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President Donald Trump holds up the first page of the tax reform legislation. Photo: Chip Somodevilla / Getty Images

Bank of America CEO Brian Moynihan said in an internal memo obtained by CNBC that around 145,000 employees will receive a $1,000 bonus, citing the newly signed tax reform, CNBC reports.

Moynahan writes:"Beginning in 2018, we will see benefits from the tax reform, too, in the form of lower corporate tax rates. In the spirit of shared success, we intend to pass some of those benefits along immediately. U.S. employees making up to $150,000 per year in total compensation - about 145,000 teammates - will receive a one-time bonus of $1,000 by year-end."

Why it matters: Other companies announced employee raises earlier this week after the tax plan passed through Congress, although the White House said it was not coordinated with the President Trump's economics team. Trump tweeted on Friday that the announced bonuses are "a phenomenon that nobody even thought of, and now it is the rage."

Go deeper

2 hours ago - World

2 Americans wanted over Ghosn's escape handed to Japanese authorities

Former Nissan chair Carlos Ghosn during a news conference in Jounieh, Lebanon, last September. Photo: Hasan Shaaban/Bloomberg via Getty Images

Two Americans accused of helping former Nissan chair Carlos Ghosn flee Japan in a box in 2019 were handed over to Japanese custody Monday, their lawyer said.

Why it matters: The extradition of Michael Taylor, 60, a private security specialist and former Green Beret, and his son Peter Maxwell Taylor, 27, ends a months-long fight to remain in the U.S.

Rep. Rice demands Cuomo resign after 3rd woman accuses him of misconduct

New York Gov. Andrew Cuomo during a February news conference in New York City. Photo: Seth Wenig/POOL/AFP via Getty Images

Rep. Kathleen Rice (D-N.Y.) on Monday evening called for New York Gov. Andrew Cuomo (D) to resign, after a third woman accused him of inappropriate behavior.

Driving the news: Anna Ruch, a former member of the Obama administration and the 2020 Biden campaign, told the New York Times Monday that Cuomo asked to kiss her at a New York City wedding reception in September 2019.

Scoop: Inside the GOP's plan to retake the House

House Minority Leader Kevin McCarthy. Photo: Elijah Nouvelage/Bloomberg via Getty Images

House Republicans will reclaim their majority in 2022 by offering candidates who are women, minorities or veterans, a memo obtained by Axios says.

Why it matters: The document, drafted by a super PAC blessed by House Minority Leader Kevin McCarthy, names top Democrats to target — Jared Golden of Maine, Matt Cartwright of Pennsylvania and Ron Kind of Wisconsin — and the type of Republican candidates to beat them.