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doc03

(35,337 posts)
Wed Dec 20, 2017, 08:24 PM Dec 2017

Walmart announced minutes ago they are going to pay

a minimum of $15 an hour and provide free health insurance
to all their employees as of January 1st 2018. They believe that is the right thing to do
with the money they will save from the tRump tax scam.

15 replies = new reply since forum marked as read
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Luz

(772 posts)
9. But, hey, per Gary Cohn 1k is an incredible amount...
Wed Dec 20, 2017, 08:56 PM
Dec 2017

If we allow a family to keep another thousand dollars of their income, what does that mean? They can renovate their kitchen, they can buy a new car, they can take their family on vacation, they can increase their lifestyle," he said. "That's what our tax plan has to do."

 

Hoyt

(54,770 posts)
8. Truthfully, if Walmart gave its 2.2 Million employees every dollar of tax savings from the rate cut
Wed Dec 20, 2017, 08:49 PM
Dec 2017

Last edited Wed Dec 20, 2017, 10:36 PM - Edit history (1)

it would only amount to $1,305 annually per employee.

($20,497,000,000 Earnings before Taxes X 0.14 rate cut) / 2,200,000 employees = $1,304.35.


That's something, but not as much as I would have thought.

applegrove

(118,659 posts)
14. Well i'm glad the Walmart family has finally decided they don't need
Thu Dec 21, 2017, 12:51 AM
Dec 2017

all the money and that goodwill actually means something.

Greybnk48

(10,168 posts)
15. In Wisconsin, new employees at Walmart
Thu Dec 21, 2017, 03:17 AM
Dec 2017

are shown how to sign up for Badger Care (used to be welfare) as part of their orientation. They've done that for years here and at Sam's Club too.

 

Kirk Lover

(3,608 posts)
13. I must say these corporations are putting on quite the show. I can't wait for my job to just offer
Thu Dec 21, 2017, 12:49 AM
Dec 2017

up company wide raises. They could afford it before this tax heist having 20 million in premium. I sure ain't holding my breath because it's not going to happen. Just a show from the big boys....and the final act is coming soon and we won't hear any more about this.

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