AT&T Is Giving Employees a $1000 Bonus to Celebrate the Tax Bill

AT&T, Comcast Pledge Tax Savings Windfall Will Go Toward Network Investments, Employee Bonuses

"Every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers, research shows".

AT&T has been an outspoken backer of the tax legislation - and it hasn't been shy about backing up that support with promises to spend more within the U.S.

"If the President signs the bill before Christmas, employees will receive the bonus over the holidays", the press release said. As a result, Stephenson said that the US -based employees will receive a bonus.

Meanwhile, AT&T has feuded with the Trump administration over its bid to acquire Time Warner, and the Department of Justice has sued to block the deal.

"We believe tax reform is good for our USA economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners", said President and CEO Tim Sloan in a company release. "That's pretty good", Trump said.

In touting the GOP tax overhaul, Trump has repeatedly emphasized the importance of creating jobs.

Panthers owner says he's selling team, faces allegations of misconduct
On Sunday, Sports Illustrated released a report highlighting allegations of workplace misconduct against Richardson. Kaepernick retweeted Combs' post from Sunday about his desire to purchase the team and added his own interest.

Trump took credit for AT&T's move Wednesday. The new plan, which is expected to be signed by President Donald Trump by January at the latest, is being hailed as a major victory for corporations and wealthy Americans.

"CEOs aren't waiting on a tax cut to jump-start the economy, a favorite phrase of politicians who have never run a company", former New York City mayor and Democratic mega donor Michael Bloomberg wrote in an editorial.

Boeing has also said it will invest an additional $300m.

The company has said it also plans to invest an additional $1 billion in the United States in 2018, following through on previous comments officials made in November. Boeing, a major defense contractor, gets almost one-quarter of its revenue from the federal government. The company also increased its capital expenditures budget by $1 billion in the USA.

An hour later, Fifth Third Bank announced that almost 3,000 workers will see their pay rise to $15 an hour. The whole thing has been plagued by regulatory roadblocks thrown up by a government that openly detests regulation but hates Time Warner property CNN with an all-consuming loathing.


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