Fact Check: Many workers are getting tax-cut bonuses but not thousands of dollars

“Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses – many of them thousands of dollars per worker,” President Trump said Tuesday in his State of the Union address.

The number of workers appears to be correct but most are not getting thousands of dollars a piece.

The conservative Americans for Tax Reform has kept a running list of announcements by businesses of bonuses or raises they have given to their employees because of the tax cuts.

As of Tuesday, the group said those commitments translate to at least 3 million Americans receiving “special tax reform bonuses.”

Apple is giving $2,500 bonuses in restricted stock. But few of the announced bonuses are for more than than $1,000 per employee.

So many companies are giving exactly $1,000 that some analysts have suggested the bonuses were coordinated.

In all, Americans for Tax Reform listed 285 companies that have announced bonuses or other changes to benefit workers, including wage and salary increases or larger matching funds for 401(k) retirement plans.

A USA Today analysis of companies in the Standard & Poor’s 500 index estimated that more than 1.3 million workers would receive cash or stock-based bonuses totaling at least $1.7 billion in corporate announcements that cited the tax law.

Credit Suisse estimated the tax bill would save S&P 500 companies $75 billion to $100 billion in taxes in 2018 compared with the previous year, USA Today noted.