The tax reform bill was passed less than 24 hours ago but it’s already showing positive signs for the American economy. AT&T has just announced a massive amount of spending in the US including large bonuses for over 200,000 employees.
The Hill reports:
Trump hails AT&T for giving $1,000 bonuses to more than 200,000 employees because of tax bill passage
AT&T on Wednesday hailed Congress’ passage of tax cuts and announced it would invest an additional $1 billion in the United States next year, and pay a one-time $1,000 holiday bonus to more than 200,000 U.S. employees.
In a press release, the company, which is in the midst of a proposed $85 billion merger with Time Warner that President Trump has criticized, said the bonuses would be paid to all “union-represented, non-management and front-line managers.”
“If the President signs the bill before Christmas, employees will receive the bonus over the holidays,” the press release said.
The move got the attention of Trump, who opened a White House celebration with congressional Republicans over the tax bill’s passage by quoting from the AT&T release.
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.
This is just the beginning, folks!