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Key States Up For Grabs In 2018 Are Reaping The Benefits Of Tax Reform

- January 9, 2018

Democrats Running In 2018 In States Won By President Trump Are Going To Have Some Explaining To Do As To Why They Opposed Tax Cuts

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TOP TAKEAWAYS

  • Over 100 businesses have announced bonuses or pay raises for their employees since the passage of the Tax Cuts and Jobs Act.
  • Many of these businesses have a significant number of employees and operations in states with U.S. Senate elections in 2018:
    •  After the Tax Cuts and Jobs Act passed, Comcast announced it would give $1,000 bonuses to over 100,000 employees; Comcast is the 19th largest employer in the state of Pennsylvania.
    • Fifth Third Bank announced that it will pay employees $1,000 bonuses; the bank has 2,600 employees in Michigan and is based in Ohio.
    • Associated Bank announced that it would pay workers a $500 bonus and raise its minimum wage to $15; Associated Bank has 3,400 workers in Wisconsin.
    • Commerce Bancshares, Inc. announced that it will offer $1,000 bonuses to 3,450 associates, 75 percent of the bank's workforce; Commerce Bancshares operates 330 locations in states like Missouri and Ohio.
    • Employees of Nationwide Insurance will receive "a big bonus and an increase in 401(k) matching" after the Tax Cuts and Jobs Act was signed into law; Nationwide has 10,000 employees in Ohio.
  • Democrats in these states universally opposed the bill, which could have serious consequences for them as their constituents start to see the impact the bill is having on their bottom line.

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THE TAX CUTS AND JOBS ACT HAS HAD A PROFOUND IMPACT IN STATES THAT WILL BE KEY BATTLE GROUNDS IN 2018

Over 100 Businesses Have Announced Bonuses Or Pay Raises For Their Employees Following The Passage Of The Tax Cuts And Jobs Act

Since Republicans Passed Historic Tax Reform, Over 100 Companies Have Pledged To Offer Bonuses, And Pay And Benefits Increases To Their Employees, Moves Which Will Impact Thousands Of Americans And Charities Across The Country. "The number of companies offering employee bonuses, pay hikes, and increases in benefits in reaction to President Trump's December tax reform victory is now over 100, with thousands of workers impacted and charities too." (Paul Bedard, "Over 100 Companies Giving 'Trump Bonuses' After Tax Victory, 'Tsunami Building,'" The Washington Examiner , 1/4/18)

As A Result Of The Tax Cuts And Jobs Act, AT&T Will Pay $1,000 Bonuses To Over 200,000 "'Union-Represented, Non-Management" Workers, And Will Invest An Additional $1 Billion Into The United States In 2018 Alone. "AT&T, the No. 2 U.S. wireless carrier, said it will pay $1,000 bonuses to more than 200,000 employees and invest an additional $1 billion in the United States in 2018, once the tax reform bill is signed into law. An AT&T spokesman said the bonuses were unrelated to the $1,000 that 20,000 AT&T Mobility employees will receive as part of an agreement with the Communications Workers of America announced last week. Employees eligible for the bonus are all 'union-represented, non-management and front-line managers,' AT&T said in a statement." ("AT&T, Two Banks Offer Bonuses, Pay Hikes In Wake Of U.S. Tax Reform," Reuters , 12/20/17)

Citing Passage Of The Tax Cuts And Jobs Act, Bank Of America Has Announced They Will Give About 145,000 Employees $1,000 Bonuses . "Bank of America will give some of its employees a $1,000 bonus, citing the tax bill that was just signed into law. 'Beginning in 2018, we will see benefits from the tax reform ... in the form of lower corporate tax rates,' CEO Brian Moynihan said in an internal memo to employees obtained by CNBC. He also said that about 145,000 employees will receive the bonus." (Fred Imbert, "Bank Of America Is Giving Some Employees A $1,000 Bonus, Citing Tax Bill," CNBC , 12/22/17)

