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Yay Tax Reform! Chrysler Gives Bonuses, Moves Back from Mexico
The left is going to hate this. People who work for Fiat Chrysler? The state of Michigan? They just got some really good news. Hefty bonuses. American-made automobiles. It's like Christmas just refuses to end. But leftists still have an agenda to uphold (see Opinion: Democrats Don't Care About You. Their Reaction to Tax Reform Proves It...). Facts? Schmacts!
Fiat Chrysler is moving production of heavy-duty trucks from Mexico to Michigan and paying bonuses to U.S. workers in response to the passage of U.S. tax reform late last year.
The automaker will invest $1 billion in its Warren Truck Assembly Plant to make the Ram Heavy Duty Truck starting in 2020. That truck is currently made in Saltillo, Mexico, where workers will continue to make commercial vehicles.
FCA says the Warren plant will add 2,500 new jobs.
The company also plans to pay $2,000 bonuses this spring to about 60,000 hourly and salaried U.S. employees. Senior executives won't get the bonus.
Here's the part that will really make Nancy Pelosi had a sad face. If not for decades of botox.
FCA CEO Sergio Marchionne says the company should adjust its manufacturing footprint to reflect "improvement in the U.S. business environment." He says employees should also share in the tax savings.
But wait? I thought this tax cut was supposed to benefit the super wealthy at the expense of the working man? We were supposed to get nothing out of this deal? That's what the left told us (see Nancy Pelosi Rips Lower Middle Class Taxes, Employee Bonuses). Boy, is it fun to see them doing damage control right now. While their narrative implodes in plain view.
One by one, company by company, the entire Democrat Party is looking like a pack of monumental dunces for opposing these tax cuts. Maybe they should have dialed the "whatever Trump wants, we're against it" schtick back a little bit. Too bad.
While we're on the subject: