updated 2 Hours Ago
CNBC.com
J.P. Morgan chief Jamie Dimontold CNBC on Wednesday that the tax cut will drive wages higher and spark an economic boom.
"I think it's possible you're going to hit 4 percent some time this year," Dimon said in an interview at the World Economic Forum in Davos, Switzerland. "I promise you, we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high."
The J.P. Morgan Chase chairman and CEO expressed his strong support for the tax overhaul, predicting it will boost growth and job creation.
"I can't believe that people think having an uncompetitive tax system is a good thing," he said. "The real benefit comes over time. Competitive taxes [will lead to] more capital, more jobs, more companies investing here."
The bank said Tuesday it will spend $20 billion over five years to raise hourly pay for works and open branches in new U.S. locations in the wake of the tax cut.
"We're adding sales people, opening more branches," he said. "We think it is good for J.P. Morgan, and we think it's going to be very good for the economy."
Dimon played down criticism that the tax cuts were too generous to corporations, saying the benefits will extend to the rest of the country.
"When you make it sound like you're giving money to rich corporations, ... the fact is that is somewhat true [but] my argument is capital investment in America drives wages [for everyone]," he said. "We're supported by 40,000 vendors. When we open those 400 branches we're talking about, there's going to be hundreds of jobs supporting those branches."
- Dimon says economic growth could hit 4 percent this year.
In a CNBC interview at the World Economic Forum in Davos, Dimon also expressed strong support for the tax overhaul, predicting it will boost capital investment and job creation.
Published 4 Hours Ago Updated 2 Hours Ago
CNBC.com
J.P. Morgan chief Jamie Dimontold CNBC on Wednesday that the tax cut will drive wages higher and spark an economic boom.
"I think it's possible you're going to hit 4 percent some time this year," Dimon said in an interview at the World Economic Forum in Davos, Switzerland. "I promise you, we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high."
The J.P. Morgan Chase chairman and CEO expressed his strong support for the tax overhaul, predicting it will boost growth and job creation.
"I can't believe that people think having an uncompetitive tax system is a good thing," he said. "The real benefit comes over time. Competitive taxes [will lead to] more capital, more jobs, more companies investing here."
The bank said Tuesday it will spend $20 billion over five years to raise hourly pay for works and open branches in new U.S. locations in the wake of the tax cut.
"We're adding sales people, opening more branches," he said. "We think it is good for J.P. Morgan, and we think it's going to be very good for the economy."
Dimon played down criticism that the tax cuts were too generous to corporations, saying the benefits will extend to the rest of the country.
"When you make it sound like you're giving money to rich corporations, ... the fact is that is somewhat true [but] my argument is capital investment in America drives wages [for everyone]," he said. "We're supported by 40,000 vendors. When we open those 400 branches we're talking about, there's going to be hundreds of jobs supporting those branches."