Tax Season: Millions of Americans Receiving Raises and Bonuses

As the countdown to Tax Day 2018 continues, it would be impossible to evaluate the positive effect tax reform is having on our nation without addressing what happened in its immediate aftermath: companies awarding raises and bonuses to employees.

Though this trend began humbly—just moments after the bill’s signing into law—with Boeing announcing it would award its employees bonuses as a result of tax reform, AT&T quickly followed by making a similar announcement.

Within 48 hours, that list tripled. And almost four months after the passage of tax reform, more than 400 companies have announced similar dividends. That’s more than 4 million Americans—and counting—receiving such benefits thanks to tax reform. All these employee benefits have driven up Americans’ disposable income to its highest level in five years.

Nancy Pelosi may refer to these as mere “crumbs,” but middle-class Americans understand just how far this money goes in their everyday lives.

Similarly, several utility companies have announced they will pass along tax savings to customers. For many Americans, this is a double-win: helping them to both take home more money, and keep more of it.

As tax season continues, one thing is clear: reform is a win for America.