Tobacco giant to give employees $3K bonus, citing tax reform

 

Tobacco giant Altria Group Inc. will dole out $3,000 bonuses to a portion of its employees, citing to the Republican tax-reform plan.

Over 7,000 of the tobacco company's nonexecutive employees will receive a one-time payout, according to the Richmond Times-Dispatch, amounting to $24 million.

The company has also prepared to put $35 million aside for donations to various charity programs, especially those focused on work and youth development, over the next three years.

Altria Group Inc. is the latest corporation to announce windfalls from the tax plan, which slashes the corporate tax rate from 35 percent to 21 percent.

More @ The Hill