More MAGAnomic Winning – FedEx Will Contribute $3.2 Billion to Wage, Pension Benefits, and Capital Investment…

A billion dollars is a thousand millions.   Today, as a direct result of President Trump’s MAGAnomic tax reform, Federal Express has announced they will invest an additional $3.2 BILLION in employee pay raises, bonuses and pension contributions.

Wow.

(Reuters) – Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December.

The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand its hub in Indianapolis over the next seven years and modernize and enlarge its Memphis SuperHub.

The new tax code allows companies to immediately write off the full value of capital costs, which helps make projects more financially attractive, but that benefit starts to phase out in 2023. It also permanently lowers the U.S. corporate rate to 21 percent from 35 percent.

The announcement makes FedEx the latest U.S. company to promise higher pay for workers, citing the tax cuts.

FedEx, which said the recent tax changes would likely boost economic growth and investment in the United States, also said it would contribute $1.5 billion to an employee pension plan.

The company plans more than $200 million in higher compensation, about two-thirds of which will go to hourly employees with the remainder funding increases in performance-based incentive plans for salaried workers.  (read more)

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87 Responses to More MAGAnomic Winning – FedEx Will Contribute $3.2 Billion to Wage, Pension Benefits, and Capital Investment…

  1. Minnie says:

    Boom!!

    Thank you, Mr. President for leading our Blessed America back to prosperity!

    🇺🇸🦁🇺🇸🦁🇺🇸🦁🇺🇸❤️

    Liked by 14 people

    • JLD54 says:

      But Trump tried to fire Mueller, according to four unnamed sources!

      Liked by 7 people

    • JAS says:

      To not even mention all the contractors who will benefit from the the hub expansion! MAGA!

      Liked by 7 people

    • Sylvia Avery says:

      Sniff. Just crumbs for the little people.

      Liked by 7 people

    • kiskiminetas says:

      My wife is a FedEx assistant manager and I want to just say praise the Lord!!!

      Liked by 10 people

    • john70 says:

      Hey, where’s flepore, cause he promised us 4% growth in the 4th quarter.

      Liked by 2 people

      • fleporeblog says:

        john70 I am here and reality hit me across the face on why we won’t get there yet but we will in the future. By the end of 2019. Here is why:

        I am taking the following two statements about the 4th Quarter and the Annual GDP Rates that were just released from the link in my tweet.

        4th Quarter GDP:

        The increase in real GDP in the fourth quarter reflected positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment, exports, residential fixed investment, state and local government spending, and federal government spending that were partly offset by a negative contribution from private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

        2017 Annual GDP:

        The acceleration in real GDP from 2016 to 2017 reflected upturns in nonresidential fixed investment and in exports and a smaller decrease in private inventory investment. These movements were partly offset by decelerations in residential fixed investment and in state and local government spending. Imports, which are a subtraction in the calculation of GDP, accelerated.

        In both cases what is holding our country and economy back is the IMPORTS that we are reliant upon. Notice in the 4th Quarter and for the 2017 year, there was an increase (acceleration) of imports which is subtracted from our totals. Our President and his Killers absolutely understand that this was the plan of GHB, Bill Clinton, GWB and BHO. NAFTA and China becoming part of the WTO are the two creatures that was born and nurtured by these POS.

        The fact our President was able to grow the Economy by 2.3% in 2017 versus BHO 1.5% with imports increasing is a testament to him and his team. Our President is right when he says that growing GDP by 1% adds an additional $2.5 Trillion dollars and an additional 10 million jobs. He nearly accomplished that in hist first year by outpacing his predecessor by 0.8%.

        Realistically, a goal of 3% for the 2018 year is what we should all aim for. The idea of 4% or 5% is not realistic at this time. The reason being our need for imports. We saw Chrysler announce they are closing a factory in Mexico and expanding their factory in Michigan. Campbell Soup is closing their factory in Toronto, Canada and bringing their entire operation back to the US. Samsung and LG are opening new factories in SC and TN this year. Mazda and Toyota are expanding their production in the US with their factory in Alabama.

        If the Mexicans and Canadians don’t agree to our terms with NAFTA, we need to get the hell out of there immediately. This will cause many new announcements of companies coming BACK to the US. Putting these tariffs on solar panels and washing machines may effect the price by $50 but it allows Whirlpool and other US companies an opportunity to compete. Our President will be announcing massive tariffs on steel and aluminum within the next 90 days. Once again it will cost US consumers some additional money but it will bring our steel and aluminum companies back to life.

