Corporations sharing any of their tax cuts with workers—and they represent just a tiny fraction of the nation’s 26 million businesses, and just a small portion of the Fortune 500—are mostly doing it through one-time bonuses, not wage hikes. One-time bonuses, while welcome, are no substitute for permanent wage increases, which only a much smaller number of corporations have announced.
Many corporations have not provided cost estimates for their bonuses or specified the number of employees that are eligible. In those cases, ATF has estimated these amounts generously, assuming the largest number of employees are eligible for the maximum bonus. For a detailed description of our assumptions, visit the Methodology page.
This spreadsheet includes companies that have announced employee bonuses since the tax law’s passage on December 20, 2017.