Friday, January 26, 2018

Trump Triumphs At Davos World Economic Forum And The US Economy Continues To Soar

President Trump Addresses the World Economic Forum


Tax Reform: FedEx Announces $3.2 Billion Investment Plan, Insurance Giant Rolls Out Bonuses and New Benefits

By Guy Benson

If it feels like we've been reporting new, positive pieces of tax reform news virtually every day, that's because we have.  One company after another has been running the math on how the GOP tax law -- opposed by literally every Democrat in Congress -- benefits them, and are moving accordingly to reinvest significant portions of their fresh windfalls into their employees and business plans. 

The result has been millions of American workers experiencing bonuses, wage increases, and enhanced benefits, in addition to expanded operations, new job creation, and hefty corporate charitable contributions.  Another titan of American business has now unveiled its tax reform-fueled investments:

#BreakingNews@FedEx announces more than $3.2B in wage increases, bonuses
— FOX Business (@FoxBusiness) January 26, 2018

Details, via Reuters:

Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December...The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand its hub in Indianapolis over the next seven years and modernize and enlarge its Memphis SuperHub.

The new tax code allows companies to immediately write off the full value of capital costs, which helps make projects more financially attractive...

FedEx, which said the recent tax changes would likely boost economic growth and investment in the United States, also said it would contribute $1.5 billion to an employee pension plan. The company plans more than $200 million in higher compensation, about two-thirds of which will go to hourly employees with the remainder funding increases in performance-based incentive plans for salaried workers.

Bonuses, wage boosts, operational expansion, and more generous benefits.  Here is FedEx's formal announcement. The company employs roughly 400,000 people worldwide.  Over in another sector of the US economy, American Family Insurance has announced its contributions to the ongoing tax reform bonanza.  Congratulations, AFI workers:

The company will use the tax reform to enhance employee benefits and reinforce the company’s commitment to its people for putting customers first and remaining an employer of choice.

In the longer term, customers are expected to benefit, too, with the tax savings impacting pricing. Among the new benefits is a $1,000 one-time bonus for 11,000 employees, excluding officers and the board of directors, at American Family. This bonus is made possible because of the reduction of the federal corporate tax rate in 2018.

The company’s independent contractor agents will also have the opportunity to earn a higher incentive for strong customer satisfaction...Enhanced benefits also extend directly to nonprofits that support communities.

In 2018, American Family will contribute $10 million to its Dreams Foundation which supports programs and provides grants to nonprofits...

Along with these one-time enhancements, the company is making permanent changes to its benefits program – many of the updates are focused on supporting employee education...

Also new, the company’s family leave program will now provide American Family employees with paid leave to care for an ill child of any age or for a spouse or domestic partner. This is in addition to family leave to care for aging parents and the birth or adoption of a child.

It's not just a one-off bonus.  It's stepped-up philanthropy and permanent improvements to employee benefits programs.  Even as these "crumbs" pile up into mountains, positively influencing public opinion along the way, this is an important warning for Republicans to keep in mind:

Last 6 weeks, Congressional Leadership Fund surveyed 69 congressional districts. The tax bill is underwater in 52 districts, and in 50, a plurality of voters believe the tax bill will increase their taxes.
— Alex Rogers (@arogDC) January 25, 2018

There's still an enormous amount of disinformation in the bloodstream about this law, and those myths must be actively tackled and dispelled.

Headlines about the Fed Ex and American Family Insurance developments must be trumpted far and wide.

The drumbeat will not sustain itself, even if the material is there.

And yes, people personally experiencing higher take-home pay due to tax cuts kicking in for 80 percent of Americans will also help matters.

But people have to be reminded of what caused that outcome, especially since majorities do not believe they're going to receive a tax cut from the GOP-passed law. 

They will, no thanks to Democrats, whose lies and fear-mongering should be highlighted and punished.


Conservative Heritage Foundation Rates Trump’s First Year Better Than Reagan’s

By Jim Hoft

News Flash to Conservatives in the Republican Party – According to the Heritage Foundation President Trump did an amazing job in his first year in office – even better than conservative and American icon President Ronald Reagan!

The New York Times reported that the conservative Heritage Foundation ranks President Trump as doing even better than conservative icon President Ronald Reagan in the first year of his Presidency.

The Trump administration has pursued policies that have hewed remarkably close to the recommendations of a leading conservative think tank, the Heritage Foundation, which found in a new review that nearly two-thirds of its ideas had been carried out or embraced by the White House over the past year.

Not one to dwell on the details of governing, President Trump has shown a considerable degree of deference to groups within the conservative movement like Heritage, leading to a rightward shift in social, environmental, immigration and foreign policy.

The results, Heritage found in its review, exceeded even the first year of Ronald Reagan’s presidency, whose tenure has long been the conservative gold standard.”

The Times continued that as the horrible Obama years came to an end –
Heritage began developing in 2016 a list of 334 policy prescriptions that a new Republican administration could adopt. 

It included a variety of actions, like reimposing work requirements for welfare recipients, ending the program that shields young immigrants brought here illegally as children, withdrawing from the Paris climate accord and eliminating certain gender identity protections.

Heritage said that 64 percent of those items were enacted by the administration either through executive order or another means of enforcement, or included in Mr. Trump’s budget, which has not been voted on by Congress.

In Reagan’s first year, only 49 percent of Heritage’s wish list items were embraced by the president or enacted. 

At the time, Heritage identified a familiar problem for why the administration’s policies were wanting. In almost every federal agency, Heritage said in November 1981, “delayed appointments, unqualified or misqualified appointments, or the appointment of individuals who are not committed to the President’s goals and policies” had delayed or thwarted policy changes.”

President Trump incurred his fair share of challenges during his first year but his results were historic.

It’s time for all conservatives and freedom fighters in the US to get behind this President who stands tall in the face of unjust and slanderous attacks from all sides.  President Trump is Making America Great Again!