PNC Financial Services Said It Will Give $1,000 Bonuses To 90 Percent Of Their Employees Below A Certain Pay Grade, And Make A $200 Million Contribution To The PNC Foundation, Which Supports Early Childhood Education. "PNC Financial Services became the latest company to say it will pay special bonuses to the bulk of its employees, among other workforce investments, after the tax bill was signed into law Friday. The financial services company said it will provide a $1,000 cash payment in the first quarter of 2018 to about 47,500 employees, or the about 90% of its workforce who are below a certain compensation band. In addition, PNC said it would raise its minimum wage to $15 an hour by the end of 2018, provide an additional $1,500 for employees in the defined benefit pension plan and make a $200 million contribution to the PNC Foundation, which supports early childhood education." (Tomi Kilgore, "PNC To Pay $1,000 Bonuses, Raise Minimum Wage After Tax Bill Signed," Market Watch , 12/22/17)

  • PNC Financial Services Will Increase Their Minimum Wage To $15 An Hour By The End Of 2018. "PNC Financial Services became the latest company to say it will pay special bonuses to the bulk of its employees, among other workforce investments, after the tax bill was signed into law Friday. The financial services company said it will provide a $1,000 cash payment in the first quarter of 2018 to about 47,500 employees, or the about 90% of its workforce who are below a certain compensation band. In addition, PNC said it would raise its minimum wage to $15 an hour by the end of 2018, provide an additional $1,500 for employees in the defined benefit pension plan and make a $200 million contribution to the PNC Foundation, which supports early childhood education." (Tomi Kilgore, "PNC To Pay $1,000 Bonuses, Raise Minimum Wage After Tax Bill Signed," Market Watch , 12/22/17)

Senator Bob Casey Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Pennsylvania Residents

Senator Bob Casey (D-PA) Voted Against The Tax Cuts And Jobs Act, Calling It An "Insult" To Middle Class Families. "His Democratic counterpart, however, who voted against the plan, issued a statement blasting the bill as a 'tax scheme' and a 'windfall for the wealthy.' 'This is an insult to the many middle class families in Pennsylvania who will pay more in taxes under this scheme while the super-rich and big corporations get a windfall,' Sen. Bob Casey said." (Jonathan D. Silver, "Toomey, Casey Split Votes On Tax Bill, Issue Dueling Statements," Pittsburgh Post-Gazette , 12/2/17)

There Are 2,200 AT&T Employees In Pennsylvania. "More than 2,200 AT&T employees working in Pennsylvania as of June 30, 2017." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 62 Financial Centers In Pennsylvania. ("Pennsylvania," Bank Of America , Accessed 1/3/18)

After The Tax Cuts And Jobs Act Passed, Comcast Announced It Would Give $1,000 Bonuses To Over 100,000 Employees And Invest $50 Billion Into Its U.S. Infrastructure In The Next 5 Years. "Cable provider Comcast Corp also said it would give $1,000 bonuses to more than 100,000 employees and invest $50 billion over the next five years in its infrastructure." ("AT&T, Two Banks Offer Bonuses, Pay Hikes In Wake Of U.S. Tax Reform," Reuters , 12/20/17)

PNC Financial Services Has 20 Wealth Management Offices In Pennsylvania. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Pennsylvania Community Bank, American Bank, Announced That Because Of The Tax Cuts And Jobs Act It Will Give All Of Its Employees A $1,000 Bonus. "American Bank Incorporated (OTC Pink: AMBK), the parent company of American Bank, today announced that it will be giving its employees an additional $1,000 bonus, citing the tax bill that was just signed into law. American Bank, a community bank headquartered in Allentown Pennsylvania, is joined by a list of larger corporations and Fortune 500 companies across the country that have taken this sort of action following the passage of the bill signed by President Trump on Friday that overhauls the U.S. tax code." (Press Release, "American Bank Announces $1,000 Bonus For Employees, Citing Tax Bill," American Bank , 12/22/17)

  • American Bank Employs 60 Pennsylvanians. "American Bank became the first Lehigh Valley business to publicly announce it is paying $1,000 bonuses to its 60 workers in connection with the tax bill signed Friday by President Donald Trump." ("American Bank PA : Among Companies Promising Tax Bill Bonuses To Employees," 4Traders , 12/22/17)

