AT&T plans to invest an additional $1 billion in the U.S. in 2018 and pay a special bonus of $1,000 to more than 200,000 U.S. employees once the Republican tax reform bill is signed into law.
“If the President signs the bill before Christmas, employees will receive the bonus over the holidays,” AT&T said in a press release Wednesday.
The company said the bonus payments will go to union-represented, non-management, and front-line managers. In other words, the working men and women who President Donald Trump has promised will be helped by the tax reform bill.
“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” said AT&T chief Randall Stephenson. “This tax reform will drive economic growth and create good-paying jobs.”
Other companies have announced that they will either give employees hefty bonuses, pay raises, or both. Those companies include Wells Fargo, Fifth Third Bancorp, Comcast, and Boeing.
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