Joining in with a host of other companies across the country who are giving back to their customers and employees after President Trump’s tax breaks were passed, the Baltimore Gas & Electric Company has announced that it will be lowering their rates for almost a million customers as early as this February.
According to the Baltimore Sun, the company is estimated to save around $82 million as a result of the new Tax Cuts and Jobs Act, and these saving would be passed along to the customers. “We wanted to share those benefits with consumers,” CEO Calvin G. Butler Jr. told the press, saying that the choice to do so was “simple.”
Thanks to the tax cuts, which lowered tax rates on the company from 35 percent to 21 percent, ordinary residential customers can expect to see lower prices when their bills come around at the end of the month. “Bills will go down by an average of $4.27 a month for customers who buy both electricity and natural gas from BGE,” the Sun reported, saying that it will also go down by about $2.31 for those who only purchase their electricity from the company.
With this move, the Baltimore Gas & Electric Company joins ranks with several other companies who are planning to pass their newfound saving on to their customers and employees. AT&T, Boeing, Comcast, GoDaddy, and PNC are among some of the biggest players to report giving bonuses to their workers after the tax reform bill was passed, and Townhall reports that over 1 million Americans have already received a perk of some kind thanks to the legislation, with many more expected to get additional rewards in the future.
It should be remembered that the Democrats fought tooth and nail to stop the tax reform bill from being passed, erroneously claiming that it would hurt the middle class and only serve to benefit corporations and the top one percent. Once again, however, the Democrats were proven wrong, and Americans are starting to feel the benefits from a law that leftists swore would cripple the country and destroy working people everywhere. So much for that!
What do you think of the benefits and bonuses coming about as a result of tax reform? Do you think the Dems will finally admit they were wrong? Let us know in the comments, and remember to share this page to show your friends and neighbors that President Trump’s new tax bill is already making things easier for Americans across the country!