“We now gave $300 bonuses and enhanced our staff salaries at the same time,” claimed AR-15 Gun Proprietors of The usa CEO Chris Waltz to FOX Business’ Stuart Varney on “Varney & Co.”
The five-year-old federal firearms licensed dealer, based in Warner Robins, Georgia, has less than 10 staff members but joins a growing list of companies, including FedEx (FDX), Wal-Mart (WMT) and AT&T (T), raising pay and shelling out bonuses as a result of the tax monthly bill.
Waltz also plans to reinvest a percentage of the profits into his business.
“We are still building our infrastructure,” he stated. “We are going to be buying new equipment, point-of-sale equipment [and] inventory equipment to update our systems.”
House Minority Leader Nancy Pelosi, last week, bashed the new tax cut savings, saying businesses across the U.S. are handing out “crumbs” to staff. However, Waltz claimed his workers were “very happy.”
“I can’t believe she even explained that. These are not crumbs,” he reported. “She doesn’t understand what it is to get a pay raise or bonus when you’re not making all that much money. She’s a multi-millionaire. Crumbs doesn’t make sense to our staff members.”