Melaleuca, an Idaho Falls, Idaho-based wellness company, has decided that the company’s surplus cash gained from the new tax-overhaul bill will be given to Melaleuca employees. The $1.5 trillion tax cut plan for U.S. corporations, signed by President Donald Trump on Dec. 22, is the lowest rate since 1939.
Melaleuca CEO Frank VanderSloot announced via Twitter that Melaleuca employees will receive bonuses of $100 for every year they have been with the company. Melaleuca has approximately 2,000 U.S. employees.
VanderSloot also challenged all Idaho employers to share the wealth from the GOP tax bill and pass along the tax rate cut to those who built their businesses.
“We’re going to have more money in our pocket, and that means we can afford to give our employees more,” VanderSloot said. “I’m challenging all other companies in Idaho to do the same. We’re asking other businesses to step up because everyone is going to see more money in their paycheck. We wouldn’t have our companies without our employees. We ought to share the savings with those who helped get us here. Some might not be able to, but most businesses should be able to afford $100 for each year an employee has worked for the company. But if they can’t afford it, they should at least do half.”
The announcement of the bonuses follows the $2.8 million in loyalty and longevity bonuses that Melaleuca paid all employees last month for reaching landmark anniversaries with the company.