U.S. SENATE — U.S. Senator Steve Daines today released the following statement after Walmart announced 3,340 Montanans will benefit from $3.8 million in wage increases and bonuses of up to $1,000 due to the Tax Cuts and Jobs Act passed by Congress last December.
“It’s simple, tax cuts equal more jobs and bigger paychecks,” said Daines.
Click HERE to see a list of major U.S. companies increasing pay and giving bonuses due to tax reform.
Due to the Tax Cuts and Jobs Act Walmart will:
- Increase starting hourly wage from $9 to $11
- Expand maternity and parental leave
- Offer financial assistance for adoption of up to $5,000 per child
- Give one-time bonuses of up to $1,000 to certain employees