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Big Tax Cut for companies to go back to workers. How much will FDX pay u$?
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<blockquote data-quote="fedx" data-source="post: 3311285" data-attributes="member: 64891"><p>Fred S on Fox Business News today said about increasing wages for employees:</p><p></p><p></p><p>“I am sure we are going to be doing a lot of things as a result of this tax bill, because it was a very, very good policy.”</p><p></p><p>That is what <a href="https://www.bizjournals.com/memphis/search/results?q=Fred S" target="_blank">Fred S</a> — founder, chairman and CEO of Memphis-based <a href="http://companies.bizjournals.com/profile/fedex/103797/" target="_blank">FedEx</a> Corp. — told <a href="https://www.bizjournals.com/memphis/search/results?q=Stuart Varney" target="_blank">Stuart Varney</a>, host of the <a href="http://companies.bizjournals.com/profile/fox-business/184436/" target="_blank">Fox Business Network’s</a> <em>Varney & Co.</em> during a Tuesday, Jan. 16, interview.</p><p></p><p>What exactly those things might be Smith did not say, but he did say the company’s board would need to approve any items before announcements were made.</p><p></p><p>When <a href="http://companies.bizjournals.com/profile/varney/2319178/" target="_blank">Varney</a> asked if FedEx could do something similar to <a href="http://companies.bizjournals.com/profile/walmart/136830/" target="_blank">Walmart</a> and give bonuses to one million workers, Smith responded, “My guess is we will be responsive to the tax bill.” He continued that it might not be in the form of employee bonuses but rather increased wages — something he said FedEx does every year.</p><p></p><p>Varney then asked if tax reform would translate to higher wages.</p><p></p><p>“It could well be,” Smith said. “For the very simple reason that the tax bill corrects something that has been a real problem for American business for years, and that is the punitive tax code that we used to have that dissuaded investment.</p></blockquote><p></p>
[QUOTE="fedx, post: 3311285, member: 64891"] Fred S on Fox Business News today said about increasing wages for employees: “I am sure we are going to be doing a lot of things as a result of this tax bill, because it was a very, very good policy.” That is what [URL='https://www.bizjournals.com/memphis/search/results?q=Fred S']Fred S[/URL] — founder, chairman and CEO of Memphis-based [URL='http://companies.bizjournals.com/profile/fedex/103797/']FedEx[/URL] Corp. — told [URL='https://www.bizjournals.com/memphis/search/results?q=Stuart Varney']Stuart Varney[/URL], host of the [URL='http://companies.bizjournals.com/profile/fox-business/184436/']Fox Business Network’s[/URL] [I]Varney & Co.[/I] during a Tuesday, Jan. 16, interview. What exactly those things might be Smith did not say, but he did say the company’s board would need to approve any items before announcements were made. When [URL='http://companies.bizjournals.com/profile/varney/2319178/']Varney[/URL] asked if FedEx could do something similar to [URL='http://companies.bizjournals.com/profile/walmart/136830/']Walmart[/URL] and give bonuses to one million workers, Smith responded, “My guess is we will be responsive to the tax bill.” He continued that it might not be in the form of employee bonuses but rather increased wages — something he said FedEx does every year. Varney then asked if tax reform would translate to higher wages. “It could well be,” Smith said. “For the very simple reason that the tax bill corrects something that has been a real problem for American business for years, and that is the punitive tax code that we used to have that dissuaded investment. [/QUOTE]
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