BREAKING: Tax Reform Already Working: AT&T Plans Bonuses for 200,000 Employees, Capital Investment Because of Passage of Tax Cuts and Jobs Act
WASHINGTON, D.C.— Following the House and Senate's passage of the Tax Cuts and Jobs Act to reform our tax code to make our businesses competitive again, AT&T announced they plan to $1,000 special bonuses to 200,000 employees and increase capital investment in the United States by $1 billion.
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"Today, Congress approved legislation representing the first comprehensive tax reform in a generation. The President is expected to sign the bill in the coming days.
"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees — 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.
'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 Randall Stephenson, AT&T chairman and CEO. 'This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees.'
"Since 2012, AT&T has invested more in the United States than any other public company. Every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers, research shows."