Tax reform just keeps getting better. Today in response to the GOP tax cut plan, JPMorgan Chase announced a $20 billion investment plan, including increasing employee wages and creating jobs across the country.
JPMorgan’s announcement follows over 100 U.S. companies investing in the economy thanks to the historic tax relief bill. JPMorgan will give 22,000 employees a 10% average bump in pay, hire 4,000 new employees and open 400 new Chase branch locations.
“JPMorgan’s $20 billion investment is exactly the kind of catalyst needed to grow the economy,” said Caitlin Gallagher, NRSC Press Secretary. “Red state Democrats are still trying to figure out how to message their ill-fated shutdown, and now to make matters worse, have to explain why they voted against more jobs and better pay.”