Companies raising wages due to tax bill.

[SunsetBengal]

(01-16-2018, 06:30 PM)fredtoast Wrote: The Detroit Free Press just reported what GM said.  And GM is going to claim it was due to the tax cut because they want even more tax cuts.

Good, give it to them!

That plant is to employ about 2,400 people.  Average line worker makes about #30/hr. = ~$60K/yr.  That's roughly 144M in salaries, putting them into roughly the 28% bracket, meaning those folks will be contributing over 40M in income tax alone to the federal pot.

I'm not sure how you look at things, but from where I come from that's a win.  When you put people to work, they contribute, rather than pull from the pot.  When you reduce the number of mouths to feed from a pot, you don't need as large a pot..