(CNSNews.com) - Protective Life Corporation announced Tuesday that it plans to award $1,000 bonuses to most of its employees thanks to President Donald Trump’s tax reform plan.
“Protective Life Corporation today announced new measures to invest in the Company’s employees and its future,” the company said in a press release. It specifically credited the “recent passage of federal tax reform” for the move, saying it would pay “a special $1,000 bonus to approximately 75% of its employees” and establish “a minimum wage across its employee base of $15/hour.”
“Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.,” according to its press release.
White House Press Secretary Sarah Huckabee Sanders announced the decision during Tuesday’s press briefing, pointing out that over 300 companies have announced wage increases, bonuses, and new hires specifically credited to the tax reform plan.
“Many of you probably saw Protective Life Corporation’s announcement this morning. As a direct result of the Trump tax cuts, the Alabama-based company is raising their minimum wage to $15 per hour, and giving a $1,000 bonus to over 2,000 of their workers,” Sanders said.
“For those of you keeping track, we now have over 350 companies that have announced wage increases, bonuses, new hiring, or increased retirement benefits as a direct result of tax reform, which not a single Democrat supported. These announcements have affected over 4 million American workers,” she said.
“The president is working to build an economy that works for all Americans. The tax cuts and reforms are a big part of that, and so is infrastructure,” Sanders added.