Last month, Congress passed a controversial new tax bill. This bill angered many Democrats because it will raise taxes for millions of middle-class families. Republicans, on the other hand, applauded the bill because it gives big tax breaks to both small and big businesses. Many Republicans believe that when companies pay less in taxes, they are able to pay their employees more, and therefore, everyone benefits.
Love it or hate it, the new tax bill is already affecting change. The giant retail chain Walmart has long been criticized for not paying its employees enough and for poor worker conditions. Last week, however, Walmart announced that, as a result of the new tax legislation, it will now be able to begin addressing some of these problems. But the relationship between the new tax bill, companies, and the economy is more complicated than it initially seems.
Other companies are making announcements that are similar to the one made by Walmart. Last month, AT&T’s CEO claimed that the new tax bill would stimulate the economy and help create new jobs. To that end, the company recently announced that, thanks to the new bill, it would be giving one-time, $1,000 bonuses to 200,000 employees. However, at the same time, AT&T is also laying off thousands of workers, including nearly 12 percent of its technicians. The terminated employees will be given only three weeks of severance pay.
https://www.washingtonpost.com/news/business/wp/2018/01/11/walmart-to-raise-starting-hourly-wage-to-11-offer-paid-parental-leave/?utm_term=.d6c474a5462d
There is plenty to compare this to in history. Don't forget synthesis.
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