Employees Of Nationwide Insurance Will Receive "A Big Bonus And An Increase In 401(K) Matching" After The Tax Cuts And Jobs Act Was Signed Into Law. "Employees of Nationwide Insurance found out Wednesday they'll be seeing a big bonus and an increase in 401(k) matching from the company. In an email sent to employees, the company announced it will provide bonuses of $1,000 and increase 401(k) matching from 50 percent on the first 6 percent of employee contribution to 50 percent on the first 7 percent of employee contribution. The company said in a statement the one-time bonus impacts approximately 29,000 front-line associates, managers and individual contributors across the country. The 401(k) action impacts approximately 33,000 associates." ("Nationwide Gives Big Bonuses, Credits Tax Reform," KCCI Des Moines , 1/3/18)

  • Nationwide Insurance Has A Location In Harleysville, Pennsylvania . "Historic Harleysville, an idyllic community with a relaxed pace of life and family-friendly atmosphere, sits about 35 miles northwest of Philadelphia. The old Harleysville Insurance company, known for creating strong, lasting relationships with customers, is now part of the Nationwide family. And that legacy continues with our ongoing opportunities there. ("Nationwide Jobs In Harleysville, Pennsylvania," Nationwide Insurance , Accessed 1/8/18)

Senator Debbie Stabenow Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Michigan Residents

Senator Debbie Stabenow (D-MI) Voted Against The Tax Cuts And Jobs Act Because She Said It Would Hurt Middle Class Families Bottom Line. "'I've said from the beginning that we need tax reform that makes the tax system simpler, puts more money in your pocket, closes tax loopholes that send jobs overseas and supports small businesses and farms across Michigan. Unfortunately, that isn't at all what this Republican bill does. I voted no because I could not support raising taxes on middle-class families, seniors, and farmers and leaving Michigan families without health insurance to pay for huge tax giveaways for the wealthiest one percent of Americans.'" (Press Release, "Stabenow Statement Following Senate Vote On Republican Tax Bill," Sen. Debbie Stabenow , 12/2/17)

There Are 7,100 AT&T Employees In Michigan. "More than 7,100 AT&T employees working in Michigan as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 119 Financial Centers In Michigan. ("Michigan," Bank Of America , Accessed 1/3/18)

Fifth Third Bank Announced That It Will Pay More Than 200,000 Employees $1,000 Bonuses . "Fifth Third is yet another company to announce a bonus for employees because of the tax plan. AT&T said earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion." (Liz Moyer, "Wells Fargo, Fifth Third Bancorp Unveil Minimum Wage Hikes After Tax Bill Passage," CNBC , 12/20/17)

  • Fifth Third Bancorp Has 2,600 Employees In Michigan. "Fifth Third, which has 190 branches in Michigan and employs almost 2,600 workers in Michigan, said about 75 percent of its employees will receive a pay increase or bonus. Fifth Third is the largest bank in West Michigan, with more than 1,900 employees." (Jim Harger, "Fifth Third Bank Will Raise Minimum Hourly Wage After Trump Signs Tax Bill," Michigan Live , 12/21/17)

PNC Financial Services Has 5 Wealth Management Offices In Michigan. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Commerce Bancshares, Inc. Announced That It Will Offer $1,000 Bonuses To 3,450 Associates, 75 Percent Of The Banks Workforce, That Were Otherwise Not Eligible For Bonuses. "Commerce Bancshares, Inc. announced that following the enactment of the new federal tax reform legislation it will distribute cash bonuses to employees who are otherwise non-bonus eligible and non-commission eligible, totaling approximately 3,450 associates or 75% of the Bank's workforce. A cash payment of $1,000 will be made to all of these full-time employees and a $250 cash payment to all part-time employees employed by the Company on December 31, 2017. Additionally, in 2017, Commerce made a donation of $32 million of appreciated stock to The Commerce Bancshares Foundation (including $25 million in the fourth quarter 2017), which will be to the advantage of the communities we serve." ("Commerce Bancshares, Inc. Announces Employee Bonuses Following Tax Reform Bill," Business Wire , 1/2/18)

