AT&T says to pay bonuses, invest $1 bln once tax reform signed

AT&T says to pay bonuses, invest $1 bln once tax reform signed

AT&T says to pay bonuses, invest $1 bln once tax reform signed

The telecom giant said in a press release on Wednesday that it would give more than 200,000 US union members a special bonus of $1,000. The Dallas-based telecommunications giant also reiterated its plan to invest an additional $1 billion in the USA next year.

AT&T has previously backed the tax plan, with CEO Randall Stephenson saying at a Business Roundtable event earlier this year that it would be a "bad indictment" if Republicans failed to pass the bill.

The company he mentions as a prime offender: Er, AT&T.

The company said the bonus payments will go to union-represented, non-management, and front-line managers.

AT&T's tax reform announcement comes a month after the Justice Department challenged AT&T's pending merger with Time Warner. "So that's pretty good", he said.

AT&T isn't alone in touting its plans to spend a portion of its windfall on workers - Boeing and Fifth-Third Bank have also released plans. 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.

Being A Facebook Wallflower Isn't Good For You, The Social Site Says
It also points to its own research that shows improvements in well-being from interacting with close friends online. Yesterday (Dec. 15), a odd post went up on Facebook's corporate blog.

PUBG Xbox One: When the Desert Map Release Date Is
Starting December 17th until the 31st, gamers who buy the upgraded console will get the game for free, Tech Times reports. That has been seen before; however, pressing the "O" key will bring up the graphics menu as it appears in the PC version.

Real Madrid faces Gremio at Zayed Sports City stadium
Real Madrid star Cristiano Ronaldo is angry over president Florentino Perez openly raising doubts about his future. In a tweet the Champions League victor wrote: "It was much more than I could ever imagined.

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

Nearly simultaneously with the AT&T announcement, Schumer gave a prepared speech attacking the notion of trickle-down economics and arguing that companies receiving tax breaks would just pocket the difference.

Boeing released a statement announcing "immediate commitments for an additional $300 million in investments that will move forward as a result of the new tax law".

In the 2016 USA elections, Republican candidates got 62 percent of $2.7 million in donations to federal candidates from AT&T's political action committee that pools contributions from employees, according to the Center for Responsive Politics.

Fifth Third Bancorp said it would raise its minimum hourly wage for all employees to $15, with 3,000 hourly employees benefiting from the hike. 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.

Related news