Wal Mart Announces $11 Minimum Wage And Employee Bonuses Because Of President Trump’s Tax Cuts

Wal Mart is giving their employees raises and bonuses, crediting President Trump’s tax cut as the reason why.

Wal Mart joins a series of other companies like Boeing and AT&T who have rewarded employees after President Trump’s historic tax cut and reform package was signed into law.

According to USA Today:

“Walmart is boosting the minimum hourly wage for its U.S. employees to $11 and dishing out bonuses of up to $1,000, crediting President Trump’s tax cut for enabling the move.

The increase for the nation’s largest private employer also comes amid political pressure to bolster minimum wages and comes amid a hot streak for the retailer.

The big-box store chain, which has more than 1 million U.S. hourly employees, will reap a windfall from the U.S. corporate tax rate cut from 35% to 21%.

The move also comes amid a 17-year low for the U.S. unemployment rate, which has intensified competition for workers.”