Thanks to Trump-Republican tax reform, Starbucks passes on higher wages and other benefits to their employees.
Culturally and politically, Starbucks isn’t especially pro-Trump. But the tax reform law benefitted the company’s bottom line. For that reason, Starbucks passes those benefits on to those who work for them.
The fact that Starbucks is giving public testimony about how Trump’s tax reform is helping them and allowing them to help their employees shows that it really must be working.
The Associated Press reports, “Starbucks gives workers raises, stock grants due to tax law.”
Starbucks is giving its U.S. workers pay raises and stock grants this year, citing recent changes to the tax law.
All employees will soon be able to earn paid sick time off, and the company’s parental leave benefits will include all non-birth parents. Starbucks Corp. said Wednesday that the changes affect about 150,000 full-time, part-time, hourly and salaried employees, most of whom work as baristas or shop managers. The new benefits apply to workers at more than 8,200 company-owned stores but not at the 5,700 licensed shops like those found inside supermarkets.
Starbucks is the latest to say it’s boosting pay or benefits due to the passage of the Republican tax plan, which slashed the corporate tax rate from 35 percent to 21 percent.
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