AP FACT CHECK: Trump on worker bonuses
WASHINGTON (AP) — A look at one of President Donald Trump’s prepared statements Tuesday night in his State of the Union address and how it compares with the facts:
TRUMP: “Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses — many of them thousands of dollars per worker.” — excerpt of speech released by the White House.
THE FACTS: This appears to be true, but may not be as impressive as it sounds. According to a tally of public announcements by Americans for Tax Reform, a conservative group that supported the tax law, about 3 million workers have gotten bonuses, raises or larger payments to their retirement accounts since the tax law was signed.
That’s about 2 percent of the more than 154 million Americans with jobs. The Labor Department said before the tax package was signed into law that 38 percent of workers would likely get some form of bonus in 2017.
Few companies have granted across-the-board pay raises, which Trump and GOP leaders promised would result from the cut in corporate tax rates included in the overhaul. Many, such as Walmart and BB&T Bank, said they will raise their minimum wages. Walmart made similar announcements in 2015 and 2016.
Find AP Fact Checks at http://apne.ws/2kbx8bd
Follow @APFactCheck on Twitter: https://twitter.com/APFactCheck