  • Commerce Bancshares, Inc. Operates 330 Locations Across The Country, Including Missouri And Michigan . "Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services including investment management and securities brokerage. The Company currently operates in approximately 330 locations in Missouri, Kansas, Illinois, Oklahoma, Colorado, Ohio, Tennessee, Texas, Indiana, Michigan, and Iowa." ("Commerce Bancshares, Inc. Announces Employee Bonuses Following Tax Reform Bill," Business Wire , 1/2/18)

Senator Tammy Baldwin Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Wisconsin Residents

Senator Tammy Baldwin (D-WI) Opposed The Tax Cuts And Jobs Act, A Bill That She Said Was A "Giveaway To The Wealthiest Few." "A Republican remake of the federal tax code bound for a U.S. Senate vote as soon as next week is being decried by Democratic Sen. Tammy Baldwin as a 'giveaway to the wealthiest few,' while her potential GOP challengers are cheering President Donald Trump's bid for a once-in-a-generation tax-code overhaul." (Mark Sommerhauser, "Tammy Baldwin Calls GOP Tax Bill A Boon For Wealthy; Republican Foes Cheer Donald Trump's Efforts," The Wisconsin State Journal , 11/26/17)

There Are 2,700 AT&T Employees In Wisconsin. "More than 2,700 AT&T employees working in Wisconsin as of Sept. 30, 2017." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

PNC Financial Services Has 1 Wealth Management Office In Wisconsin. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Associated Bank Announced That It Would Pay Workers A $500 Bonus And Raise Its Minimum Wage To $15; Associated Bank Has 3,400 Workers In Wisconsin. "Associated Bank said Thursday it will boost its minimum hourly wage to $15 and pay workers a $500 bonus when the recently passed federal tax reform is signed, making it the first major Wisconsin firm to announce it is joining the list of companies saying their employees will directly benefit from the legislation. The Green Bay-based bank, the largest financial institution headquartered in the state, said it will raise its minimum wage to $15 an hour from $10 - a 50% boost - and distribute the one-time bonus to all hourly, non-commissioned employees once the tax legislation is signed into law. The company said the moves would affect about 55% of its workers. Associated has about 4,400 employees, with 3,400 of them in Wisconsin." ("Associated Bank To Boost Minimum Wage To $15, Pay One-Time Bonuses When Tax Reform Is Signed," Milwaukee Journal Sentinel , 12/21/2017)

A Wisconsin Assisted-Living Business Will Give All Of Its 175 Employees $600 Bonuses, After Congress Passed The Tax Cuts And Jobs Act. "An assisted-living business will give its 175 employees bonuses up to $600 as a result of the tax reform package passed by Congress and signed by President Trump on Friday. Krista Mendyke, who owns Copperleaf Assisted Living with her husband, Jim, said they will give away all of the company's estimated tax savings as a result of the legislation. Copperleaf, which is based in Stevens Point, also has facilities in Schofield, Marathon City, Ripon and Adams." (Mark Treinen, "Wisconsin Business To Award $600 Bonuses To Employees Based On Tax Cuts," Stevens Point Journal , 12/22/17)

A Wisconsin Company, Americollect, Will Give Its 250 Employees A Bonus After Congress Passed The Tax Cuts And Jobs Act . "A Manitowoc-based company will give its roughly 250 employees a bonus following Congress's passage of the tax reform bill the Tax Cuts and Jobs Act. In an email to employees Wednesday, Americollect President and CEO Kenlyn T. Gretz said: 'Today, Congress passed the tax reform bill; our company will be taxed less because of it. Since we will now be taxed less, I wanted to take this opportunity and utilize this financial benefit to give back to each of you, our teammates, by directly impacting your paycheck in the form of a bonus!'" ("Manitowoc's Americollect Says Employees Will Get Tax Reform Bonus | Biz Update," USA Today , 12/21/17)

Senator Joe Donnelly Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Indiana Residents

