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Disney to give $1,000 bonuses, create tuition fund

Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse at the New York Stock Exchange. Photo: Drew Angerer/Getty Images

Walt Disney Co. said on Tuesday that it will give more than 125,000 employees a one-time cash bonus of $1,000, joining a growing list of companies awarding bonuses or hiking wages following the passage of the GOP tax cuts. Disney is also starting a $50 million tuition fund to help hourly employees afford college.

Why it matters: This move will please the White House and Republicans who have been pitching the corporate tax cuts as a boost for American workers and the economy.