Airlines join banks in dishing Out $1,000 Tax Bill Bonuses
Two US airlines -- American and Southwest -- joined the tide of companies offering employees $1,000 bonuses to mark the tax overhaul Congress put in place for 2018. American Airlines and Southwest announced the bonuses after the close of business Tuesday. AAON, US Bancorp, Commerce Bancshares and Zions Bancorporation were among the companies touting similar moves. Banks, insurers and airlines have led the way on the handouts -- all industries that have important regulatory issues pending with the Trump administration. The moves appear to be an effort to sway public opinion in favor of the unpopular tax bill. Republican legislators pushed to pass the overhaul in December as President Donald Trump’s crowning achievement of 2017. "We applaud Congress and the president for taking this action to pass legislation, which will result in meaningful corporate income tax reform," Southwest CEO Gary Kelly said in the company’s statement. Both carriers said they will make the payments to workers this quarter. The bonuses will total $130m for American, which doesn’t currently pay cash federal taxes because of past financial losses.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-01-03/general/airlines-join-banks-in-dishing-out-1-000-tax-bill-bonuses
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Airlines join banks in dishing Out $1,000 Tax Bill Bonuses
Two US airlines -- American and Southwest -- joined the tide of companies offering employees $1,000 bonuses to mark the tax overhaul Congress put in place for 2018. American Airlines and Southwest announced the bonuses after the close of business Tuesday. AAON, US Bancorp, Commerce Bancshares and Zions Bancorporation were among the companies touting similar moves. Banks, insurers and airlines have led the way on the handouts -- all industries that have important regulatory issues pending with the Trump administration. The moves appear to be an effort to sway public opinion in favor of the unpopular tax bill. Republican legislators pushed to pass the overhaul in December as President Donald Trump’s crowning achievement of 2017. "We applaud Congress and the president for taking this action to pass legislation, which will result in meaningful corporate income tax reform," Southwest CEO Gary Kelly said in the company’s statement. Both carriers said they will make the payments to workers this quarter. The bonuses will total $130m for American, which doesn’t currently pay cash federal taxes because of past financial losses.<br/>
