Democratic House leader Nancy Pelosi dismissed the Trump effect on the economy as “crumbs.” Now even Starbucks employees are feeling the effects, maybe she should ask them how they feel.
The public perception of the Republicans’ $1.5 trillion tax cut continues to improve and it’s easy to see why. There is a growing list of businesses across the country who are passing their massive tax savings onto their employees. Starbucks joins that list.
Starbucks specifically called out the GOP’s tax reform bill as the reason they will be givin their employees pay raises and stock grants. To trigger the left further, Starbucks is using their savings to help their employees with some pro-family measures.
Per The Seattle Times:
All employees will soon be able to earn paid sick time off, and the company’s parental leave benefits will include all non-birth parents. Starbucks Corp. said Wednesday that the changes affect about 150,000 full-time, part-time, hourly and salaried employees, most of whom work as baristas or shop managers. The new benefits apply to workers at more than 8,200 company-owned stores but not at the 5,700 licensed shops like those found inside supermarkets.
Per Daily Wire:
The pay raise will begin in April, which the Times notes is the second increase employees have enjoyed this year. Baristas currently make just under $10 an hour. Employees at stores, bean roasting plants and support centers will all receive at least $500 in Starbucks stock on top of what they were set to receive this year. The additional paid sick time begins to accrue in July.
The total cost to the company for the changes is over $250 million, which they can afford because of the massive tax break given to them by the Republicans and signed into law by Trump.
As The Daily Wire has chronicled, the number of companies, many of them major corporations, passing down the benefits of the Republicans’ slashing of the corporate tax rate from 35% to 21% continues to grow. Here’s the current list from Americans For Tax Reform.
The Seattle Times also notes some other positive developments from the Trump economy motivating retailers to give their workers a boost. “Larger employers are having a hard time attracting and keeping workers because of historically low unemployment rates,” the Times reports.
Even liberal Seattle and liberal Starbucks is coming to terms that this tax reform was great for business. The Starbucks employees are getting to enjoy the benefits firsthand.
Nancy Pelosi has not yet commented on the Starbucks enjoyment of the GOP’s tax reform bill.
— Sarah Sanders (@PressSec) January 17, 2018
Check out some other responses from Twitter:
— AP Business News (@APBusiness) January 24, 2018
— CNN (@CNN) January 24, 2018
Starbucks giving workers $250 million in added pay and benefits, including stock grants, “accelerated by recent changes in U.S. tax law.”https://t.co/vJ94qcwj0b
— Jonathan Maze (@jonathanmaze) January 24, 2018
STARBUCKS WORKERS GET RAISES
— ANTI SCHOOL +++ (@antischool_ftw) January 24, 2018
Starbucks to boost worker pay and benefits after US lowers corporate taxes
— JR (@jordie_ray) January 24, 2018
Due to gov't policies in the US, Starbucks is giving US employees pay raises, added benefits and additional discounted stock. In Canada due to gov't policies Tim Hortons is cutting benefits and paid breaks. Way to run a railroad Liberals.
— sfehir 🇨🇦 (@smfehir) January 24, 2018
— 🇺🇸 Consmover 🇺🇸 (@consmover) January 24, 2018
⚠️ Liberals are going to Lose their minds today! STARBUCKS Massive Pay Raise Directly because of President Trump's tax cuts. Starbucks is accelerating investments by increasing employee pay & spending $250 Million on US Growth and Retention. #MAGA #ReleaseTheMemo
— Matt Couch 🎙 (@RealMattCouch) January 24, 2018