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Bank of America to give $1,000 bonuses to employees - KVOA | KVOA.com | Tucson, Arizona

Bank of America to give $1,000 bonuses to employees

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Trump’s news tax plan, which was signed on Friday, allows the bank to grant a hefty bonus to 145,000 employees.

Bank of America released a memo to its staff and claimed the bonus will apply to employees who make $150,000 or less annually, CNBC reported.

Because of the tax plan's 14 percent reduction for corporations, banks and other applicable companies, like AT&T and Comcast, will see big gains.

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