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Big companies are hiking up wages. The tax bill probably isn’t to thank.

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13.01.2018

ALL OVER America, it seems, giant companies are passing out benefits, crediting the newly enacted tax law for enabling their largesse. Southwest Airlines awarded $1,000 bonuses to its employees; three competitors followed. Fiat Chrysler offered 60,000 hourly workers $2,000 bonuses and announced plans to move some production from Mexico to Michigan. Several utilities have plans to pass on their tax savings in the form of lower rates for electricity. And Walmart, employer of 1 million, announced a new $11- per-hour minimum wage, up from $9, and bonuses ranging from $200 to $1,000; it’s a total of $700 million, or about a third of the tax cut the company expects in 2018.

The Trump administration and the Republican lawmakers say this disproves critics who said their bill lavished a big helping of tax relief on corporations and the rich, with only meager gains for........

© Washington Post