Drudge Retort: The Other Side of the News
Friday, January 26, 2018

FedEx announced wage increases, employee bonuses and pension funding on Friday, citing the new Republican-backed tax-reform plan. The company announced that two-thirds of $200 million in increased compensation will go to hourly employees, while the remainder will be put toward performance-based incentive plans for salaried employees. FedEx also said $1.5 billion will be put toward the company's pension plan and another $1.5 billion would go toward expanding the company's hub in Indianapolis. "FedEx believes the Tax Cuts and Jobs Act will likely increase [gross domestic product] and investment in the United States," the company said on its website.

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FedEx is the latest company to announce benefits as a result of tax reform.

Home Depot said on Thursday it would be giving a $1,000 bonus to employees who have worked at Home Depot at least 20 years, according to CNBC.

Starbucks announced new raises for its employees on Wednesday, while JPMorgan Chase and Disney said on Tuesday they would give their employees raises and bonuses as a result of tax reform.

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But, but, but, tourism is going down!!!

-The DR Left

#1 | Posted by Rightocenter at 2018-01-26 06:18 PM | Reply

RoC; too stupid to understand PR.

#2 | Posted by IndianaJones at 2018-01-26 06:21 PM | Reply | Newsworthy 1

It is fantastic that the overseas money will finally be able to come back to the US (and be taxed!).

#3 | Posted by GOnoles92 at 2018-01-26 08:03 PM | Reply

How many tourists come by FedEx RoC?

#4 | Posted by BruceBanner at 2018-01-26 08:06 PM | Reply

"Home Depot said on Thursday it would be giving a $1,000 bonus to employees who have worked at Home Depot at least 20 years"

All three of them.

#5 | Posted by Danforth at 2018-01-26 08:08 PM | Reply

"and pension funding"

Translation: Pat us on the back for adhering to the law.

#6 | Posted by Danforth at 2018-01-26 08:10 PM | Reply

#2

Indy is still gaping after the punishment he took yesterday I see.

#7 | Posted by Rightocenter at 2018-01-26 08:43 PM | Reply

Chump Change

Bonuses and wage increases have not kept up with the rate of rise of healthcare, just to name one thing...

From 1999 to 2011, healthcare insurance premiums increased 160% ... I've posted this video on the DR a billion times.

And, as far as healthcare expenditures in American going as high as 25% GDP -- with increasing healthcare insurance premiums keeping pace -- is on another healthcare video I posted here on DR about a jillion times.

And healthcare is one example of working and middle-class Americans paying more in trying to keep up with the overall rising costs of living.

#8 | Posted by PinchALoaf at 2018-01-26 08:52 PM | Reply | Newsworthy 1

The lengths that the DR Left go to pretzel themselves to avoid good economic news since January 20, 2017 underscores their total derangement.

Hilarious.

#9 | Posted by Rightocenter at 2018-01-26 08:53 PM | Reply | Newsworthy 3

Chump Change

Not to the employees who are getting the raises and bonuses.

Bonuses and wage increases have not kept up with the rate of rise of healthcare, just to name one thing...

And, as far as healthcare expenditures in American going as high as 25% GDP -- with increasing healthcare insurance premiums keeping pace

And healthcare is one example of working and middle-class Americans paying more in trying to keep up with the overall rising costs of living.

Thanks Obama!

#10 | Posted by Rightocenter at 2018-01-26 08:55 PM | Reply | Funny: 1 | Newsworthy 1

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"Chump Change

Not to the employees who are getting the raises and bonuses"

They must be chumps then, because a thousand bucks is chump change, especially when you're the star of LA Law.

#11 | Posted by snoofy at 2018-01-26 09:13 PM | Reply

"Thanks Obama!'

Medical inflation under Obama was roughly half what it was in the decade prior to the ACA.

Are you trying to look uninformed?

#12 | Posted by Danforth at 2018-01-26 09:49 PM | Reply | Newsworthy 2

It's an honest look.

#13 | Posted by snoofy at 2018-01-26 09:53 PM | Reply

Remember when Obama said this about his tax cut:

"...$40 is real money for working families, as people all over the country told us. That money buys things like school lunches, the gas needed to get to work or visit ailing relatives, & co-pays for doctor visits & essential prescription medicines"

Yea, telling people that $1,000 is chump change is going to get them elected.

#14 | Posted by sawdust at 2018-01-27 08:49 AM | Reply | Newsworthy 2

Forty dollars is real money for working families? You bet. And one hundred and forty is better.

Jackass, since you don't like being called chump.

#15 | Posted by Zed at 2018-01-27 10:53 AM | Reply

--Forty dollars is real money for working families? You bet. And one hundred and forty is better.

Wasserman-schultz in 2011

D Wasserman Schultz

@DWStweets

House GOP refused to extend payroll tax cut yesterday. Senate passed bill 89-10. $40 per paycheck. Tweet what #40dollars means to you.

Medusa in 2018

Earlier today, Wasserman Schultz slammed the $1,000 bonuses being given to employees by corporations due to the GOP tax cuts claiming they don't go "very far."

