More Great Economic News From Lowe’s And UPS

More puny crumbs! Pelosi, you might want to close your ears for this one. It’s gonna drive you maaaaaaad!

Lowe’s is handing out bonuses of up to $1,000 to 260,000 employees. (The bonuses will will be based on how long the employee has been working for the company.) In addition, Lowe’s will be expanding benefits. And yes. This is 100% due to Trump’s tax reform.

Via CNBC:

Lowe’s will follow rival Home Depot in giving thousands of its hourly employees a one-time bonus of up to $1,000 due to new tax legislation, according to an internal company memo reviewed by CNBC on Wednesday.

The bonuses will be based on an employee’s length of service with Lowe’s, and more than 260,000 part- and full-time individuals are set to receive the payouts, the company said. Lowe’s declined to comment on how the bonuses would be broken out based on tenure.

Effective May 1, Lowe’s will also be expanding its benefits package for full-time workers to include paid maternity leave for 10 weeks, paid parental leave for two weeks, adoption assistance of up to $5,000, and faster eligibility for health benefits, the memo said.

“We’ll continue to make investments to improve the employee and customer experience,” Lowe’s wrote to its workers.

And wait. It gets better. UPS made a pretty big announcement too. Emphasis mine.

UPS today announced more than $12 billion in investments to expand the company’s Smart Logistics Network, significantly increase pension funding, and position the company to further enhance shareowner value.

“This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act,” said David Abney, UPS Chairman and Chief Executive Officer. “We will increase network investments and accelerate pension funding to strengthen the company for the long term, so that we maximize the benefit to our global customers, employees and shareowners.”

“Through our current and future actions, we will enhance UPS’s position as the leading logistics provider by expanding capacity and technology investments to help customers meet their needs for dependable, day- and time-definite service with enhanced visibility and flexibility,” Abney said.

I love this part. If Pelosi read this, she would probably combust (or chew vigorously).

“We applaud President Trump and Congress for their bold action to improve the U.S. economy,” Abney continued. “Our investments will create new jobs, secure existing jobs and expand opportunities for our people. We are committed to remaining a preferred employer by continuing to provide industry-leading compensation and excellent career opportunities.”

Can’t argue with the results, Dems. Well…you can, but it just makes you look foolish.