Press Releases

More than 14,000 Jobs Created in the Silver State Since Tax Overhaul, Costco Increasing Nevadans’ Wages

WASHINGTON – As the six month anniversary of passage of the Tax Cuts and Jobs Act nears, U.S. Senator Dean Heller (R-NV) today highlighted Nevada’s impressive job growth since tax reform was enacted and applauded retailer Costco for its recent announcement to increase Nevadans’ wages. 

According to Bureau of Labor Statistics report, more than 14,000 jobs have been created in Nevada since the historic tax relief legislation was signed into law in December of 2017. Heller helped craft and pass into law the Tax Cuts and Jobs Act as a member of the tax-writing U.S. Senate Finance Committee, and secured a provision that doubled the Child Tax Credit from $1,000 per child to $2,000 per child, giving hardworking families a much-need break. 

And building on more good news, Costco recently announced that it is boosting nearly 130,000 U.S. workers’ wages as a result of the company using some of its savings from tax reform. More than 1,890 hourly employees in Nevada will receive higher wages effective June 11th. The wholesaler has seven warehouses in the Silver State. 

Costco’s pledge follows similar announcements made by Walmart, McDonald’s, CVS, UPS, Best Buy, and Lowe’s Home Improvement, among many others, that employ thousands of Nevadans and have announced special bonuses, pension funding increases, or expanded benefits – like adoption assistance, education benefits, and paid parental leave – for their workers.

“No matter where you look in Nevada, tax reform’s positive impact on workers and businesses is clear: more jobs, more take-home pay, and more capital for mom and pops, startups, or local businesses to expand and grow,” said Heller. “Tax reform is not even a full six months old and yet this law has already sparked 14,000 jobs in Nevada and more than 500 companies, large and small, to direct their savings from this overhaul and reinvest in their workers. I’m proud to have pushed this legislation into law so that Nevadans can use more of their hard-earned money to pay their bills, save for a family vacation, or set aside for their children’s’ futures. I look forward to seeing what the next half of the year will bring for the Silver State and will continue to push for pro-growth policies that gets Nevada and its workers ahead.”

The following companies that employ Nevadans have confirmed their employees will benefit as a direct result of the Tax Cuts and Jobs Act:

  • Apple, which broke ground on a new facility in Reno: Pledged to spend $350 billion on development and create 20,000 jobs nationwide in the next five years.
  • Alaska Air Group: The company, which employs 300 people in Nevada, announced it will be giving its 22,000 workers a $1,000 bonus.
  • American Airlines: The company, which has 667 employees living in Nevada, announced it is giving all employees a $1,000 bonus in the first quarter of 2018.
  • A-1 Steel, located in Sparks: will implement eight paid holidays for our employees next year.
  • Anthem, Inc.: The company, which has roughly 470 associates in Nevada, will contribute $1,000 to each of the 401(k) accounts of more than 58,000 employees and recent retirees.
  • AT&T: The company, which has 200,000 U.S. workers, including 1,100 Nevadans, announced it is giving its employees $1,000 bonuses.
  • Bank of America: The company, which has 62 financial centers in Nevada, announced it would give 145,000 employees a $1,000 bonus because of tax reform.
  • Best Buy: The consumer electronics retailer, which has 1,100+ workers in Nevada and 10 stores across the state, said that this month it will pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees.
  • CarMax, which has locations in Reno and Las Vegas, gave $250 to $1,500 bonuses depending on the length of employee service.
  • Costco, which has seven warehouses in Nevada: Will boost wages for 1,890 hourly employees in Nevada. 
  • Cox Communications, which has roughly 1,750 employees in Nevada: Announced that workers will receive bonuses on Tax Day this year of up to $2,000.
  • CVS, which has 2,000 employees in Nevada and 100 stores: announced that effective April 1st, it will increase the starting salary for hourly employees and increase wages for hourly employees. It also committed to holding health premium contributions steady for the next plan year, and announced four weeks of fully paid parental leave for employees.
  • Fontainebleau: Developers are resuming the stalled project as a result of tax reform and have previously committed to creating over 10,000 jobs in southern Nevada.
  • JetBlue: The company, which has more than 100 crewmembers living in Nevada, announced it will give $1,000 bonuses.
  • JPMorgan Chase: Announced it is increasing wages, expanding benefits, and creating 4,000 jobs throughout the country. Chase has 82 branches in Nevada.
  • Lowe’s Home Improvement: The home improvement retailer, which has 2,000+ workers in Nevada and 17 stores across the state, announced it is expanding benefits - like adoption assistance and paid parental leave - and giving bonuses of up to $1,000 for its employees.
  • McDonald’s, which has 9,000 employees in Nevada: Expanding its 3-year-old education benefits program, tripling the amount of money some workers can get each year to help pay for college or trade school tuition.
  • Plumas Bank, which has a significant presence in Reno and plans to purchase a Mutual of Omaha branch in Carson City, announced they are raising minimum wage to $15 per hour.
  • Prospector Hotel & Gambling Hall in Ely, NV: The hotel recently gave its employees a $500 bonus and raised its starting wages to $12 per hour because of changes in the tax code.
  • Sinclair Broadcast Group: Employs 270 Nevadans and committed to giving its workers a $1,000 bonus.
  • South Point Hotel, Casino & Spa: The owner recently announced he is doubling South Point’s 2,300 full-time workers’ bonuses.
  • Southwest Airlines Co.: The company, which employs 3,600 Nevadans, said it would give all full-and part-time workers a $1,000 bonus on Jan. 8, 2018.
  • T.J. Maxx, which has 9 locations in Nevada, has announced bonuses from tax reform, retirement plan contributions, parental leave, enhanced vacation benefits, and increased charitable donations.
  • U-Haul, which has multiple locations in Nevada, gave $1,200 bonuses for full-time employees, and $500 for part-time employees.
  • UPS: The shipping company, which has 3,400+ workers in Nevada, announced a $12 billion investment program, and increases for pension funding.
  • Universal Plumbing and Heating in Las Vegas: The company’s president said that he was able to pay out bonuses of up to $1,000 dollars to all of his employees, purchase new trucks, and even hire several more workers.
  • Wal-Mart: Will increase wages, give eligible employees a special bonus of $1,000, and expand maternity and parental leave benefits - benefiting 8,700 Wal-Mart associates living in Nevada.
  • Waste Management: More than 300 employees in Nevada will be eligible for a $2,000 bonus at the end of 2018.
  • Wells Fargo: The company has more than 100 banks in Nevada and will be giving nearly 900 Nevadans a raise.

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