Ever since President Trump signed in the Tax Cuts and Job Acts, Walmart is planning on giving out a one time bonus along with raised wages and expanded benefits to many of it’s employees.
Walmart president and chief executive officer said, “Today, we are building on investments we’ve been making in associates, in their wages and skills development.”
“It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”
“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders. However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology. Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”