January 11, 2018

Today's News from the U.S. Chamber- 1/11/18

Thursday, January 11, 2018 

Tom Donohue, U.S. Chamber of Commerce CEO: Tax bill will usher in ‘new era of growth’ 
The Washington Times

The Washington Times reports, “Tom Donohue, president and CEO of the U.S. Chamber of Commerce, on Wednesday said the GOP’s recently passed $1.5 trillion tax-cut plan is poised to usher in a ‘new era of growth’ for the U.S. economy, which he said is already feeling the effects. ‘The final package wasn’t perfect, but it was pretty darn good, and achieved our priorities of lowering rates for all businesses, instituting an international competitive system of taxation … and allowing for full expensing of capital expenditures,’ Mr. Donohue said at the chamber’s annual ‘State of American Business’ address.”

U.S. business lobby leader says ending trade deals would hit the economy 
Reuters

Reuters reports, “The head of the U.S. Chamber of Commerce said on Tuesday that economic gains made through tax cuts and the lifting of business regulations would be undone if the United States canceled trade deals, including the North American Free Trade Agreement.”

*You can read Tom Donohue’s full remarks from The State of American Business address, here.

Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage 
CNBC

CNBC reports, “Walmart's employees will soon reap the benefits of the recent tax law changes, as the company raises its starting wage, creates new benefits and distributes bonuses to eligible workers. The big-box retailer announced Thursday it will be increasing its starting wage rate for hourly employees in the U.S. to $11, and is expanding maternity and parental leave benefits. Currently, Walmart's starting wage is $9 until workers complete a training program. Then, they receive $10.”

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