Democrats are seething the best they could do with the AT&T news was say it was a bonus and not a raise. So now raises are coming too. Astonishing how letting more people keep what they earn spreads the wealth.
Via CNBC:
Fifth Third Bancorp in Cincinnati, Ohio, will pay more than 13,500 employees a bonus and raise the minimum wage for its workforce to $15 after the passage of the GOP tax plan that will cut the bank’s corporate tax rate.
It is the second company to announce a bonus for employees because of the tax plan. AT&T said earlier on Wednesday it would pay 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.
Fifth Third said the tax cut allowed it to reevaluate its employee pay and pass along some of the windfall. Nearly 3,000 workers will see hourly wages rise to $15. The $1,000 one-time bonus is expected to be paid by the end of this year, the bank said, assuming President Trump signs it by Christmas.