Senator Joe Donnelly (D-IN) Voted Against The Tax Cuts And Jobs Act Because He Asserted That The Bill Would Not Benefit The Middle Class. "In the video above, Donnelly explains his vote against the tax reform proposal, and the potential impact on the middle class. In a speech this past week on the Senate floor, Donnelly said: 'The reasons I oppose this bill are plain and simple, clear and commonsense: Instead of providing a tax cut that overwhelmingly benefits the middle class, this bill cuts taxes for the wealthiest Americans while raising taxes on a majority of families making less than $75,000 in the coming years.'" (Dan Spehler, "IN Focus: Sen. Donnelly Explains Vote Against GOP Tax Bill," Fox59 , 12/24/17)

There Are 4,500 AT&T Employees In Indiana. "More than 4,500 AT&T employees working in Indiana as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

PNC Financial Services Has 3 Wealth Management Offices In Indiana. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Converse, Indiana's First Farmers Bank & Trust Announced It Would Raise Minimum Wage For New Employees And Provide A $750 Annual Bonus To Full-Time Employees. "In response to the recently passed legislation affecting corporate tax, Gene Miles, President and CEO of First Farmers Bank & Trust recently announced a new corporate wage and community support program that commits to four points of emphasis. 1. Raise the minimum hourly starting wage by $2.50 for all new FFBT employees. 2. Provide a minimum year-end bonus of $750 annually to all full time FFBT employees. 3. Invest a minimum of $250,000 annually to community development and support of local branch markets. 4. Invest a minimum of $150,000 annually to FFBT employee development and education. 'With this special opportunity, we are pleased to further our commitment to our community and to our people. Since 1885, First Farmers has prided itself in supporting the communities in which we serve and our employees are the primary reason for our corporate success and growth,' Gene Miles, President and CEO, First Farmers Bank & Trust." (Press Release, "First Farmers Announces Employee Wage Raise And Community Investment Program," First Farmers Bank & Trust , 12/26/17)

Senator Claire McCaskill Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Missouri Residents

A Spokeswoman For Senator Claire McCaskill (D-MO) Said That The Senator Opposed The Tax Cuts And Jobs Act Because The Republican Bill Was "All About Millionaires And Billionaires," And Would Not Benefit Missouri Families. "Meira Bernstein, a spokesperson for Democrat Claire McCaskill's campaign, said the tax plan only rewards the rich, while failing to come through on key promises made by Republicans. 'Claire has been clear that she supports real, bipartisan tax reform - but that is not what Senate Republicans forced through on a party line vote,' said Bernstein. 'The current tax legislation is all about millionaires and billionaires and most Missouri families will only get crumbs off the table. It is not simpler, it is not fairer, there are lots of new loopholes, and there will be trillions of dollars in new debt for future generations.'" (Jason Taylor, "Missouri's GOP Congressional Delegation Rallies Behind Tax Package Amid Poor Polling," Missourinet , 12/20/17)

There Are 9,400 AT&T Employees In Missouri . "More than 9,400 AT&T employees working in Missouri as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 80 Financial Centers In Missouri. ("Missouri," Bank Of America , Accessed 1/3/18)

PNC Financial Services Has 1 Wealth Management Office In Missouri. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Mid-AM Metal Forming, A Missouri-Based Company, Will Give Its 140 Employees Bonuses Because Of The Tax Cuts And Jobs Act. "Mid-AM Metal Forming is giving its 140 employees cash bonuses. The local company is one of many companies, like Jet Blue and AT&T, giving employees a bonus because of the tax law reform. 'Mid-AM Metal Forming is excited about the positive implications the tax reform package will have both on the manufacturing industry and its employees," President Steve Johnson said in a news release. "We have very dedicated employees that assist in making us a success. We are excited to surprise all of them with this reward.'" (Cortlynn Stark, "Mid-AM Metal Forming To Give Employees Bonuses," Ozarks First , 1/6/18)

Great Southern Bancorp, Inc. Announced It Will Give Cash Bonuses To More Than 1,200 Full Time Employees And $500 Cash Bonuses To All Party Time Employees. "Great Southern Bancorp, Inc., the holding company for Great Southern Bank, announced today that following the enactment of the new federal tax reform legislation, it will distribute special cash bonuses to its more than 1,200 employees. A $1,000 cash payment will be made to all full-time employees and a $500 cash payment will be made to all part-time employees who were employed by the Company on December 31, 2017." (Press Release, "Great Southern Bancorp, Inc. Announces Employee Bonuses Following Enactment Of Tax Reform Bill," Great Southern Bancorp , Accessed 1/8/18)

