The bonuses that companies announced were a major selling point for Republicans after they passed the Tax Cuts and Jobs Act in December 2017. But the tax law, which passed the House a year ago Thursday, has not become more popular, and, adjusted for inflation, worker pay has remained stagnant. But the vast majority of the tax cut compensation changes that companies announced after the tax law passed Congress were for one-time bonuses, most of which apparently will not be repeated. The tax law slashed the rate to 21 percent, so paying a bonus in 2017 meant companies could deduct the value against the higher rate. A supporter of the tax cut law, Portman said he’s heard mostly positive effects after attending roundtable discussions with businesses across the state.

Source: Huffington Post December 20, 2018 00:00 UTC