#16 | Posted by nullifidian at 2018-01-27 11:17 AM | Reply | Newsworthy 1

#18

It just seemed to taste better under Obama!!

-The Left

#17 | Posted by Rightocenter at 2018-01-27 12:27 PM | Reply | Funny: 1

"Home Depot said on Thursday it would be giving a $1,000 bonus to employees who have worked at Home Depot at least 20 years"
All three of them.

#5 | POSTED BY DANFORTH

There's probably plenty but because they were laid off for a month here, a few months there over that 20 years they don't qualify for anything associated with that long term investment in the company.

#18 | Posted by jpw at 2018-01-27 01:06 PM | Reply

FedEx announced wage increases, employee bonuses and pension funding on Friday ...

This has often been followed by the same company announcing big layoffs. Be sure to post that too, Rightocenter.

#19 | Posted by rcade at 2018-01-27 01:12 PM | Reply | Newsworthy 2

I might agree with ROC if even 50% of the benefits these corporations are getting from the so-called tax reform were going to the average worker. But they are not.

These few crumbs of trickle down won't come anywhere near covering their losses from the Republicans assault on the poor that will be needed if they intend to balance the budget.

Real tax reform would have involved closing loopholes on corporate taxes, and giving tax incentives for creating better jobs with repatriated money. Instead they've simply made it easier for them buy back stock and pad their dividend payouts. As said above, for the vast majority of Americans, most of whom don't have enough investment in the markets to get excited about, a $1000 bonus isn't even going to cover the increased cost of their families healthcare.

#20 | Posted by Whatsleft at 2018-01-27 01:44 PM | Reply | Newsworthy 1

Aren't wages deductible as a business expense? So a tax cut would actually not be encouragement to raise wages a tax increase would be so all the hullabaloo about all of this is just fodder to sell the greedy tax cuts which will add trillions to the debt. Wages rose at their fastest rates during eras of highest taxes.
I have stayed out of these self-congratulatory threads designed to sell the greedy tax cuts but I just thought it was time to insert a note of logic.

#21 | Posted by danni at 2018-01-27 02:09 PM | Reply

$500 per employee.

#22 | Posted by snoofy at 2018-01-27 02:20 PM | Reply

I despise Trump, but if you're going to be objective, you're going to have to admit that the country is better off now financially than at any point in the last 20ish years.

Trump may down as the new Bill Clinton.

#23 | Posted by madbomber at 2018-01-27 04:17 PM | Reply

Define "the country."

#24 | Posted by snoofy at 2018-01-27 04:20 PM | Reply

No matter how positive the news comes out, the natural born pessimists [libbies] will always look for that half empty glass.

#25 | Posted by MSgt at 2018-01-27 04:22 PM | Reply

The United States...did you think I was talking about some other country where Trump is president?

#26 | Posted by madbomber at 2018-01-27 04:25 PM | Reply

Do you mean... the American people are better off financially than at any time since the late 90s?

#27 | Posted by snoofy at 2018-01-27 04:32 PM | Reply

No matter how positive the news comes out, the natural born pessimists [libbies] will always look for that half empty glass.

That's because when Liberals drive down the road, they see problems everywhere that need to be fixed. Republicans ignore the problems and try to scheme some way of profiting off of them.

#28 | Posted by madscientist at 2018-01-27 04:41 PM | Reply

Conservatives see problems too. Here's one: "I love Kellyanne Conway, but who is watching her babies?" deadstate.org

#29 | Posted by snoofy at 2018-01-27 04:46 PM | Reply

#28 | POSTED BY MADSCIENTIST

I'm no dirty libby, but "putting things in perspective" is more appropriate then pessimism.

#30 | Posted by rstybeach11 at 2018-01-27 05:26 PM | Reply

*than

#31 | Posted by rstybeach11 at 2018-01-27 05:27 PM | Reply

"Do you mean... the American people are better off financially than at any time since the late 90s?"

Yes.

#32 | Posted by madbomber at 2018-01-27 05:33 PM | Reply

Personal saving rate is about 3% compared to 5% 20 years ago; that doesn't seem better off to me.
fred.stlouisfed.org

#33 | Posted by snoofy at 2018-01-27 06:29 PM | Reply

Really?
Personal savings is your metric on the health of the economy?

Don't you think that something liike median household income might be a better value?

And aren't you the spending guy? The advocate for people spending not saving?

#34 | Posted by madbomber at 2018-01-27 06:37 PM | Reply

"Personal savings is your metric on the health of the economy?"

Not the economy; the American people.

#35 | Posted by snoofy at 2018-01-27 06:43 PM | Reply

--Personal saving rate is about 3% compared to 5% 20 years ago

Maybe they ought to live within their means rather than by credit, and put some money away for a rainy day.

#36 | Posted by nullifidian at 2018-01-27 06:48 PM | Reply

There are zillions of economic metrics. Anyone can find one to prove their point, whatever it might be.

#37 | Posted by REDIAL at 2018-01-27 06:50 PM | Reply

#30 I like to think of it as not being a greedy sociopath.

#38 | Posted by jpw at 2018-01-27 08:45 PM | Reply | Newsworthy 1

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