News

Taco John's shares tax savings with workers, dares other brands to follow suit

February 28, 2018

Taco John's International Inc., like many businesses, is saving a lot of cash in reduced business tax rates passed as part of the 2018 Tax Cut and Jobs Act. The company has decided to share part of those savings with its crews, general managers, corporate staff and children of restaurant employees.

All full- and part-time restaurant crew members get $200 after taxes, while GMs and Taco John's Franchisee Support Center workers in Cheyenne receive $1,000 each, and the chain's vice presidents and higher leadership donated their $1,000 bonuses ($10,000 total) to the chain's not-for-profit CORE organization supporting the children of food and beverage service employees in life-altering situations, a news release said. 

"At Taco John's International, our team is our family, so sharing the financial benefits that were a result of the recent tax reform legislation only makes sense," Taco John's CEO Jim Creel, said in the release. "We encourage other restaurant brands to follow our example and give a portion of their savings to the people that are at the heart of what we do."

The total amount provided to employees from the saved taxes was $150,000. The total amount of the chain's savings in lower taxes was not disclosed. Fast casual chains, Starbucks and Chipotle, have also said they are sharing profits from tax savings with employees.