Sand Springs Firm Hands Out 'Tax Cut' Bonuses

Wednesday, March 7th 2018, 5:37 am
By: News On 6

Webco Industries based in Sand Springs is the latest employer to give workers a bonus following the passage last year of the Trump Administration's tax plan.

Webco says each employee was given $1,000 if they've been there for a year or more.  Employees who have been there for a significant amount of time, were given $2,000.

Webco says they had more than a million dollars total to distribute to their employees, many of whom are in Sand Springs.

"The tax cuts and jobs act reduced corp tax rates, so that produced a significant amount of savings this year for Webco as our corporate tax bill was reduced," said Mike Howard with Webco Industries.

These were one-time bonuses and impacted employees in Oklahoma, Pennsylvania, Texas, Illinois and Michigan.

1/3/2018 Related Story: Tulsa American Airlines, AAON Employees Getting $1,000 Bonus Checks