Home Depot Joins Chorus of Companies Handing Out Tax Overhaul Bonuses to Workers

Home Depot Inc. is joining the parade of companies offering cash bonuses to U.S. employees after the federal tax overhaul.The world's largest home-improvement chain will pay hourly workers a one-time bonus of as much as $1,000 in the latest quarter, Home Depot said on Thursday. The move follows legislation last month that lowered the corporate taxes by 14 percentage points -- to 21 percent from 35 percent."This incremental investment in our associates was made possible by the new tax reform bill," Chief Executive Officer Craig Menear said in a statement.Home Depot joins Starbucks, Walmart, Apple and other U.S. corporate giants in devoting some of their expected tax savings to employees. Still, the long-term benefit for workers is less clear. Many of the payouts have taken the form of one-time bonuses rather than permanent raises.  Continue reading...

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