AT&T is giving $1000 bonuses to 200000 employees after tax bill

AT&T is giving $1000 bonuses to 200000 employees after tax bill

In addition to that, the company also plans to pay a special $1,000 bonus to more than 200,000 of its employees.

Soon after Republican lawmakers sent the newly passed tax reform bill to President Donald Trump's desk on Wednesday, AT&T and Boeing announced that they will issue additional employee bonuses and other investments as a commitment to support the US economy. All union-represented, non-management and front-line managers will receive a bonus.

In touting the GOP tax overhaul, Trump has repeatedly emphasized the importance of creating jobs. Boeing announced what it described as a $300 million "employee-related and charitable investment" stemming from the tax bill, while Fifth Third said it would raise its minimum wage to $15 an hour and distribute a one-time bonus of $1,000 for more than 13,500 employees.

Or, the people said, AT&T could sell off DirecTV, the satellite television provider that it bought two years ago for almost $49 billion.

While Stephenson has praised the Trump administration for its tax policy and its willingness to roll back rules requiring net neutrality, AT&T is now in a huge battle with Trump's Justice Department over its planned merger with Time Warner.

The House passed the $1.5 trillion tax bill on Wednesday on a 224-201 vote, sending the legislation to the White House for Mr. Trump's signature.

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The tax bill would reduce the corporate tax rate to 21% from 35% - providing a big boost for large American companies including AT&T. It's not clear when Trump plans to sign the bill, which passed the House and Senate this week.

AT&T's plan to pay the bonus also comes as it faces a lawsuit from the Justice Department to stop its take over of Time Warner Inc.

"That's because of what we did", Trump said of AT&T. On Wednesday Boeing said its spending plans would include $100 million for workforce training and $100 million for facilities and infrastructure upgrades.

"However, a CWA spokesperson noted in an email to ThinkProgress that AT&T executives had agreed to the special bonus only after CWA argued that its employees should be given the "$4,000 wage increase promised by the Republican corporate tax cut".

On the other hand, AT&T stands to be a potential beneficiary of another recent move by the Trump administration: the repeal of net neutrality regulation.

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