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Big Business Throws a Tax-Cut Bone. Social Bites

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Big Business Throws a Tax-Cut Bone. Social Bites research shows that when social media discusses Tax Bill and Bonus, people used these words: . Based on our research, see the crowd's opinion and sentiment on Tax Bill and Bonus . The data was collected from samples of comments made on the Internet through 12/22/2017. You can intereact with the polling data and see actual excerpts of opinions we've gathered.Use the search box to enter topics, terms, and/or names to see the latest trends and opinion polls on news, sports, politics, entertainment, celebrities, hashtags, products, electronics and more. Opinion polls are updated several times every day on every topic.

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The Republican tax-overhaul bill signed into law last week was a huge boon for already healthy American companies, which will now see a corporate tax rate of 21 percent rather than 35 percent. In a show of appreciation (and public relations), many of those companies are now handing out bonuses to employees, and Social is all for it. AT&T announced $1,000 Christmas bonuses for 200,000 employees, and Comcast similarly declared $1,000 bonuses for workers. A couple of banks—Wells Fargo and Fifth Third Bancorp—said that because of the tax cuts, they would be raising their minimum wage to $15 an hour. That's clearly welcome news, but beyond the optics, it appears that the bulk of the money Big Businesses will save is going elsewhere. “Most companies have said they’ll use the impending cash glut on stock buybacks and rising dividends, both rewards for shareholders who have sent the Dow Jones Industrial Average up by 25 percent this year in preparation for this moment,” a story on Slate said. And besides the bonuses AT&T handing out, it is also firing more than 1,000 employees early next year, according to Newsweek. As journalist Matt Yglesias noted on Twitter, “To give each of America’s 125 million households a $1,000 holiday bonus would cost $125 billion. The tax bill costs $1,500 billion.” Still, no one wants to be the Grinch about bonuses, especially at this time of the year. Over the last three days, “Tax Bill + Bonus” has 74 percent positives. –Alex Shultz

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