{"id":707,"date":"2018-01-11T14:13:43","date_gmt":"2018-01-11T20:13:43","guid":{"rendered":"http:\/\/www.employco.com\/blog\/?p=707"},"modified":"2018-01-15T16:03:07","modified_gmt":"2018-01-15T22:03:07","slug":"pres-trumps-tax-cuts-led-wage-hikes-walmart-employees","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2018\/01\/11\/pres-trumps-tax-cuts-led-wage-hikes-walmart-employees\/","title":{"rendered":"How Pres. Trump’s Tax Cuts Led to Wage Hikes for Walmart Employees"},"content":{"rendered":"

Employment trends expert explains why the tax cuts benefited more than just the uber-rich<\/em><\/p>\n

\"\"President Trump\u2019s tax cuts were heavily criticized by Democrats who feared they were merely cuts for the wealthy, but recent decisions by mega-employer Walmart could prove otherwise.<\/p>\n

\u201cChanging the corporate tax rate from 35% to 21% might seem like it\u2019s only a benefit for those in the higher-income bracket, but Walmart has just announced that one million employees are going to receive a new hourly rate as a direct result of the tax break,\u201d says Rob Wilson, President of Employco USA and employment trends expert.<\/p>\n

Wilson also says that full-time and part-time employees will also receive a one-time cash bonus based on their years of service, noting, \u201cEmployees who have been with the company for over 20 years are going to be treated to a $1,000 bonus.\u201d<\/p>\n

The average pay increase for hourly workers will go from $13.85 to $14.50, and Wilson says that employees will not be the only ones who benefit from Pres. Trump\u2019s tax plan.<\/p>\n

\u201cCustomers will likely see lower costs as a result, as well as a higher standard of customer care. Staff will receive better training and see better incentives as a reward for performance,\u201d says Wilson.<\/p>\n

For more on this topic, please contact Rob Wilson at\u00a0rwilson@thewilsoncompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Employment trends expert explains why the tax cuts benefited more than just the uber-rich President Trump\u2019s tax cuts were heavily criticized by Democrats who feared they were merely cuts for the wealthy, but recent decisions by mega-employer Walmart could prove… <\/p>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-707","post","type-post","status-publish","format-standard","hentry","category-employee-benefits"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"\r\nHow Pres. 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So how have these changes impacted the average American worker? \u201cOne thing for sure is that the market loves it,\u201d says Rob Wilson, President of Employco USA and employment trends expert. \u201cWe hit\u2026","rel":"","context":"In "Employee Benefits"","block_context":{"text":"Employee Benefits","link":"https:\/\/www.employco.com\/blog\/category\/employee-benefits\/"},"img":{"alt_text":"Tax Reform","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/TaxReform.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":780,"url":"https:\/\/www.employco.com\/blog\/2018\/02\/12\/new-tax-code-lead-big-boost-gig-economy\/","url_meta":{"origin":707,"position":1},"title":"Why the New Tax Code Could Lead to a Big Boost in the Gig Economy","author":"Employco USA","date":"February 12, 2018","format":false,"excerpt":"Employment expert explains why more workers are freelancing\u2026but is it a good idea? 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The Treasury Department announced the option last week, detailing the new guidelines in a statement that offers a temporary deferral of the\u2026","rel":"","context":"In "Coronavirus"","block_context":{"text":"Coronavirus","link":"https:\/\/www.employco.com\/blog\/category\/hr-solutions\/coronavirus\/"},"img":{"alt_text":"Tax Deferral","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_COVID-19_Sept1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":3376,"url":"https:\/\/www.employco.com\/blog\/2021\/04\/13\/what-employers-need-to-know-about-the-american-rescue-plan\/","url_meta":{"origin":707,"position":4},"title":"What Employers Need to Know About the American Rescue Plan","author":"Employco USA","date":"April 13, 2021","format":false,"excerpt":"Employment trends expert Rob Wilson discusses Biden\u2019s Rescue Plan and what it means for companies President Biden\u2019s \u2018American Rescue Plan\u2019 includes several key changes to employment-related categories. 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