Quote:
Originally Posted by JustRalph
This is monumental stuff. In a country where the left constantly complains about how evil corporations are, the first reaction of so many of these companies is to funnel some of their tax savings directly to their employees is counter to everything we hear.
The increase in wages is even more important over time.
No one could have predicted this. Cutting the corporate tax rate is already a huge deal for making companies more competitive but these added extra benefits tied in with the fact these same employees will pay less tax on the "new money", is a grand slam.
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I agree. I bank at BBT. PNC also has many branches around here. Imagine a full time employee who was making $12 an hour and starting Monday is now at $15, that's a huge increase that will help their retirement (401 contributions) and immediately provide a better standard of living. And without gov't mandates (increasing min. wage) which will probably backfire.
