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Thread: USAA Awards 16.2% Employee Bonus, Plus $1,000 to Non-Executives

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    Chris's Avatar Senior Member
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    USAA Awards 16.2% Employee Bonus, Plus $1,000 to Non-Executives

    And yet another example of the consequences of the recent tax cuts.

    USAA Awards 16.2% Employee Bonus, Plus $1,000 to Non-Executives

    More than 32,000 employees of USAA, one of San Antonio’s largest employers, are receiving bonuses equal to 16.2 percent of their base salaries, the company said Tuesday.

    USAA CEO Stuart Parker also awarded a one-time payment of $1,000 to all non-executive employees, according to a news release.

    The 16.2 percent bonus is smaller than the 16.8 percent that employees received for 2016. But the slightly smaller bonus and extra $1,000 reflect how the insurer responded to a record number of disaster-related claims filed nationwide in 2017, company officials said.

    ...The company plans to reinvest its tax savings in its employees and membership in different ways, which may include technology and infrastructure, according to the USAA press release.

    ...

    I don't much like Trump, personally or politically but you have to creadit him for signing off on the tax cuts and his many regulation cuts.

    Sorry skeptics, Trump’s tax plan is actually working wonders

    Not that they needed one, but progressive wing nuts and their fellow travelers are getting another reason to hate President Trump. He’s proving that capitalism works.

    The president’s policies of cutting high taxes and excessive regulations are sparking a stock market surge and soaring economic confidence.

    Each day brings announcements from companies ranging from Apple to Walmart that they are giving bonuses and pay hikes, adding new jobs and increasing their investments in America.

    Millions of workers will get the bonuses, most of which are for $1,000, and untold others will get new or higher-paying jobs.

    Most of those workers also will see their take-home pay increase because they will get personal income tax cuts and a doubling of the standard deduction. Those changes will become apparent in a week or so when the new lower rates are applied to payrolls.

    The cash-in-the-pocket benefits are great news to many families, but the boom is doing something else too: It’s giving the millennials a firsthand lesson in economics.

    Following eight slow-growth years under President Barack Obama and an election where their favorite candidate, Bernie Sanders, railed against the wealthy and promised free stuff for everybody else, many young Americans were taught that socialism is their friend and capitalism their enemy.

    Now they are getting proof that the opposite is true....

    One reason I don't like him politically is his progressive protectionism.

    Trump Repeats the Folly of Protectionism

    Next month, thanks to the tax bill signed by Donald Trump, many Americans will see more money showing up in their paychecks. They should contain their enthusiasm. It won't be long before his trade policy starts removing that money from their wallets.

    On Monday, the president imposed hefty tariffs—taxes, that is—on imported washing machines and solar panels. They will be set at a minimum of 20 percent and a maximum of 50 percent on washers and at 30 percent on solar equipment. Rest assured, the duties will boost prices accordingly.

    That's not a minor side effect; it's the central purpose. By pushing up prices, the Trump administration hopes to make it easier for companies in the United States to compete with overseas firms while also charging more than before.

    The president, whose ignorance of economics is bottomless, has the idea that punishment of foreign producers is the key to our prosperity. His conviction is that when you protect an industry, you cause it to grow, reaping a bounty that will enrich the entire economy.

    It's an old superstition that has been debunked in the real world over and over. A nation does not make itself richer by shutting out goods its people want. High tariffs fleece the broad public to benefit a small class of favored people.

    Consumers will be saddled with higher costs...

    ...Trying to save jobs by curbing imports is always a losing game. When George W. Bush imposed duties on foreign steel, experts concluded, he destroyed some 200,000 jobs in other sectors—exceeding the total employment of the American steel industry.

    Barack Obama chose to ignore that unhappy example. In 2013, he took action against tires from China. But tire-makers in other countries stepped up to fill much of the gap, and the American economy paid a price. A study by the Peterson Institute for International Economics found that consumers paid $1.1 billion and no more than 1,200 jobs in the American tire industry were preserved.

    ...
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Grokmaster (01-29-2018),HawkTheSlayer (01-28-2018),zelmo1234 (01-28-2018)

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    Common's Avatar Senior Member
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    Obama screwed working people for 8 yrs, finally we have a potus that did something for the people that get out of bed everyday and do something for themselves
    LETS GO BRANDON
    F Joe Biden

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    Chris (01-28-2018),Grokmaster (01-29-2018),HawkTheSlayer (01-28-2018)

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    According to Pelosi, its only crumbs.
    Hundreds of millions of dollars of crumbs.

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    Quote Originally Posted by HawkTheSlayer View Post
    According to Pelosi, its only crumbs.
    Hundreds of millions of dollars of crumbs.
    The democrats are scrambling trying to find an anwswer to the tax cut and all the other bad news lately
    LETS GO BRANDON
    F Joe Biden

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    Grokmaster (01-29-2018),HawkTheSlayer (01-28-2018)

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    Quote Originally Posted by Common View Post
    The democrats are scrambling trying to find an anwswer to the tax cut and all the other bad news lately
    One year in and the whole world prospers.
    The social degenerates in Hollywood, Congress, and the MSM seem to be the only sad sacs crying.
    I hope they shed seven more years of tears.

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    Quote Originally Posted by Common View Post
    The democrats are scrambling trying to find an anwswer to the tax cut and all the other bad news lately
    They've decided that flooding the media with "tabloid" nonsense is the answer, apparently....
    De Oppresso Liber



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    Quote Originally Posted by Common View Post
    The democrats are scrambling trying to find an anwswer to the tax cut and all the other bad news lately
    The democrats like to keep people comfortably poor.

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    I don't like Trump's mouth or twitter.
    I don't like Trump's protectionist philosophy.
    I don't like his amnesty proposal. I don't believe that you should reward people for breaking the law; but I would favor a permanent residency status.
    I do like Gorsuch and the other judges that he has picked.
    I do like his tax cut though I am concerned about the deficit. We must cut spending. We must.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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