Tobacco giant to give employees $3K bonus, citing tax reform

Tobacco giant to give employees $3K bonus, citing tax reform
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Tobacco giant Altria Group Inc. will dole out $3,000 bonuses to a portion of its employees, citing to the Republican tax-reform plan. 

Over 7,000 of the tobacco company's nonexecutive employees will receive a one-time payout, according to the Richmond Times-Dispatch, amounting to $24 million.

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The company has also prepared to put $35 million aside for donations to various charity programs, especially those focused on work and youth development, over the next three years. 

Altria Group Inc. is the latest corporation to announce windfalls from the tax plan, which slashes the corporate tax rate from 35 percent to 21 percent.

Home Depot, Starbucks, Disney and JPMorgan Chase have also announced new raises and benefits for their employees due to the new legislation. 

President TrumpDonald TrumpOhio Republican who voted to impeach Trump says he won't seek reelection Youngkin breaks with Trump on whether Democrats will cheat in the Virginia governor's race Trump endorses challenger in Michigan AG race MORE signed the bill into law last year and has touted the plan's benefits.