Did your company give employees a bonus or wage increase after passage of the tax bill?
Americans for Tax Reform wants to pass along your news. The association, headed by long-time tax and spending cut activist Grover Norquist, is cheering on the tax cuts and says 90 percent of taxpayers got bigger paychecks.
The organization sent along an email seeking companies that shared the proceeds from a lower tax rate.
Additions to a list sent along by the group can be can be sent firstname.lastname@example.org). You can copy us too.
Here is a list of locally based companies that Kartch sent along.
- Green Recovery Technologies, LLC(New Castle ) — $1,000 bonuses for all seven employees.
- Delaware Supermarkets Inc.(Shoprite) — $150 extra bonuses to 1,000 non-management personnel.
- Navient(Wilmington) – 98 percent of Navient’s 6,700 employees will receive a $1,000 bonus (approximately 6,566 bonus-eligible employees).
- Mountaiire poultry company (Millsboro) – $1,000 or $500 bonuses based on length of service; increased 401(k) matches.
- Delmarva Powerwill pass along tax reform savings to customers. The company supported the move which was also pushed by utility regulators.
Passage of the tax bill is viewed by Norquist and Republicans in the House and Senate as a can’t miss issue. With election day approaching,they hope the cuts will gain traction.
Democrats have claimed the benefits largely went to the wealthy.
The Tax Foundation estimates the tax cuts will create 666jobs in Delaware. A calculator from the organization indicates that those making $200,000 a year or more will pay $20,000 less at tax time. Those with adjusted gross incomes of 100,000 to $200,000 get $2,700.
The jury remains out on whether the business and individual tax cuts will provide long-term gains in tax revenues or whether voters will buy the argument of Dems that the deep spending cuts to programs will be needed to make up for a revenue shortfall. Norquist would be fine with that. – Doug Rainey, publisher.