- President Donald Trump praised corporations for showing “love” to workers in the wake of the tax bill’s passage.
- At least five major companies have announced bonuses in the wake of the bill getting through Congress.
President Donald Trump on Friday celebrated the passage of his tax plan and its reception in corporate America as a “new source of ‘love.'”
“Our big and very popular Tax Cut and Reform Bill has taken on an unexpected new source of ‘love’ – that is big companies and corporations showering their workers with bonuses. This is a phenomenon that nobody even thought of, and now it is the rage. Merry Christmas!” Trump tweeted.
Though the tax bill was not universally popular leading up to its passage, a cascade of corporations publicly announced bonuses for their employees after it passed through Congress.
AT&T, Boeing, Fifth Third Bancorp, Wells Fargo, and Comcast all announced bonuses following the bill’s passage.
The passage of the tax bill marks the first major legislative victory for Trump, whose agenda has otherwise stalled.
At this point in his presidency, Trump has signed just 53 bills into law — the fewest of any president at this point of any president in recent history.
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