Posted on 02/20/2018 10:00:01 AM PST by 11th_VA
HARRISONBURG, Va. (WHSV) — Employees of F&M Bank were surprised on Tuesday to learn they would receive a bonus, which the institution attributes to additional earnings expected as a result of the GOP tax plan.
"This is an opportunity we haven't seen during my career, as far as cuts in corporate tax rates," said Executive Vice President Neil Hayslett. "Rather than just banking all that, so to speak, we wanted to share it with the employees."
The GOP tax plan cut the corporate tax rate from 35 percent to 21 percent.
Those who work more than 30 hours a week were given a one-time bonus of $1,100 and those who work less were handed $750.
The Timberville-based bank also announced a special dividend to shareholders and the formation of a community fund. During a scheduled training session, the company awarded $250,000 to three community foundations.
Altogether, Hayslett said $1.1 million was given out.
"The fact that we're a 110-year-old bank, $1.1 million was kind of a way of nodding to say thanks for making us successful for that long as a community bank in this market," he said.
But Nancy Pelosi said these are just crumbs......
Feel good story of the day?
There have been dozens of these stories affecting 100’s of thousands of workers.
The big bank I work for did this the day after the tax bill passed for example.
And raised the minimum wage paid to lower tier workers to $15 from $13.50.
They Are paying $15?? That’s what the liberal activists were pushing for. Why aren’t they out there , publicly commending businesses which have taken this step which they say they want to see happen????
Well, the employees got the crumbs.
The stock holders got the dividend increase cake
That’s as it should be
I’m a stock holder of many companies - I’m good with that
"Crumbs" that are better off going to the workers who earned them, and not to fed fatcats who would like nothing better than to steal all our crumbs. Let the workers have their "crumbs", and enjoy the thought of the happiness they'll have receiving them. As for Pelosi, why won't she get deathly sick and go away instead of trying to ruin everything.
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