The hits just keep on coming. I’ve been covering the Frankenstein fallout since The Worst Piece of Legislation In History passed, and the results continue to shock the conscience. Matt brought you up to speed on the bonuses and other investments announced by American and Southwest Airlines this week, but they’re hardly alone. Let’s survey some of the additional devastation wrought by this Armageddon-style legislative meteor strike: (1) Beefed up bonuses and philanthropy at AFLAC, nationwide…
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(2) Bonuses for thousands of Total System Services employees in Georgia…
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(3) Bonuses for manufacturing employees in Oklahoma and Texas…
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A few more examples are here (bonuses and salary hikes in Utah), here (bonuses and wage boosts in Washington State), and here (minimum wage increase in New Jersey). In addition to the tax reform’s catastrophic impact on American businesses (see above), the new law will also reduce taxes for 80 percent of all US taxpayers, including 91 percent of the middle class. If any of this surprises you, you’ve been taken in by the Left’s hyperbolic propaganda machine, which was operating in overdrive in a failed effort to kill the bill.
