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North Dakota Examples of Tax Reform Benefits

Jun 22 2018

Let’s celebrate: Six-month anniversary of tax cuts!

Thanks to the Tax Cuts and Jobs act brought to you by the Republican majority and President Trump, 90 percent of earners have more money in their paycheck. Wages and bonuses are also already being delivered by companies of all sizes.

Here are some direct examples from the North Dakota business community:

Scheel’s
$1,000 and $500 bonuses; investment in new stores, increased charitable donations

Montana-Dakota Utilities Co.
Pass along tax reform savings to customers resulting in lower utility bills every month

Gate City Bank
$1,000 hand-delivered bonus checks to 538 non-management personnel; $500,000 higher charitable giving; $500,000 worth of free home appraisals

AT&T
$1,000 bonuses to North Dakota employees; nationwide, $1 billion increase in capital expenditures

Best Buy
With five locations in North Dakota, $1,000 bonuses for full-time employees; $500 bonuses for part-time employees

U Haul
With several locations in North Dakota – $1,200 bonuses for full-time employees, $500 for part-time employees

Starbucks Coffee Company
With 13 locations in North Dakota, Starbucks is delivering $500 stock grants for all retail employees, $2,000 stock grants for store managers, and varying plan and support center employee stock grants

McDonald’s
With over 25 locations in North Dakota – Increased tuition investments will provide educational program access for 400,000 U.S. employees with $2,500 per year (up from $700) for crew working 15 hours a week, $3,000 (up from $1,050) for managers

Comcast
With multiple locations throughout North Dakota, $1,000 bonuses; nationwide, at least $50 billion investment in infrastructure in next five years

Wells Fargo
With 19 locations in North Dakota, raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over the next three years
 
As you can see, these tax cuts benefit all North Dakotans and allow business—big & small—to invest their profits back into their employees. There’s no disputing it: The Tax Cuts & Jobs Act has been a great deal for North Dakotans.

 

More information:
North Dakota Examples of Tax Reform Good News

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