The Federal Government collected record taxes in January, running a surplus following President Trump's tax cuts.
From CNS News:
The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.
January was the first month under the new tax law that President Donald Trump signed in December.
During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.
Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the month with a deficit of approximately $224,955,000,000.
Read more: (Link: www.cnsnews.com)
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CVS Health has announced it will be raising its hourly wages to $11 per hour from $9 per hour.
From CNBC: CVS Health will increase employee pay and sweeten benefits to some employees using a portion of the company's windfall from the new tax law.
CVS will boost starting pay for hourly employees to $11 per hour from $9 per hour, starting in April. Pay ranges and rates will be adjusted for many of its retail pharmacy technicians, front store associates and other hourly retail employees later in the year. Full-time employees will qualify for as much as four weeks of paid parental leave, and worker health-care premiums will hold steady at current rates.
The health-care company has more than 240,000 employees.
Read more @ (Link: www.cnbc.com)
Bolstered by the strong economy and quickly shifting numbers on tax reform, President Donald Trump's approval rating hit 40% in a new Quinnipiac poll on Wednesday, his best score in this survey in seven months.
A slim majority of voters, 51%, say they approve of how Trump is handling the economy, his highest mark on this question since his inauguration. Seven in 10 American voters, 70%, say the US economy is excellent or good -- the best mark on this question since 2001. Three in four, 75%, have positive views of their own personal financial situations.
This marks at least the fifth recent national survey to show Trump's approval rating climbing over the last two months. (The most recent Gallup and CNN polls also show Trump at 40%, while recent polling from Fox News and Monmouth has also shown Trump's scores on the rise.)
Read more: (Link: www.cnn.com)
Thanks to the GOP tax reform, employees have been receiving all kinds of bonuses from hundreds of employers.
The tax breaks have freed up money and profits that the employers can pass onto their employees.
But out of all the amazing bonuses, one company stands out.
nypost.com reports: It’s fat bonus time for employees of Hostess.
The Kansas City-based snack-cake maker says that starting next week, it will give employees free weekly multipacks of goodies, like Twinkies and Ding Dongs, plus samples of other sugary treats it makes — thanks to the recent tax overhaul.
And the free snacks are just the icing on the cake.
Last Friday, all 1,036 hourly employees were handed $500 in cash, and each is also getting an extra $750 this fiscal year to put toward his or her 401(k) account, a company rep told The Post.
Hostess Brands Chairman Daren Metropoulos said it was the least the company could do after benefiting from the Republican tax bill, which was enacted in December.
Read more @ (Link: nypost.com)
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