90 Miles From Tyranny : Citing Tax Cuts, McDonald’s Serves Up Tuition Benefits for Employees

Monday, April 2, 2018

Citing Tax Cuts, McDonald’s Serves Up Tuition Benefits for Employees

Fast-food icon McDonald’s will supersize its 3-year-old education benefits program for hundreds of thousands of employees.

McDonald’s Corp. will allocate $150 million over five years to its global Archways to Opportunity education program, tripling tits reach, the restaurant giant announced Thursday.

“This investment will provide almost 400,000 U.S. restaurant employees with accessibility to the program as the company will also lower eligibility requirements from nine months to 90 days of employment and drop weekly shift minimums from 20 hours to 15 hours.”

McDonald’s is one of 472 companies, and counting, that have announced benefits such as pay raises, bonuses, utility rate cuts, or 401(k) hikes since Congress passed the tax cuts supported by President Donald Trump, according to Americans for Tax Reform.

Among other changes, the Republican tax overhaul, which went into effect Jan. 1, reduced the federal corporate tax rate from 35 percent to 21 percent.

The Archways to Opportunity program gives eligible McDonald’s employees in the U.S. a path to obtain a high school diploma, acquire assistance for college tuition, learn English as a second language, and access education counseling without cost.

Some education benefits will be available to family members of employees, McDonald’s said.

“These enhancements underscore McDonald’s and its independent franchisees’ commitment to providing jobs that fit around the lives of restaurant employees so they may pursue their...Read More HERE

1 comment:

tsquared said...

Mike, I need more info on the " tripling tits reach" part at McDonald's. I haven't been in one for 30 years. Do they have something beside fast food there?