Senator Joe Donnelly's vote against tax reform is starting to catch up with him. After the historic passage of the Tax Cuts and Jobs Act, more than 100 businesses nationwide have already announced bonuses or pay raises for their employees. Hoosiers locally are feeling the positive impact following announcements from major U.S. companies with an Indiana presence such as PNC, as well as Indiana-based First Farmers Bank & Trust.
As Indiana’s middle class continues to see the benefits of this tax bill through more money in their pockets, does Mexico Joe Donnelly really still believe voting against it was the right thing for his state?
For more on the Tax Cuts and Jobs Act’s impact in Indiana and states around the country, see the latest from RNC Research below.
Senator Joe Donnelly Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Indiana Residents
Senator Joe Donnelly (D-IN) Voted Against The Tax Cuts And Jobs Act Because He Asserted That The Bill Would Not Benefit The Middle Class. "In the video above, Donnelly explains his vote against the tax reform proposal, and the potential impact on the middle class. In a speech this past week on the Senate floor, Donnelly said: 'The reasons I oppose this bill are plain and simple, clear and commonsense: Instead of providing a tax cut that overwhelmingly benefits the middle class, this bill cuts taxes for the wealthiest Americans while raising taxes on a majority of families making less than $75,000 in the coming years.'" (Dan Spehler, "IN Focus: Sen. Donnelly Explains Vote Against GOP Tax Bill," Fox59 , 12/24/17)
There Are 4,500 AT&T Employees In Indiana. "More than 4,500 AT&T employees working in Indiana as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)
PNC Financial Services Has 3 Wealth Management Offices In Indiana. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)
Converse, Indiana's First Farmers Bank & Trust Announced It Would Raise Minimum Wage For New Employees And Provide A $750 Annual Bonus To Full-Time Employees. "In response to the recently passed legislation affecting corporate tax, Gene Miles, President and CEO of First Farmers Bank & Trust recently announced a new corporate wage and community support program that commits to four points of emphasis. 1. Raise the minimum hourly starting wage by $2.50 for all new FFBT employees. 2. Provide a minimum year-end bonus of $750 annually to all full time FFBT employees. 3. Invest a minimum of $250,000 annually to community development and support of local branch markets. 4. Invest a minimum of $150,000 annually to FFBT employee development and education. 'With this special opportunity, we are pleased to further our commitment to our community and to our people. Since 1885, First Farmers has prided itself in supporting the communities in which we serve and our employees are the primary reason for our corporate success and growth,' Gene Miles, President and CEO, First Farmers Bank & Trust." (Press Release, "First Farmers Announces Employee Wage Raise And Community Investment Program," First Farmers Bank & Trust , 12/26/17)
Economy Middle Class