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Garren Shipley - February 28, 2018

Two more major Virginia employers are paying out bonuses and investing more in their employees thanks to the Tax Cuts and Jobs Act.
 
CarMax, based in Richmond, will pay from $200 to $1,500 based on time employees have spent with the company. From a company press statement:
 
“'Our success as a company is due to the hard work and dedication of our talented Associates,' said Bill Nash, CarMax President and CEO. 'We are always looking for ways we can support them, and I’m pleased to have this opportunity to thank associates for all that they do every day for our customers and for each other.”'About 80 percent of associates will receive the bonus, which will be distributed in March 2018."
 
Shipbuilders in Newport News are getting a bonus as well, as Huntington Ingalls is giving $500 bonuses to employees, including those at Newport News Shipbuilding. From the Gulfport, Miss. Sun Herald:

"Since the company was formed in 2011, HII has opened new apprentice school facilities at its Ingalls and Newport News, Virginia, shipyards and has spent nearly $100 million a year on workforce development, Petters said."

"The company has reached new labor agreements, to include four-year extensions agreed on in 2017, he said."

"According to his letter, HII has spent more than $40 million on employee educational help, nearly $600,000 in pre-kindergarten and post-secondary scholarships for employees’ children, and given more than $20 million to community projects and organizations.”

Would 2018 Democrat candidates vote to repeal the Tax Cuts and Jobs Act? Perhaps someone should ask.


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