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Tax cuts lead to raises for Mississippi workers

Photo Courtesy of Telesouth Communications Inc.

Mississippi workers have benefited from last year’s tax cuts.

It’s been nearly a year since President Trump signed one of the largest tax cuts in the country’s history into law, and a recent study by a group called JUST Capital examined their effect on the American economy.

In the report, was a section breaking down the percentage of workers in each state receiving a raise as a result of the tax cuts, and Mississippi is among the highest with over 80% of workers receiving a raise.

Courtesy of the NYT/JUST Capital

In a Facebook post, Governor Bryant praised the President for the cuts, and the rising wages in the state.

Mississippi is among the top states in the nation most likely for workers to receive a raise due to President Donald J. Trump tax cuts, according to the New York Times and research group Just Capital,” the Governor said. “Good things are happening in Mississippi.”

While speaking on the Senate floor in January, Senator Roger Wicker touted the early success of the tax cuts at the time.

“The message is clear across my state and across the country,” Wicker said. “The more money our job creators can save (and the more money they don’t have to send to Washington), the more they can invest in the future of their business and the well-being of their employees.

Back in October, ‘Americans for Tax Reform’ released the following list of companies in Mississippi that gave either bonuses or raises to their employees as a result of the cuts.

Ingalls Shipbuilding (Pascagoula, Mississippi) — $500 bonuses; $300 million in increased capital expenditures; increased pension contributions; increased charitable contributions:The government’s Tax Cuts and Jobs Act has made way for big news at Huntington Ingalls Industries.

Great Southern Wood Preserving, Inc. (Brookhaven, Mississippi) — Significantly increased employee benefits: lower healthcare costs, more paid time off, scholarships, and more:

BancorpSouth Bank (Tupelo, Mississippi) – Pay raises for over 70 percent of employees; $1,000 bonuses for nearly 20 percent of employees.

Entergy Mississippi (Jackson, Mississippi): The utility is passing tax reform savings to customers.

AT&T — $1,000 bonuses to 2,576 Mississippi employees; Nationwide, $1,000 bonuses for 200,000 employees and a $1 billion increase in capital expenditures.

Walmart – Mississippi employees at 78 Walmart stores received tax reform bonuses, wage increases, and expanded maternity and parental leave. Walmart employees who adopt children will be given $5,000 to help cover expenses.

Home Depot — 14 locations in Mississippi – Bonuses for all hourly employees, up to $1,000.

Lowe’s — 3,000 employees at 24 stores and one distribution center in Mississippi. Employees will receive bonuses of up to $1,000 based on length of service; expanded benefits and maternity/parental leave; $5,000 of adoption assistance.

Ryder (Six locations in Mississippi) – Tax reform bonuses to employees.

Best Buy — (Nine locations in Mississippi) – $1,000 bonuses for full-time employees; $500 bonuses for part-time employees.

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

Chipotle Mexican Grill (Oxford, Mississippi) – Bonuses ranging from $250 to $1,000; increased employee benefits; $50 million investment in existing restaurants.

Comcast (Multiple locations in Mississippi) — $1,000 bonuses; nationwide, at least $50 billion investment in infrastructure in next five years.

Starbucks Coffee Company (32 locations in Mississippi) – $500 stock grants for all retail employees, $2,000 stock grants for store managers, and varying plan and support center employee stock grants.

T.J. Maxx – (Ten locations in Mississippi) – Tax reform bonuses, retirement plan contributions, parental leave, enhanced vacation benefits, and increased charitable donations.

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

Dollar Tree, Inc. (Multiple locations in Mississippi) – Nationwide, $100 million investment in raising base wages, enhanced benefits including maternity leave for qualifying employees, and employee training.

FedEx (Multiple locations in Mississippi) – Accelerated and increased compensation; pension plan contributions:

Waste Management Inc. (Multiple locations in Mississippi) — $2,000 bonuses:

McDonald’s (150+ locations in Mississippi) – Increased tuition investments which will provide educational program access for 400,000 U.S. employees. $2,500 per year (up from $700) for crew working 15 hours a week, $3,000 (up from $1,050) for managers, and more.

Wells Fargo (12 locations in Mississippi) – Raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over the next three years.

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