        Everything I described and much more that will occur that I didn’t mention will truly have AMERICA BACK AND BETTER THAN EVER! Cutting our need on imports has a multiplier effect. Our GDP by 2019 and 2020 will be closing in if not at 4% Annual GDP. By the time our President walks away in January 20, 2025, 5%+ GDP will become the new normal because factories will once again be up and booming like they did before NAFTA and China’s introduction into the WTO.

        Liked by 1 person

  2. Eastwood says:

    3.2 billion sure seems like a lot of “crumbs”.

    Liked by 20 people

  3. John Allen says:

    I work at the wrong place in Memphis

    Liked by 6 people

  4. dufrst says:

    This is all great news! We will see all these bonuses and employee pay increases come out first and then we will see the big stock buybacks which is not a bad thing. That will drive the stock market still higher. Then we will see the big investment in the economy, leading to big growth and job creation.

    With Trump shooting up the economy with deregulation, tax cuts, infrastructure investment, and masssive military spending, this economy is going to expand for many, many years. Trump will make America great again. Greater than ever before!

    Liked by 5 people

  5. booger71 says:

    Ok UPS, your turn

    Liked by 13 people

  6. Midnight Rambler says:

    Maybe I’m dense but it seems as though companies are competing to see who can be the next one to release a press statement concerning all the cool stuff they’re doing. I never saw that one coming….I never figured on that being a outcome of MAGA.

    Liked by 12 people

    • Kent says:

      …me neither but I hope my co. gets the hint…we’re scheduled for bonus distribution in Feb anyway…and we were treated very well during Harvey…

      MAGA!

      Liked by 2 people

      • Tegan says:

        Rambler and Kent…to be honest, I don’t think the WH saw it coming either. In fact, I believe one of the Cabinet members attending the conference said as much.
        I also noted that POTUS immediately pointed out the first year investment tax deductions to one of the companies, which the CEO acknowledged as a big incentive for them.
        WHATEVER…IT’s driving the Dims absolutely nuts. Heh heh

        Liked by 3 people

        • Sylvia Avery says:

          Yeah, at first it was ignored, and then it was mentioned very condescendingly like “of COURSE Trump set this up with certain companies for the publicity” blah blah blah.

          No body is saying ANYTHING like that now. But then holy cow it is like a gusher! Who can keep up??? It is fabulous and every time I hear of someone company giving a raise or a bonus I cheer. I’m not getting anything, but that is okay. I’m THRILLED for everyone who is! This is what winning looks like and I am so happy to see it!

          Liked by 7 people

    • Midnight, POTUS said in his speech at Davos that they didn’t see it coming either!

      Liked by 2 people

    • LetsPlay says:

      Yes, but still a PR ploy. Granted it helps the line workers but companies are using this moment to get positive PR instead of doing their stock buy backs and other moves that benefit only shareholders and executives. All I can say is, “it’s about time!”

      Like

  7. The Boss says:

    Fedex has come a long way since the $22 overnight letter days of the early 1980s. Their Memphis operation is a sight to see if you ever get a chance.

    Liked by 8 people

  8. TreeClimber says:

    “…over the next seven years…” Does it sound to anyone else like FedEx is counting on a two-term Presidency here?

    Liked by 19 people

  9. Marygrace Powers says:

    Liked by 3 people

  10. WSB says:

    Memo to Joe Kernon if you are reading here,

    This is a start to combat income disparity and getting wealth back into the middle class. Lots of ‘Government getting out of the way’ lifts boats. As an experiment, we should think about the Federal minimum wage.

    Liked by 6 people

    • abdiesus says:

      You don’t need to worry about forcing a minimum wage through government coercion/regulation if you have a white-hot job market, which is driving up wages naturally and freely through independent self-interested choices by employers, AND when you don’t have the country over-run with lots of unskilled illegals. Let’s focus on the plan: A BIG BEAUTIFUL WALL, END CHAIN MIGRATION, END CATCH-AND-RELEASE, END VISA-LOTTERY, ENFORCE E-VERIFY, etc. After we’ve done all that and had a chance to see the impact on wages FIRST, then, MAYBE we can see if there are any problems or imbalances. But my guess is if we do everything Trump promised in his campaign and which he has said must be non-negotiable parts of any DACA deal, I don’t think we’re going to have much of a problem with low wages anymore. Especially with the Tax reform bringing so many new jobs back to the US.

      Liked by 9 people

      • WSB says:

        Bingo!

        The thing that hurts, though, is the Federal wage affecting state wage minimum, being too expensive for business owners hiring kids part time out of high school. It was my first time being responsible for someone else’s world.

        If wages are too high for that sector, kids will not be hired and cannot apprentice and learn during their teenage years.

