Chipotle Praises GOP Tax Reform, Gives All Employees Bonuses
Following the footsteps of many major corporations and small business in the U.S., Chipotle announced it will give bonuses to all of its employees Wednesday due to the passing of the GOP tax reform bill.
The company will give bonuses ranging from $250- $1,000 to its 71,000 employees across the U.S., according to an announcement which cited the companies savings due to the Tax Cuts and Jobs Act signed by President Donald Trump on Dec. 22. Chipotle will also offer its employees new benefits such as cash and stock bonuses and improved paid parental leave.
“In celebration of its dedicated employees, Chipotle Mexican Grill (NYSE: CMG) announced enhancements to benefits that will reach all of its 71,000 employees. These enhancements, which include special cash and stock bonuses and enhanced paid parental leave, are part of the company’s ongoing commitment to advancing both the professional and personal lives of its employees,” Chipotle said in a statement. “Resulting from savings due to the Tax Cuts and Jobs Act, the new benefits have already begun rolling out to Chipotle employees.”
Chipotle joins dozens of companies across the U.S. that have given their employees benefits the GOP tax bill passed, which dropped the top corporate tax rate from 35 percent to 21 percent. (RELATED: America First: Check Out How 11 Of The Country’s Biggest Companies Are Helping Workers After Trump’s Tax Cuts)
House Majority Leader Nancy Pelosi has called the worker bonuses “crumbs” multiple times since the bill passed.
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