Saving Floridians billions of dollars through tax relief
We’re saving Floridians billions of dollars through tax relief. pic.twitter.com/Dqoj43D3Cx
— Ron DeSantis (@GovRonDeSantis) May 7, 2024
We’re saving Floridians billions of dollars through tax relief. pic.twitter.com/Dqoj43D3Cx
— Ron DeSantis (@GovRonDeSantis) May 7, 2024
Companies are hesitant to grant big pay raises; instead, they focus on programs like worker training.
U.S. companies are putting savings from the corporate tax cut to use, but only a fraction of it is flowing to employees’ wallets, new data show. In the months after the December tax-code overhaul that lowered the corporate rate to 21% from 35%, dozens of companies such as Walmart Inc. and FedEx Corp. announced one-time bonuses and wage increases for hourly workers. Those moves earned praise from the Trump administration as evidence the cuts were quickly reaching many Americans. Now, various surveys indicate that most companies aren’t passing the money directly to employees.
A new survey of 152 companies by executive-recruitment firm Korn Ferry International revealed 14% were putting part of their tax-cut savings into base salary increases
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