U.S. Rep. Peter Roskam is busy counting all the ways he sees the recently passed Tax Cuts and Jobs Act benefiting workers and presumably spurring the economy.
“One after another, some of our nation’s largest job providers are announcing increased investments in the American economy, increases in minimum wage and substantive bonuses as a result of the passage,” Roskam (R-Wheaton) said in a press release. “Businesses large and small are praising the passage of this historic bill that will provide a much-needed economic boost to this country.”
On the day the bill was passed, Fifth-Third Bank and Wells Fargo announced they would raise their company’s minimum wage to $15 an hour, and Fifth-Third and Comcast have both announced plans to distribute $1,000 bonuses to thousands of workers, according to the press release.
Rep. Peter Roskam
In addition, AT&T has indicated it will grant raises of $1,000 to at least 200,000 workers and invest $1 billion in United States operations, while Comcast said it plans to invest $50 billion in infrastructure over the next five years.
According to the Washington Examiner, more than 100 companies have moved to distribute bonuses to workers.
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