  • Great Southern Is Headquartered In Springfield, Missouri And Operates 104 Retail Banking Centers In The State And Across The Midwest. "With total assets of $4.5 billion, Great Southern offers a broad range of banking services to commercial and consumer customers. Headquartered in Springfield, Mo., the Company operates 104 retail banking centers in Missouri, Arkansas, Iowa, Kansas, Minnesota and Nebraska" (Press Release, "Great Southern Bancorp, Inc. Announces Employee Bonuses Following Enactment Of Tax Reform Bill," Great Southern Bancorp , Accessed 1/8/18)

Commerce Bancshares, Inc. Announces That It Will Offer $1,000 Bonuses To 3,450 Associates, 75 Percent Of The Banks Workforce, That Were Otherwise Not Eligible For Bonuses. "Commerce Bancshares, Inc. announced that following the enactment of the new federal tax reform legislation it will distribute cash bonuses to employees who are otherwise non-bonus eligible and non-commission eligible, totaling approximately 3,450 associates or 75% of the Bank's workforce. A cash payment of $1,000 will be made to all of these full-time employees and a $250 cash payment to all part-time employees employed by the Company on December 31, 2017. Additionally, in 2017, Commerce made a donation of $32 million of appreciated stock to The Commerce Bancshares Foundation (including $25 million in the fourth quarter 2017), which will be to the advantage of the communities we serve." ("Commerce Bancshares, Inc. Announces Employee Bonuses Following Tax Reform Bill," Business Wire , 1/2/18)

  • Commerce Bancshares, Inc. Operates 330 Locations Across The Country, Including Missouri And Michigan . "Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services including investment management and securities brokerage. The Company currently operates in approximately 330 locations in Missouri, Kansas, Illinois, Oklahoma, Colorado, Ohio, Tennessee, Texas, Indiana, Michigan, and Iowa." ("Commerce Bancshares, Inc. Announces Employee Bonuses Following Tax Reform Bill," Business Wire , 1/2/18)

Senator Sherrod Brown Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Ohio Residents

Senator Sherrod Brown (D-OH) Spoke Out Against The Tax Cuts And Jobs Act, Accusing Republicans Of "Only Protecting The Rich In Their New Tax Plan." "Sen. Orrin Hatch (R-Utah) unloaded on Sen. Sherrod Brown (D-Ohio) Thursday night after Brown accused Republicans of only protecting the rich in their new tax plan during a Senate Finance Committee hearing. Brown said that the bill provides a tax cut that's 'not really for the middle class, it's for the rich.'" (Jaqueline Thomas, "Senators Hatch, Brown Have Heated Exchange On GOP Tax Plan," The Hill , 11/17/17)

There Are 6,000 AT&T Employees In Ohio. "Approximately 6,000 AT&T employees working in Ohio as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

PNC Financial Services Has 10 Wealth Management Offices In Ohio. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Employees Of Nationwide Insurance Will Receive "A Big Bonus And An Increase In 401(K) Matching" After The Tax Cuts And Jobs Act Was Signed Into Law. "Employees of Nationwide Insurance found out Wednesday they'll be seeing a big bonus and an increase in 401(k) matching from the company. In an email sent to employees, the company announced it will provide bonuses of $1,000 and increase 401(k) matching from 50 percent on the first 6 percent of employee contribution to 50 percent on the first 7 percent of employee contribution. The company said in a statement the one-time bonus impacts approximately 29,000 front-line associates, managers and individual contributors across the country. The 401(k) action impacts approximately 33,000 associates." ("Nationwide Gives Big Bonuses, Credits Tax Reform," KCCI Des Moines , 1/3/18)

  • Nationwide's Corporate Headquarters Is Located In Columbus, Ohio And Is Home To More Than 10,000 Employees. "Columbus, OH Our corporate headquarters is home to more than 10,000 associates." ("Find A Nationwide Office Near You," Nationwide Insurance , Accessed 1/8/17)

