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No Thanks to Casey: Pennsylvania Seeing Benefits of Tax Bill

Christiana Purves - January 10, 2018

Senator Bob Casey’s vote against tax reform is starting to catch up with him. After the historic passage of the Tax Cuts and Jobs Act, more than 100 companies nationwide have already announced bonuses or pay raises for employees. Pennsylvanians locally are feeling the positive impact following announcements from major U.S. companies with a Pennsylvania presence like Bank of America, as well as Pennsylvania-based companies PNC Financial Services and Comcast, to name a few.

 As Pennsylvania’s middle class continues to see the benefits of this tax bill through more money in their pockets, does Bob Casey really still believe voting against it was the right thing for his state?

 For more on the Tax Cuts and Jobs Act’s impact in Pennsylvania and states around the country, see the latest from RNC Research.

Senator Bob Casey Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Pennsylvania Residents

Senator Bob Casey (D-PA) Voted Against The Tax Cuts And Jobs Act, Calling It An "Insult" To Middle Class Families. "His Democratic counterpart, however, who voted against the plan, issued a statement blasting the bill as a 'tax scheme' and a 'windfall for the wealthy.' 'This is an insult to the many middle class families in Pennsylvania who will pay more in taxes under this scheme while the super-rich and big corporations get a windfall,' Sen. Bob Casey said." (Jonathan D. Silver, "Toomey, Casey Split Votes On Tax Bill, Issue Dueling Statements," Pittsburgh Post-Gazette, 12/2/17)

There Are 2,200 AT&T Employees In Pennsylvania. "More than 2,200 AT&T employees working in Pennsylvania as of June 30, 2017." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)

Bank Of America Has 62 Financial Centers In Pennsylvania. ("Pennsylvania," Bank Of America , Accessed 1/3/18)

After The Tax Cuts And Jobs Act Passed, Comcast Announced It Would Give $1,000 Bonuses To Over 100,000 Employees And Invest $50 Billion Into Its U.S. Infrastructure In The Next 5 Years. "Cable provider Comcast Corp also said it would give $1,000 bonuses to more than 100,000 employees and invest $50 billion over the next five years in its infrastructure." ("AT&T, Two Banks Offer Bonuses, Pay Hikes In Wake Of U.S. Tax Reform," Reuters , 12/20/17)

PNC Financial Services Has 20 Wealth Management Offices In Pennsylvania. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)

Pennsylvania Community Bank, American Bank, Announced That Because Of The Tax Cuts And Jobs Act It Will Give All Of Its Employees A $1,000 Bonus. "American Bank Incorporated (OTC Pink: AMBK), the parent company of American Bank, today announced that it will be giving its employees an additional $1,000 bonus, citing the tax bill that was just signed into law. American Bank, a community bank headquartered in Allentown Pennsylvania, is joined by a list of larger corporations and Fortune 500 companies across the country that have taken this sort of action following the passage of the bill signed by President Trump on Friday that overhauls the U.S. tax code." (Press Release, "American Bank Announces $1,000 Bonus For Employees, Citing Tax Bill," American Bank , 12/22/17)

  • American Bank Employs 60 Pennsylvanians. "American Bank became the first Lehigh Valley business to publicly announce it is paying $1,000 bonuses to its 60 workers in connection with the tax bill signed Friday by President Donald Trump." ("American Bank PA : Among Companies Promising Tax Bill Bonuses To Employees," 4Traders , 12/22/17)

Employees Of Nationwide Insurance Will Receive "A Big Bonus And An Increase In 401(K) Matching" After The Tax Cuts And Jobs Act Was Signed Into Law. "Employees of Nationwide Insurance found out Wednesday they'll be seeing a big bonus and an increase in 401(k) matching from the company. In an email sent to employees, the company announced it will provide bonuses of $1,000 and increase 401(k) matching from 50 percent on the first 6 percent of employee contribution to 50 percent on the first 7 percent of employee contribution. The company said in a statement the one-time bonus impacts approximately 29,000 front-line associates, managers and individual contributors across the country. The 401(k) action impacts approximately 33,000 associates." ("Nationwide Gives Big Bonuses, Credits Tax Reform," KCCI Des Moines , 1/3/18)

  • Nationwide Insurance Has A Location In Harleysville, Pennsylvania . "Historic Harleysville, an idyllic community with a relaxed pace of life and family-friendly atmosphere, sits about 35 miles northwest of Philadelphia. The old Harleysville Insurance company, known for creating strong, lasting relationships with customers, is now part of the Nationwide family. And that legacy continues with our ongoing opportunities there. ("Nationwide Jobs In Harleysville, Pennsylvania," Nationwide Insurance , Accessed 1/8/18)

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