{"id":755,"date":"2018-01-29T15:30:38","date_gmt":"2018-01-29T21:30:38","guid":{"rendered":"http:\/\/www.employco.com\/blog\/?p=755"},"modified":"2018-02-07T13:40:48","modified_gmt":"2018-02-07T19:40:48","slug":"30-days-trumps-tax-reform-whats-verdict","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2018\/01\/29\/30-days-trumps-tax-reform-whats-verdict\/","title":{"rendered":"30 Days into Trump\u2019s Tax Reform: What\u2019s the Verdict?"},"content":{"rendered":"

Employment trends expert discusses the stats <\/em><\/p>\n

\"TaxIt\u2019s a month since President Trump\u2019s tax reform went into effect. So how have these changes impacted the average American worker?<\/p>\n

\u201cOne thing for sure is that the market loves it,\u201d says Rob Wilson, President of Employco USA and employment trends expert. \u201cWe hit the 26,000 mark for the first-time ever, and it\u2019s also the first time we have ever seen such a fast 1,000 point rise.\u201d<\/p>\n

Wilson also points out that companies like Walmart, Disney, Starbucks, Apple and Verizon have already rolled out bonuses, raises and other incentives to their employees. However, some lawmakers don\u2019t see the value of these bonuses, such as House Minority Leader Nancy Pelosi who scoffed at these \u201ccrumbs.\u201d<\/p>\n

\u201cWhen you look at someone working at Walmart who is making $10 an hour or $20,000 a year, a $1,000 check is far from peanuts. It\u2019s a 5 to 10 percent bonus,\u201d says Wilson, who also points out that Walmart is increasing their wages from $13.85 to $14.50. \u201cThese wages will no doubt be matched by other companies like McDonalds among others as they try to stay desirable in the hiring market.\u201d<\/p>\n

The tax law is having other important changes on the economy.<\/p>\n

\u201cApple has more offshore earnings than any other U.S. company, but now, as a direct result of President Trump\u2019s tax reform, they are going to pay repatriation tax payments of approximately $38 billion to bring that money back home. They are also going to spend tens of billions on domestic jobs, manufacturing and data centers in the future,\u201d says Wilson.<\/p>\n

Also, starting in 2019, individual people will not be penalized for not having insurance. \u201cThe employer mandate for those companies with over 50 full-time employees is still in place, however, this removes the burden from the average American who does not want to be forced into buying costly insurance that they don\u2019t need.\u201d<\/p>\n

\u201cThe bottom line is the tax plan is working,\u201d says Wilson. \u201cMiddle America is directly benefiting from the tax reform, and I expect that unemployment and underemployment numbers will continue to decrease.\u201d<\/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 discusses the stats It\u2019s a month since President Trump\u2019s tax reform went into effect. So how have these changes impacted the average American worker? \u201cOne thing for sure is that the market loves it,\u201d says Rob Wilson,… <\/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-755","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\n30 Days into Trump\u2019s Tax Reform: What\u2019s the Verdict? - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2018\/01\/29\/30-days-trumps-tax-reform-whats-verdict\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"30 Days into Trump\u2019s Tax Reform: What\u2019s the Verdict? - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"Employment trends expert discusses the stats It\u2019s a month since President Trump\u2019s tax reform went into effect. 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The amount of people relying on freelance gigs for their sole salary has increased steadily in recent years. 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It\u2019s crucial for employers to become educated about how these changes will impact their policies moving forward. \u201cNow is the time that employers\u2026","rel":"","context":"In "Coronavirus"","block_context":{"text":"Coronavirus","link":"https:\/\/www.employco.com\/blog\/category\/hr-solutions\/coronavirus\/"},"img":{"alt_text":"American Rescue Plan","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_American-Rescue-Plan.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/comments?post=755"}],"version-history":[{"count":4,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/755\/revisions"}],"predecessor-version":[{"id":775,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/755\/revisions\/775"}],"wp:attachment":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/media?parent=755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/categories?post=755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/tags?post=755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}