Senator Bill Nelson Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Florida Residents

Senator Bill Nelson (D-FL) Voted Against The Tax Cuts And Jobs Act. (H.R. 1 CQ Vote #323: Adopted 51-48 R 51-0 D 0-48, With Sen. Bill Nelson Casting A "Nay" Vote, 12/20,17)

There Are 14,500 AT&T Employees In Florida. "More than 14,500 AT&T employees working in Florida as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 564 Financial Centers In Florida. ("Florida," Bank Of America , Accessed 1/3/18)

PNC Financial Services Has 9 Wealth Management Offices In Florida. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Darden Restaurants, The Owners Of Olive Garden And LongHorn Steakhouse, Announced That They Planned To Invest $20 Million Into Their Employees As A Result Of Increased Profits From The Tax Cuts And Jobs Act. "Darden Restaurants Inc., the owner of Olive Garden and LongHorn Steakhouse, expects the federal corporate tax cut to fatten profits, and it promised to pass along some of the money to employees. The company is now planning for an effective tax rate of 18 percent this year, down from 25 percent earlier. That will bring a windfall of about $70 million, or 56 cents a share. The legislation known as the Tax Cuts and Jobs Act, which was passed last month, is poised to lower the restaurant chain's rate, though it also expects other changes to help as well. With its financial outlook brightening, the company pledged to spend about $20 million on employees." (Nick Turner, "Olive Garden Owner Pledges To Boost Employee Perks After Tax Cut," Bloomberg , 1/8/18)

  • The Olive Garden Headquarters Are In Orlando, Florida. "The Olive Garden main headquarters are in Orlando, Florida, USA. Olive Garden Headquarters Address: 1000 Darden Center Dr Orlando, Florida 32837 United States." ("Where Is The Olive Garden Corporate Office?," Headquarters List , Accessed 1/8/18)
  • Longhorn Steakhouse's Corporate Headquarters Is Located In Florida . "As you can see, the folks at Longhorn take grilling steaks seriously. How seriously? Just last week at Darden Corporate Headquarters in Orlando, seven of these brand's top grill masters (who - after weeks of regional competitions - had been culled from the 491 restaurants that make up this chain) competed for a $10,000 prize in the Company's second annual Steak Master Series." (Jim Hill, "Jens Dahlmann Of Longhorn Steakhouse Has Lots Of Great Tips When It Comes To Grilling," The Huffington Post , 7/4/17)

Rep. Jacky Rosen Strongly Opposed The Tax Cuts And Jobs Act Despite Its Tangible Benefits To Nevadans

Rep. Jacky Rosen (D-NV) Said The Tax Cut Bill IS "Designed To Provide Tax Relief To Wealthy Donors And Corporate Special Interests While Everyday People Get Crumbs Or Eventually Face A Tax Hike." "'Congressional Republicans have voted to give billionaires and giant corporations a massive tax cut at the expense of hardworking Nevada families,' said Rosen. 'This disaster of a bill includes a reckless provision repealing the Affordable Care Act's coverage requirement, which will spike premiums and cause thousands of Nevadans in my district to no longer have health insurance. This tax plan will also explode our deficit by more than $1 trillion, mortgaging our children's future and triggering deep cuts to services like Medicare. As Republicans ram this bill through Congress, it's becoming crystal clear that this plan is designed to provide tax relief to wealthy donors and corporate special interests while everyday people get crumbs or eventually face a tax hike. My constituents deserved real bipartisan tax reform and a simpler, fairer tax code aimed at supporting the middle class, and this Republican-controlled Congress failed to deliver.'" (Press Release, "Rosen Votes Against Reckless Republican Tax Bill," Rep. Jacky Rosen , 12/19/17)

There Are 1,200 AT&T Employees In Nevada. "More than 1,200 AT&T employees working in Nevada as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 62 Financial Centers In Nevada. ("Nevada," Bank Of America , Accessed 1/3/18)

