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.
To see the full announcement, click here, or see below:
“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.”
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