Sinclair Broadcasting Group, America’s largest television station owner, announced it will award bonuses to their employees on Friday, due to the savings it will realize from the reduced corporate tax rate in the newly passed Tax Cuts and Jobs Act.
According to a company news release, Sinclair will pay bonuses of $1000 to almost 9,000 full-time and part-time regular employees at all its stations and subsidiaries, excluding senior level executives.
“We are grateful to our President and legislature for passing the landmark Tax Cuts and Jobs Act and are excited about the benefits it will provide for our country’s economy, our Company, and our employees,” Sinclair Broadcasting President and CEO Chris Ripley said in the news release. “We recognize that our employees are our most valuable resource, truly appreciate their combined achievements for our Company and look forward to a very bright future.”
Sinclair has faced criticism that some of its station owners and managers have chosen to broadcast programming that is not sufficiently critical of this administration due to its support of President Donald Trump.
In July, New York Magazine’s Gabriel Sherman contended, “Sinclair really wants to build the future of a conservative media empire,” as they entered talks with conservative commentator Bill O’Reilly, formerly of Fox News.
Sinclair joins the growing trend in corporate America of companies utilizing savings gained from the Tax Cuts and Jobs Act to award bonuses to employees. According to Breitbart News, Bank of America, Boeing, Fifth Third Bank, Comcast, AT&T, Wells Fargo, and other companies announced bonuses for or other major investments in American workers immediately following the passage of the Republican’ tax reform bill.
Democrats continue to criticize the plan, contending that it favors corporations and the rich. Senator Elizabeth Warren, D.-Ma., called the awarding of bonuses to employees “plain old politics.”
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