TRUMP EFFECT: AT&T Announces it Will Pay 200,000 US Employees ‘Special $1,000 Bonus’ Due to GOP Tax Reform Bill

So. Much. Winning.

The Senate approved Trump’s tax bill 51-48 in a midnight showdown.

This is the biggest tax overhaul in 30 years.

AT&T quickly responded to this historical tax cut and announced Wednesday it will be issuing over 200,000 U.S. employees a special $1,000 bonus and will also increase US capital spending by $1 billion.


AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the law is official.

The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

“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,” CEO Randall Stephenson said in a statement. “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.”

AT&T had previously said it would invest $1 billion in the U.S. if “competitive” tax reform legislation was passed. The new tax laws are expected to drop the corporate tax rate to 21 percent from the current 35 percent and includes other measures that Republicans say will spur businesses to invest domestically.

President Trump sent out a celebratory midnight tweet after the Senate passed the tax bill.

POTUS also tweeted out a fun “Tax cuts for Christmas” gif:


AT&T to invest $1 billion in capital spending following tax reform passage from CNBC.



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