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...

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