Several companies in Nevada are giving their employees bonuses and raises in response to the federal tax reform bill, the Tax Cuts and Jobs Act, according to U.S. Sen. Dean Heller (R-NV).
Heller said more than 200 businesses have committed to giving bonuses, increasing pay, and expanding benefits since the tax cuts were approved in Congress earlier this month.
Among them are the South Point Hotel, Casino & Spa, which doubled its bonuses for full-time employees, and Wynn Resorts, which promised raises and bonuses for workers. Further, Fontainebleau will now resume a stalled hotel project, which is expected to create approximately 10,000 jobs. Other companies that pledged to invest in Nevada employees include Alaska Air Group, AT&T, JetBlue, Sinclair Broadcasting, Southwest Airlines, Wal-Mart, Waste Management, and Wells Fargo.
“It has been a little over a month since President Trump signed our tax relief bill into law and my home state of Nevada is already seeing its positive impact,” Heller said. “Not only will middle-class families see their tax liability reduced, many Nevadans will also benefit from their employer’s decision to increase wages and hand out bonuses. This is particularly important at a time when too many Nevadans are living paycheck to paycheck, childcare expenses are skyrocketing, and real median household income is down $7,000 from 10 years ago.”
He added that Wal-Mart pledged to increase employee wages, give special $1,000 bonuses, and expand maternity and parental leave benefits in Nevada. Additionally, Apple broke ground on a new facility in Reno, which will create 20,000 jobs in the next five years.