The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law

By | January 12, 2018

  • January 12, 2018 at 11:03 am
    Tax Cuts 4 PolaRich Bears says:
    Hot debate. What do you think?
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    Attention: Ron and others who claim the Tax Reform Act of 2017 will add to the deficit, etc. This story provides MORE proof of the faith of highly qualified financial analysts that the TRA-2017 will yield greater rises in GDP. If you disagree, send a personal letter to the CEOs of these two cos. telling them they are idiots. Remember to enclose your credentials in the letter for added force and weight!

  • January 12, 2018 at 2:33 pm
    JMS says:
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    So let me get this straight P bear. The employees of Travelers get $1,000 in bonuses each as a result of a tax roll back that will cost all Americans $1.5 trillion, and they got this bonus from an organization that paid the 2 top execs over $11 million in bonuses in 2016 (see proxy statement). SO the employees get $.50 per hour in bonus money while the big guys get over $2,700 per hour in bonuses.

    You have to love the Making America great again way. Throw the little guy a bone while I become my own Mutual Fund. BTW the $11million is only their cash bonus. It does not include the value of their stock bonus.

    • January 13, 2018 at 11:59 am
      Tax Cuts 4 PolaRich Bears says:
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      Nope. You didn’t get it straight. It’s TRAVELER’S & HARTFORD’S money, not taxpayer’s money. Can’t fool a smarter than average polar bear that easily.

      I’m sad they paid their top execs so little compensation relative to the value they added to their respective companies, on behalf of stockholders. Only a few mortals are able to add value to such complex financial institutions involved in many product lines. Got a 401k? Highly diversified mutual funds? If so, YOU WIN!

      MIRA – Make Investors Richer, Again!

      • January 15, 2018 at 9:57 am
        Agent says:
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        Polar, you can always tell a Progressive poster in about one sentence they type. By the way, the bonuses being paid are just in addition to having larger checks each pay day. Hey Progressives, it is all good.

      • January 15, 2018 at 11:36 am
        Ron says:
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        Please provide PROOF that the debt has gone down since the law was signed.

        Here is my proof that it is still rising:

        http://www.usdebtclock.org/

        “It’s TRAVELER’S & HARTFORD’S money, not taxpayer’s money.” Then why are they crediting the tax cuts? If the US has to borrow money in order to fund the tax cuts that lead to these bonuses, which is the case here, then it is coming from taxpayer money.

      • January 15, 2018 at 6:50 pm
        PolarBeaRepeal says:
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        Hi Ron; enjoy your solo trip down another rabbit hole.

      • January 15, 2018 at 6:52 pm
        PolarBeaRepeal says:
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        @Ron; The Hartford & The Travelers simply don’t send in to the US Treasury as much money in income taxes as they would have if the TRA-17 wasn’t passed. Voila! The money from premiums and investment income is used to pay bonuses, etc. Can’t fool a smarter than average polar bear that easily.

    • January 15, 2018 at 3:51 pm
      Craig Cornell says:
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      So let me get this straight, JMS. During 8 years of Obama there were NO tax cuts for the middle class and NO bonuses as well. But health care costs went way up along with the ACA.

      And you think the current situation is somehow worse?

      There were 3 tax increases on the “rich” during the Obama years, so you must be very happy about that. Even if it did absolutely nothing to help the middle class.

      Oh wait. You care more about hurting rich people than you care about helping regular people? Well in that case, you must be a “Progressive”. . .

  • January 15, 2018 at 12:53 pm
    Einstein says:
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    Perhaps the people that didn’t support Trump will now just donate to a charity their bonuses plus some of the record returns their 401k plans have seen in last 12 months?

    • January 15, 2018 at 6:54 pm
      PolarBeaRepeal says:
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      Nope. They’ll invest it in America, and donate it to charity, and spend some of it to create market demand for certain goods and services OF THEIR CHOICE…. instead of seeing it go to welfare benefits that aren’t means tested, and to Illegal Immigrants who didn’t earn it.

  • January 15, 2018 at 1:49 pm
    Ron says:
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    What blizzard?

    I am not against people getting tax breaks who will put the money into the economy. But when do we start paying down the debt? If President Trump is right, and I have no reason to doubt him, we have been experiencing an improving economy and job growth without borrowing $1.5 trillion.

    Let’s see where the debt is in 3 years and then revisit this debate. If it is down, then I will admit that I was wrong. If it is still increasing, will you admit that you were wrong?

    • January 15, 2018 at 1:58 pm
      CarrierGuy says:
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      The debt will continue to go up as long as Congress continues to spend far more than the taxes they levy. Remember, the President proposes, the Congress disposes.

      We don’t have a budget deficit because our taxes are too low. We have a deficit because Congress spends too MUCH.

      • January 15, 2018 at 2:04 pm
        Ron says:
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        Agreed.

        Which is why I said we need to address spending before tax cuts. That includes the POTUS, regardless of party affiliation.

      • January 15, 2018 at 6:56 pm
        PolarBeaRepeal says:
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        @Ron; tax CUTs were needed FIRST, before spending cuts. You don’t seem to understand why, do you?



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