By: Steve Dellar | 12-21-2017 | News
Photo credit: Joe Tabb |

Trump Tax Reform: AT&T, Boeing, Comcast, Wells Fargo Giving Employee Bonuses

President Trump tweeted that the tax reform would be a big Christmas present for American workers, and mainly thanks to the lowering of the corporate tax rate it indeed becomes just that for employees of many US companies. So far we’ve heard of AT&T, Boeing, Comcast and Wells Fargo handing out money to employees or creating jobs for the American workers.

All of those companies released news after the passing of the tax reform, stating they would immediately invest this into the US workers.

AT&T said it would pay a $1,000 bonus to more than 200,000 US employees. It’s press release read: "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 US 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."

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr"><a href=";ref_src=twsrc%5Etfw">#TaxCutsandJobsAct</a> results thus far: <br>1.<a href="">@ATT</a> $1k bonus to over 200,000 employees; <br>2.<a href="">@Boeing</a> $300M employee-related investments;<br>3.<a href="">@FifthThird</a> $15min wage, $1k bonuses;<br>4.<a href="">@WellsFargo</a> $15min wage, donations of $400 million;<br>5.<a href="">@Comcast</a> $1k bonus to over 100,000 non-exec employees.</p>&mdash; Justin Sykes (@JustinDSykes) <a href="">December 20, 2017</a></blockquote>

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Boeing stated it would immediately invest $300 million into its US workers, saying: “$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing's focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.

"$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.

"$100 million for "workplace of the future" facilities and infrastructure enhancements for Boeing employees.

Wells Fargo confirmed it would be raising the hourly minimum wage by 11% and donate $400 million to the community and nonprofit organizations.

"We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners," said President and CEO Tim Sloan in a company release.

"We look forward to identifying additional opportunities for Wells Fargo to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders. As the nation’s largest small business lender and residential mortgage provider, we understand our significant role in helping grow the economy."

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Comcast NBC Universal is giving more than one hundred thousand employees a $1,000 Christmas bonus, will spend spend $50 billion over the next five years on news of GOP tax cut <a href=""></a></p>&mdash; Benny (@bennyjohnson) <a href="">December 20, 2017</a></blockquote>

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Lastly Mr Brian Roberts, the CEO of Comcast NBC Universal, said the company would be awarding $1,000 bonus to more than 100,000 employees whilst also pledging to

spend $50 billion over the next five years to "add thousands of new direct and indirect jobs.”


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1 Comment/s
Anonymous No. 14435 2017-12-21 : 12:53

Gonna get me some Christmas presents. Thanks Trump !

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