In Response To The Tax Cuts And Jobs Act, Southwest Airlines Will Give All Full- And Part-Time Southwest Employees A $1,000 Bonus. "Southwest Airlines announced Tuesday the company's plans to celebrate the new tax reform law President Trump signed right before Christmas. The Southwest Board of Directors authorized a bonus to all Southwest Airlines employees to celebrate the recent passage of the tax reform legislation. All full-time and part-time Southwest employees with Southwest on Dec. 31, 2017, will receive a $1,000 cash bonus on Jan. 8, 2018." ("Southwest Airlines Announces Bonuses, New Investment," CBS , 1/2/18)

  • Las Vegas Is Southwest's Second Top Airport By Departures . ("Southwest Top Ten Airports By Departures," Southwest , 9/30/17)

Rep. Kyrsten Sinema Spoke Out Against The Tax Cuts And Jobs Act Despite The Tangible Benefits For Arizona Residents

Rep. Kyrsten Sinema (D-AZ) Voted Against The Tax Cuts And Jobs Act Because It "Does Not Reflect The Values And Priorities Of Hardworking Arizonans." "This week, the House of Representatives passed the Tax Cuts and Jobs Act (H.R. 1). I voted against this partisan bill because it does not reflect the values and priorities of hardworking Arizonans." (Press Release, "Re: Tax Cuts And Jobs Act Vote," Rep. Krysten Sinema , 11/17/17)

There Are 1,800 AT&T Employees In Arizona. "More than 1,800 AT&T employees working in Arizona as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 141 Financial Centers In Arizona. ("Arizona," Bank Of America , Accessed 1/3/18)

Employees Of Nationwide Insurance Will Receive "A Big Bonus And An Increase In 401(K) Matching" After The Tax Cuts And Jobs Act Was Signed Into Law. "Employees of Nationwide Insurance found out Wednesday they'll be seeing a big bonus and an increase in 401(k) matching from the company. In an email sent to employees, the company announced it will provide bonuses of $1,000 and increase 401(k) matching from 50 percent on the first 6 percent of employee contribution to 50 percent on the first 7 percent of employee contribution. The company said in a statement the one-time bonus impacts approximately 29,000 front-line associates, managers and individual contributors across the country. The 401(k) action impacts approximately 33,000 associates." ("Nationwide Gives Big Bonuses, Credits Tax Reform," KCCI , 1/3/18)

  • Nationwide Has A Location In Scottsdale, Arizona. "A vibrant and picturesque part of the Phoenix metro area - is one of the West's modern boom towns. Incorporated in 1951, Scottsdale now boasts a population of about 230,000 (growing quickly), and offers an exciting lifestyle with lots of amenities. It was also the home of Scottsdale Insurance, which is now part of the Nationwide family. And that legacy continues with our ongoing career opportunities in the 'Valley of the Sun.'" ("Nationwide Jobs In Scottsdale, Arizona," Nationwide Insurance , Accessed 1/8/18)

A Scottsdale, AZ CEO Is Giving $1.3 Million In Employee Bonuses Away To The 725 Employees Of YAM Worldwide. "Scottsdale resident Bob Parsons is giving $1.3 million in bonuses to employees Friday after passage of the GOP tax plan. The money will go to 725 employees at YAM Worldwide, a Parsons-owned holding company that operates more than a dozen businesses ranging from real estate to video production." (Perry Vandell, "Arizona CEO Bob Parsons Giving $1.3M In Bonuses To Employees After GOP Tax Plan Passage," Arizona Central , 12/22/17)

Joe Manchin Spoke Out Against The Tax Cuts And Jobs Act Despite The Tangible Benefits For West Virginia Residents

In Late November 2017, Manchin Indicate He Likely Wouldn't Support Tax Reform, Claiming The Bill Would Not Help The Middle-Class. "'No tax breaks for the rich? I said that's great,' Manchin said. 'Helping the middle class, working class? That's great. That's not what we're seeing.'" (Dave Weigel, "Democrats Once Seen As Potential Yes Votes On Tax Cuts Appear To Walk Away," Washington Post , 11/28/17)

There Are 950 AT&T Employees In West Virginia. "Approximately 950 AT&T employees working in West Virginia as of June 30, 2017." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)


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