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Only 17 companies have ‘showered their workers with bonuses’ thanks to Trump’s tax overhaul

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President Donald Trump celebrated the Republican tax cut bill on Twitter, claiming that companies giving one-time bonuses because of the legislation. President Donald Trump has been celebrating the Republican tax bill since its passage last month, claiming that companies are “showering their workers with bonuses” thanks to the tax overhaul.

An analysis by CNN found that only 16 companies in the S&P 500 responded to the tax overall by raising wages, handing out bonuses, or improving benefits. That number rose by one late Tuesday afternoon after Southwest Airlines announced a $1,000 cash bonus.

“It’s good marketing, but you don’t have a trend yet. It’s premature at this point,” said William Klepper, a management professor at Columbia Business School.

CNN noted Wells Fargo is spending only 5 percent of the company’s total tax savings on a wage hike and additional charitable giving.

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“It’s a token compared with what companies are actually saving,” explained Jeffrey Sonnenfeld, senior associate dean at the Yale School of Management. “Where is the rest of the money going?”

Helaine Olen, a Washington Post contributor, explained why such pronouncements by a tiny fraction of companies should not be viewed as signs of a permanently changed economy.

“But bonuses are, by definition, an irregular, voluntary, often one-time event. They are not a firm commitment to better pay. A company can give them once and never give them again,” Olen explained.

“So why did companies make announcements timed to the tax bill?” Olen asked. “This is very likely a strategy to curry favor with a thin-skinned president known to like flattery. If so, it’s working.”

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2020 Election

Bill Maher ‘Real Time’ panel details why Trump will lose in what will be the ‘dirtiest election ever’

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A discussion on the "Overtime" segment of HBO's Real Time on who will come out ahead in the upcoming Democratic debates turned to the general 2020 election which was described as likely becoming the "dirtiest ever."

With conservative George Will seeing Sen. Elizabeth Warren (D-MA) as a standout candidate, comedian Martin Short threw his support behind South Bend Mayor Pete Buttigieg.

"He is incapable of anything coming out of his mouth that isn't impressive, " Short said of the Democratic mayor. "He's going to be phenomenal on television."

"Do you think he can beat Trump? " asked conservative columnist Bari Weiss.

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BUSTED: Ex-GOP state chairman was arrested — for the second time in two weeks

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On Friday, Idaho GOP chairman Jonathan Parker, who stepped down prior to being arrested for stalking, was arrested again. This time Parker was arrested for trespassing.

"Officers made contact with that man and identified him as Parker. Further investigation revealed that there is an active protection order between Parker and a woman living nearby — his estranged wife — and Parker was then arrested and charged with felony stalking. During his arraignment, the judge issued a issued a no-contact order, which bars Parker from getting within 500 feet of his wife," a report from the Idaho Statesman said.

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Impeachment is no longer about ‘registering outrage’ — it’s now about ‘averting an ongoing crisis’: columnist

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President Donald Trump continues to defy presidential norms.

Boston Globe’s Michael A. Cohen wrote that Trump's behavior would be laughable if it weren't so dangerous for Americans. Cohen explained that in one week, President Trump has shown to put his interest above the U.S.

Trump started the week by telling ABC News’ George Stephanopoulos that he would take dirt on a rival from foreign operatives. He also downplayed the threat of North Korea.

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