Bonuses Drop, Signaling Tax-Cut Payouts Were a One-Time Windfall

A boom in employee bonuses handed out by some companies in the wake of the 2017 GOP tax cut proved to be temporary

WASHINGTON—A boom in employee bonuses handed out by some companies in the wake of the 2017 Republican tax cut proved to be temporary, Labor Department data released Tuesday showed.

Private-sector companies’ spending on nonproduction bonuses fell 24% in the first quarter of 2019 from a year earlier, the largest decrease for the category of benefit costs on record back to 2005.

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