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Companies are rushing to announce special bonuses and pay hikes after the GOP tax plan REUTERS/Stephanie Keith Both the House and Senate passed thefinal version of the Republican tax billon Wednesday, and a number of companies took the opportunity to announce special bonuses or pay hikes. The billreduces the corporate tax rate to 21% from 35% while allowing a one-time repatriation of overseas cash.Companies are mostly expected to buy back stock orpay down debtwith their savings. The pay hike and bonus announcements are sure to please Republican lawmakers, who have been pitching co...
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