M&T Bank Giving Out Raises

Says GOP federal tax reform is the reason

Richard Root
January 19, 2018 - 3:38 am

Buffalo, NY (WBEN) - M&T Bank announced earlier this week that they are joining dozens of high-profile companies in giving out raises because of Republican tax reform bill that passed last year.

"M&T is making these investments in anticipation of the improvement in after-tax income it expects to recognize as a result of federal tax reform," reads the announcement.

Hourly employees will see their rate start at $14 to $16 per hour, depending on certain conditions.  In all, M&T will invest $25 million in employee raises.

"This is part of the company’s thoughtfully considered and ongoing commitment to provide sustainable career paths and professional growth opportunities for all of its employees."

M&T  also said they will give employees 40 paid hours per year to participate in volunteer or employee group resource activities. 

Other companies giving raises thanks to the tax reform measure include Walmart, American Airlines, AT&T, Bank of America, Comcast, Walmart, and Southwest Airlines.

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