'Nobody Predicted This': Walmart Sharing Tax Cut Savings Via Pay Boost, $1,000 Bonuses
A big announcement Thursday by Walmart prompted Fox Business Network anchor Maria Bartiromo to stress that the economy is "turning a corner" due to the policies of President Trump.
The retail giant -- which is the nation's largest employer -- unveiled a plan to boost pay and give a one-time $1,000 bonus to workers, pointing to the new tax cut legislation as the reason for the move.
On "America's Newsroom," Bartiromo reacted to the move and a new poll showing 66 percent of voters describe the economy as "good" or "excellent." The Quinnipiac University survey also shows voters give credit to former President Barack Obama for the economic boom over President Trump by a nine-point margin.
Excited to share some news today! We’re raising our starting wage for all hourly associates in the U.S., expanding benefits & offering a one-time bonus! Learn more from CEO Doug McMillon: https://t.co/vgBJ1KRLB6 pic.twitter.com/pPEdZCYSr1
— Walmart (@Walmart) January 11, 2018
Bartiromo said businesses were "sitting on cash" during the Obama years due to onerous regulations, but they are now hiring more workers and investing in their companies.
The "Mornings With Maria" host said "nobody predicted" that companies would respond to the Republicans' tax cuts with bonuses for their employees.
"This is part of the tax plan impact," she explained, noting that many other businesses are taking the same actions to "share" the savings with their workers.
Earlier this week, a bank CEO said on Fox News that his firm would give a $1,000 cash bonus to all employees and increase its minimum wage to $15 per hour.
Watch her analysis above.