Billionaire Gives Employees $1.3M in Bonuses After GOP Tax Bill — There Goes That Narrative

ㅤ”Bob Parsons, the billionaire owner of YAM Worldwide, has announced that he will be giving $1.3 million in bonuses to his employees.
ㅤHe made the announcement on Friday and explained that nearly 600 of his employees who had been with the company longer than six months would receive $2,000 and those hired more recently than that would receive $1,000 bonuses. This is all on top of a $500 to $5,000 bonus, based on tenure, that employees at his company received in December.
ㅤParsons stated:
ㅤㅤ’The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy. I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.'”

Full story at The Independent Journal Review, image from ijr(.com) • tax cuts, tax rates, tax reform, taxes, bob parsons, yam ㅤ Home