Tax Cuts and Jobs Act (TCJA) bonus

[johnpbarlow]

https://www.prnewswire.com/news-release ... 53172.html

This excerpt is provocative:

...Pan Am shares this goal and is committed to future capital investment to foster growth of the company...

[Rockingham Racer]

"Provocative" is an interesting description. I'd use "deceptive".

[Cosakita18]

...Pan Am shares this goal and is committed to future capital investment to foster growth of the company...

yeah how many times have we heard that before? ...not holding my breath.

[YamaOfParadise]

It's almost a disservice to the tax-cut boosters; if there's ever going to be a case of a company that'll pocket money instead of re-investing it, Pan Am is going to be it!

[Backshophoss]

Smoke and Mirrors..............

[bostontrainguy]

PAN AM ISSUES PRESS RELEASE ON TRUMP TAX SAVINGS: In an effort to highlight the benefits of the landmark Tax Cuts and Jobs Act ("TCJA"), Pan Am Systems, Inc. is pleased to announce that it will be issuing a one-time bonus of $1,100.00 to each employee of the company and its subsidiaries, effective today. This bonus is intended to; (a) acknowledge the importance of our employees; and (b) provide those employees with additional compensation to use as they elect. As noted by the President, the TCJA is intended to make resources available for investment by businesses that will have downstream effects of expanding and creating wealth among all citizens. Pan Am shares this goal and is committed to future capital investment to foster growth of the company. Pan Am strongly believes that programs such as the TCJA and the 45G tax credit, supported by continued reduction in overly burdensome regulations, provide substantial incentives for investment in America's growth. (PanAm Railway - posted 5/24)

[fromway]

As long as someone else is paying for it, they like it. What a crock of a press release.

[BandA]

Are they having trouble retaining employees?

[Safetee]

Pan Am is the stepping stone for folks to go to Keolis, Amtrak, and even the FRA.

[emyers]

I find it interesting that theyre purposely citing the trump tax plan, wondering if someone w/in Pan Am is friendly with Donald and helping him out?

[newpylong]

Pan Am is the stepping stone for folks to go to Keolis, Amtrak, and even the FRA.

Mostly on the management side. Not many rank and file "defect" over unless they are green and have no seniority.

[BostonUrbEx]

I can only think of two Transportation managers and one Track manager who have defected. Meanwhile, literally dozens of dispatchers, conductors, engineers, and foremen have made the jump (but mostly lower-seniority folk, as you said).

[MEC407]

I find it interesting that theyre purposely citing the trump tax plan, wondering if someone w/in Pan Am is friendly with Donald and helping him out?

Mr. Mellon et al. have a long history of supporting Republican candidates and elected officials. I'm not sure if they supported Candidate Trump during the 2016 election, but that information should be publicly available if one were to search for it -- although if the contributions were made to a PAC rather than directly to a candidate's campaign, they might be harder to find.