Senator Tammy Baldwin’s vote against tax reform is starting to catch up with her. After the historic passage of the Tax Cuts and Jobs Act, more than 100 businesses nationwide have already announced bonuses or pay raises for employees. Wisconsinites locally are feeling the positive impact following announcements from major U.S. companies with a Wisconsin presence like PNC Financial, as well as Wisconsin-based companies Associated Bank and Americollect, to name a few.
As Wisconsin’s middle class continues to see the benefits of this tax bill through more money in their pockets, does Tammy Baldwin really still believe voting against it was the right thing for her state?
For more on the Tax Cuts and Jobs Act’s impact in Wisconsin and states around the country, see the latest from RNC Research.
Senator Tammy Baldwin Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Wisconsin Residents
Senator Tammy Baldwin (D-WI) Opposed The Tax Cuts And Jobs Act, A Bill That She Said Was A "Giveaway To The Wealthiest Few." "A Republican remake of the federal tax code bound for a U.S. Senate vote as soon as next week is being decried by Democratic Sen. Tammy Baldwin as a 'giveaway to the wealthiest few,' while her potential GOP challengers are cheering President Donald Trump's bid for a once-in-a-generation tax-code overhaul." (Mark Sommerhauser, "Tammy Baldwin Calls GOP Tax Bill A Boon For Wealthy; Republican Foes Cheer Donald Trump's Efforts," The Wisconsin State Journal, 11/26/17)
There Are 2,700 AT&T Employees In Wisconsin. "More than 2,700 AT&T employees working in Wisconsin as of Sept. 30, 2017." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)
PNC Financial Services Has 1 Wealth Management Office In Wisconsin. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)
Associated Bank Announced That It Would Pay Workers A $500 Bonus And Raise Its Minimum Wage To $15; Associated Bank Has 3,400 Workers In Wisconsin. "Associated Bank said Thursday it will boost its minimum hourly wage to $15 and pay workers a $500 bonus when the recently passed federal tax reform is signed, making it the first major Wisconsin firm to announce it is joining the list of companies saying their employees will directly benefit from the legislation. The Green Bay-based bank, the largest financial institution headquartered in the state, said it will raise its minimum wage to $15 an hour from $10 - a 50% boost - and distribute the one-time bonus to all hourly, non-commissioned employees once the tax legislation is signed into law. The company said the moves would affect about 55% of its workers. Associated has about 4,400 employees, with 3,400 of them in Wisconsin." ("Associated Bank To Boost Minimum Wage To $15, Pay One-Time Bonuses When Tax Reform Is Signed," Milwaukee Journal Sentinel, 12/21/2017)
A Wisconsin Assisted-Living Business Will Give All Of Its 175 Employees $600 Bonuses, After Congress Passed The Tax Cuts And Jobs Act. "An assisted-living business will give its 175 employees bonuses up to $600 as a result of the tax reform package passed by Congress and signed by President Trump on Friday. Krista Mendyke, who owns Copperleaf Assisted Living with her husband, Jim, said they will give away all of the company's estimated tax savings as a result of the legislation. Copperleaf, which is based in Stevens Point, also has facilities in Schofield, Marathon City, Ripon and Adams." (Mark Treinen, "Wisconsin Business To Award $600 Bonuses To Employees Based On Tax Cuts," Stevens Point Journal, 12/22/17)
A Wisconsin Company, Americollect, Will Give Its 250 Employees A Bonus After Congress Passed The Tax Cuts And Jobs Act . "A Manitowoc-based company will give its roughly 250 employees a bonus following Congress's passage of the tax reform bill the Tax Cuts and Jobs Act. In an email to employees Wednesday, Americollect President and CEO Kenlyn T. Gretz said: 'Today, Congress passed the tax reform bill; our company will be taxed less because of it. Since we will now be taxed less, I wanted to take this opportunity and utilize this financial benefit to give back to each of you, our teammates, by directly impacting your paycheck in the form of a bonus!'" ("Manitowoc's Americollect Says Employees Will Get Tax Reform Bonus | Biz Update," USA Today , 12/21/17)
Budget and Spending Taxes