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Florida Armageddon

Taryn Fenske - June 22, 2018

It was supposed to lead to “the end of the world.” (Yes, Nancy Pelosi predicted “Armageddon.”) But on the 6th month anniversary of President Trump signing the Tax Cuts and Jobs Act into law:

And don’t forget about all of the crumbs in Florida:

Arthrex Inc. (North Naples, Florida) – Pay raises and $1,000 bonuses

Florida Concrete Unlimited (Miami, Florida) – Pay raises for all employees and higher year-end bonuses due to tax reform

Primrose School of South Tampa (Tampa, Florida) – Salary increases; playground upgrades; educational hardware and software investments; upgraded classroom flooring

Don Ramon Restaurant (West Palm Beach Florida) -- The Cuban restaurant gave bonuses and pay raises and in addition to installing new coffee machines and refrigerators will renovate and expand

Jones Auto & Towing (Riverview, Florida) – the company, which provides 24-hour wrecker service, roadside assistance, emergency towing, and fuel delivery etc. will put two additional trucks into service, which will add two more full time jobs

Joseph’s Lite Cookies (Sebastian, Florida) – $3,000 - $4,200 salary increases, new computer systems, new product packaging

Cogent Building Group (Santa Rosa Beach) --$2,000 bonuses for all four employees

Tampa Electric (Tampa, Florida) – The utility company is passing tax reform savings to customers

Duke Energy Florida (St. Petersburg, Florida) – The utility company will pass along tax savings to customers

Harris Corporation (Melbourne, Florida) -- Each of the 17,000 non-executive employees will receive 10 shares of common stock which will vest over two years. 10 shares of stock is currently worth $1,470; additional $300 million contribution to employee pension fund; $20 million in innovation investments

T.J. Maxx (91 stores in Florida) – tax reform bonuses, retirement plan contributions, parental leave, enhanced vacation benefits, and charitable donations

Ryder (Headquartered in Miami, multiple retail location in Florida) – Tax reform bonuses for all non-incentive bonus eligible employees, totaling $23 million

RGF Environmental Group, Inc. (Riviera Beach, Florida) -- $1,000 bonuses

Spellex Corporation (Tampa, Florida) -- $1,000 bonuses for all 26 full-time employees

The Flood Insurance Agency (Gainesville, Florida) -- $1,000 bonuses for 17 full time employees

CenterState Bank (Davenport, Florida) – $1,000 bonuses to non-officer employees

AT&T  -- $1,000 bonuses to 13,331 Florida employees; Nationwide, $1 billion increase in capital expenditures

Fleet Advantage (Fort Lauderdale, Florida) – New options for customers thanks to immediate business expensing in the tax bill

Apple (18 Apple store locations in Florida) --$2,500 employee bonuses in the form of restricted stock units; $30 billion in additional capital expenditures over five years; 20,000 new employees will be hired; increased support of coding education and science, technology, engineering, arts, and math; increased support for U.S. manufacturing

Cintas (Multiple locations in Florida) -- $1,000 bonuses for employees of at least a year, $500 bonuses for employees of less than a year

Walmart --​ 67,500 Floridians employed at 328 Walmart stores will receive tax reform bonuses and wage increases and expanded maternity and parental leave. Walmart employees who adopt children will be given $5,000 to help cover expenses

Lowes 21,000 employees at 123 stores and two distribution centers in Florida. Employees will receive bonuses of up to $1,000 based on length of service, expanded benefits and maternity/parental leave; and $5,000 of adoption assistance

Home Depot -- 153 locations in Florida, Florida-based Home Depot employees will receive bonuses of up to $1,000

Starbucks Coffee Company (Multiple locations in Florida) -- $500 stock grants for all Starbucks retail employees, $2,000 stock grants for store managers, and varying plan and support center employee stock grants, totaling more than $100 million nationwide in stock grants; 8,000 new retail jobs; an additional wage increase this year, totaling approximately $120 million in wage increases, increased sick time benefits and parental leave

Biscayne Bay Craft Brewery (Miami, Florida) – Hiring two new employees and purchasing new equipment

Our Town America (Clearwater, Florida) – Raise wages, hire new employees, and purchase new equipment

U-Haul (Multiple locations in Florida) – $1,200 bonuses for full-time employees, $500 for part-time employees

Bank of America (Multiple locations in Florida) Florida-based employees of Bank of America will receive $1,000 bonuses

Comcast (Multiple locations in Florida) -- $1,000 bonuses; Nationally, at least $50 billion investment in infrastructure in next five years

FifthThird Bancorp (150 locations in Florida) $1,000 bonuses; base wage will increase to $15 per hour

Wells Fargo (614 bank locations in Florida) -- Base wage raised from $13.50 to $15.00 per hour; $400 million in charitable donation for 2018; $100 million increased capital investment over next three years

Walt Disney Company -- Florida-based Disney employees will receive $1,000 bonuses and benefit from the nationwide $50 million investment in employee educational programs.

Source: Americans for Tax Reform

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