        Liked by 4 people

    • stephenreed says:

      The rationale for a minimum wage is to prevent rural monopoly employers from offering ruinous wages to workers who have no other job opportunities. Unions have the same effect. Trump has political room on this point to drive a wedge between big labor and the democrats.

      I am OK with states leading the way with minimum wage policy, as many workers migrate from high expense states to where the jobs are. Austin, by the way where I live, is booming. No state tax. Oil above $60. And on the Amazon short list for HQ2.

      Liked by 1 person

    • Aguila2011 says:

      I think you mean “capping” the maximums these civil servants can make. Minimum is not the problem, right?

      Liked by 1 person

      • WSB says:

        I am refferring to the minimum wage that affects kids attempting to get their first job.

        If the federal ‘floor’ is raised and the states put a premium on top of the Federal minimum, many business owners will never hire 16 year olds. And that first job at 16 is the most magnificent way to adulthood responsibility.

        Liked by 3 people

  11. calbear84 says:

    Obama WHO?

    Liked by 6 people

  12. Oblio says:

    My company (a very large aerospace firm) just contributed YUGE amounts to our pension fund. #MAGA

    Liked by 13 people

  13. FL_GUY says:

    Each day, more and more happy people receiving tangible results from our President Trump; money talks and BS walks. I personally cannot think of any President in my lifetime that helped so many people so fast. You better believe that millions of working people are grateful for that extra money every month and it’s all because of and thanks to President Trump!

    Liked by 13 people

    • Kent says:

      …the dems poopoo $1000 because their business is stealing millions…the don’t get that to honest folks a grand means something…

      Liked by 6 people

    • piper567 says:

      Republicans are, with any luck, right now working on Ads saying, in Big Bold Letters:
      NOT ONE Democrat Congressman voted for Tax Cuts. NOT ONE.

      Liked by 3 people

      • Aguila2011 says:

        They should be but don’t be surprised if they “fail” to let a good opportunity go to waste because it would give credit to Trump. They will cut off their noses to spite him. And I hope they are gone and replaced in 2018.

        Like

    • “What will you do with an extra 2000 dollars?”

      https://gop.com/paycheck-president/

      “For decades, Democrats have pretended to care about raising American workers’ wages, but now that President Trump’s Tax Plan is finally getting the job done, Democrats refuse to support him.”

      “Voters in FLORIDA, INDIANA, MICHIGAN, MISSOURI, MONTANA, NEVADA, NORTH DAKOTA, OHIO, PENNSYLVANIA, WEST VIRGINIA, and WISCONSIN are wondering why NO Democrats voted to give Americans a raise. Call your Senator now and DEMAND AN ANSWER.”

      With interactive map, contact details for representatives!

      Like

  14. Brian L says:

    I’ll let you know if they start paying me more.

    Liked by 2 people

  15. jmclever says:

    IMHO these companies see the temporary labor shortage coming and are positioning themselves to keep good employees and avoid the pending entrance of people who’ve never held a job and have no idea of what a work ethic is. How many years have skilled and dedicated workers been forced to take the jobs that used to be for young people to learn how to hold down a job and at less than prime hourly rates? Once the good jobs come back, these employees will be snatched away from the companies who benefited from their work ethic and willingness to do whatever it took to provide. So they are raising wages to try and keep them.

    Liked by 10 people

  16. Kristin says:

    Crumbs…. merely crumbs…..
    I just live this. It’s like a beautiful waterfall!!

    Liked by 5 people

  17. Troublemaker10 says:

    I have been totally in awe at the reaction by hundreds of businesses in response to the tax reform. Makes me so proud of our American businesses to see this. It came out of nowhere.

    Liked by 7 people

  18. Too much winning! I’m melting…I’m melting!

    Liked by 4 people

  19. daughnworks247 says:

    Had dinner with Fred Smith and Diane, at their home, during 1990’s Governor’s race. He’s a meat and potatoes guy. Perfect American success story.
    Did you see that he personally emailed Varney a copy of the press release? Nice touch.

    Liked by 2 people

  20. tony5460 says:

    Did the swamps in the commerce department make up the Q4 GDP number? Everyone predicts more than 3% GPD growth!

    Liked by 2 people

  21. Big Jake says:

    Where’s the commentary on Q4 GDP, Sundance?

    Liked by 1 person

  22. Troublemaker10 says:

    Liked by 1 person

  23. average Joe says:

    Butynhg

    Like

  24. ZC says:

    I am So Proud !!! of our President DJT. 🇺🇸

    Liked by 1 person

  25. Now they need to get rid of their offshore developers… why not contract with American companies for development work….

    Like

  26. dogsmaw says:

    Like

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