© Chip Somodevilla/Getty Images
Over $200 million will go directly to workers' wages, FedEx said in a statement. Approximately two-thirds of that sum will be devoted to hourly employees, while the remainder will boost incentives for the company's salaried personnel.
FedEx is following that up with $1.5 billion for its pension plan, a voluntary contribution the company said will "ensure it remains one of the best funded retirement programs in the country."
The last $1.5 billion will serve as capital to expand the FedEx Express Indianapolis hub over the course of the next seven years-leading to jobs and community growth. The Memphis SuperHub will also be expanded, with details of the plan set to be announced in the spring.
"FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States," the statement read.
© AP Photo/Steve Helber
According to a regularly-updated list by the nonprofit Americans for Tax Reform, at least 3 million Americans at 265 companies are offering employees bonuses of as much as $3,000. Many companies are matching bonuses with wage increases, charitable donations, and capital investment.
On Thursday, Home Depot revealed it would be giving all its US hourly associates a $1,000 cash bonus.
© Chip Somodevilla/Getty ImagesRepublicans celebrate tax reform.
Under President Trump, general unemployment is at a 17-year low while dipping to all-time lows for blacks and Hispanics.
Additionally, US wages are growing in areas with low unemployment.
House Minority Leader Nancy Pelosi (D-CA) called $1,000 bonuses "crumbs," a sentiment echoed by Rep. Debbie Wasserman-Schultz (D-FL).
Higher wages and bonuses may mean little to beltway elites like Pelosi and Wasserman-Schultz, but America's working class is taking note of improved prospects under the Trump administration.
Reader Comments
Evan Douglas Sayet is a comedian and conservative speaker. He is the nation's leading conservative speaker, an in-demand Master of Ceremony for Republican events. Sayet is the author of The Kinder Garden Of Eden: How The Modern Liberal Thinks And Why He's Convinced That Ignorance Is Bliss.HE FIGHTS....by Evan SayetMy Leftist friends (as well as many ardent #Never Trumpers) constantly ask me if I'm not bothered by Donald Trump's lack of decorum.They ask if I don't think his tweets are "beneath the dignity of the office." Here's my answer: We Right-thinking people have tried dignity. There could not have been a man of more quiet dignity than George W. Bush as he suffered the outrageous lies and politically motivated hatreds that undermined his presidency. We tried statesmanship.Could there be another human being on this earth who so desperately prized "collegiality" as John McCain? We tried propriety: has there been a nicer human being ever than Mitt Romney? And the results were always the same.This is because, while we were playing by the rules of dignity, collegiality and propriety, the Left has been, for the past 60 years, engaged in a knife fight where the only rules are those of Saul Alinsky and the Chicago mob.I don't find anything "dignified," "collegial" or "proper" about Barack Obama's lying about what went down on the streets of Ferguson in order to ramp up racial hatreds simply because racial hatreds serve the Democratic Party.I don't see anything "dignified" in lying about the deaths of four Americans in Benghazi and imprisoning an innocent filmmaker to cover your tracks. I don't see anything "statesman-like" in weaponizing the IRS to be used to destroy your political opponents and any dissent. Yes, Obama was "articulate" and "polished" but in no way was he in the least bit "dignified," "collegial" or "proper."The Left has been engaged in a war against America since the rise of the Children of the '60s. To them, it has been an all-out war where nothing is held sacred and nothing is seen as beyond the pale. It has been a war they've fought with violence, the threat of violence, demagoguery and lies from day one of the violent take-over of the universities till today.The problem is that, through these years, the Left has been the only side fighting this war. While the Left has been taking a knife to anyone who stands in their way, the Right has continued to act with dignity, collegiality and propriety. With Donald Trump, this all has come to an end. Donald Trump is America 's first wartime president in the Culture War.During wartime, things like "dignity" and "collegiality" simply aren't the most essential qualities one looks for in warriors. Ulysses Grant was a drunk whose behavior in peacetime might well have seen him drummed out of the Army for conduct unbecoming.Had Abraham Lincoln applied the peacetime rules of propriety and booted Grant, the Democrats might well still be holding their slaves today. Lincoln rightly recognized that, "I cannot spare this man. He fights..."General George Patton was a vulgar-talking son-of-a-bitch. In peacetime, this might have seen him stripped of rank. But, had Franklin Roosevelt applied the normal rules of decorum then, Hitler and the Socialists would be five decades into their thousand-year Reich.Trump is fighting. And what's particularly delicious is that, like Patton standing over the battlefield as his tanks obliterated Rommel's, he's shouting, "You magnificent bastard, I read your book!" That is just the icing on the cake, but it's wonderful to see that not only is Trump fighting, he's defeating the Left using their own tactics.That book is Saul Alinsky's Rules for Radicals, a book so essential to the Liberals' war against America that it is
and was the playbook for the entire Obama administration and the subject of Hillary Clinton's senior thesis.
It is a book of such pure evil, just as the rest of us would dedicate our book to those we most love or those to whom we are most indebted.Trump's tweets may seem rash and unconsidered but, in reality, he is doing exactly what Alinsky suggested his followers do. First, instead of going after "the fake media" (and they are so fake that they have literally gotten every single significant story of the past 60 years not just wrong, but diametrically opposed to the truth, from the Tet Offensive to Benghazi, to what really happened on the streets of Ferguson, Missouri) Trump isolated CNN. He made it personal.Then, just as Alinsky suggests, he employs ridicule which Alinsky described as "the most powerful weapon of all." ... Most importantly, Trump's tweets have put CNN in an untenable and unwinnable position. ... They need to respond. This leaves them with only
two choices. They can either "go high" (as Hillary would disingenuously declare of herself and the fake news would disingenuously report as the truth) and begin to honestly and accurately report the news or they can double-down on their usual tactics and hope to defeat Trump with twice their usual hysteria and demagoguery. The problem for CNN (et al.) with the former is that if they were to start honestly reporting the news, that would be the end of the Democratic Party they serve.It is nothing but the incessant use of fake news (read: propaganda) that keeps the Left alive.. Imagine, for example, if CNN had honestly and accurately reported then-candidate Barack Obama's close ties to foreign terrorists (Rashid Khalidi), domestic terrorists
(William Ayers), the mafia (Tony Rezko) or the true evils of his spiritual mentor, Jeremiah Wright's church. Imagine if they had honestly and accurately conveyed the evils of the Obama administration's weaponizing of the IRS to be used against their political opponents or his running of guns to the Mexican cartels or the truth about the murder of Ambassador Christopher Stevens and the Obama administration's cover-up.So, to my friends on the Left and the #Never Trumpers as well: do I wish we lived in a time when our president could be "collegial" and "dignified" and "proper"? Of course I do. These aren't those times. This is war. And it's a war that the Left has been fighting without opposition for the past 50 years.So, say anything you want about this president - I get it - he can be vulgar, he can be crude, he can be undignified at times.I don't care. I can't spare this warrior. He fights for America! Fight on you magnificent bastard!