Bill Nelson has had a rough few weeks and the bad news for him just keeps on coming. After voting to shut down the government, then voting the other way and upsetting his base, he now has to relive his huge mistake of voting against the tax relief plan that is already benefitting voters.
The latest news comes from Walt Disney Co. who said they will not only give bonuses to employees, but will also invest $50 million into a fund that helps hourly workers with school tuition costs.
Walt Disney Co. employs over 70,000 people in Central Florida. How many press releases do we expect from Nelson as he squirms to explain his vote against tax relief for Florida families?
Disney to Give Employees $1,000 Bonuses in Wake of Tax Reform
Bloomberg
Christopher Palmeri
January 23, 2018 – 2:10 PM
https://www.bloomberg.com/news/articles/2018-01-23/disney-to-give-employees-1-000-bonus-in-wake-of-tax-reform
Walt Disney Co. said it will give employees a one-time cash bonus of $1,000, joining a growing list of companies handing out awards in the wake of federal tax reform.
About 125,000 U.S. employees will be eligible, the company said Tuesday in a statement, putting the cost at $125 million. Disney also plans to put $50 million into a fund to help hourly employees with tuition costs and plans to provide as much as $25 million annually for that purpose afterward.
Federal tax reform, which cut corporate rates to 21 percent, is providing a cash windfall that some employers are choosing to share with workers. Verizon Communications Inc. said Tuesday it’s giving employees stock grants worth about $2,600.