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originally posted by: FauxMulder
For those that say tax reform will do nothing for the economy or middle class and only benefits the rich, well AT&T is proving you wrong before the bill is even signed.
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.
AT&T's CEO said it was in response to tax reform.
Good on AT&T. I hope many more companies follow their lead.
Wells Fargo, meanwhile, also said it would be boosting its minimum wage for employees to $15 an hour, which was prompted by the tax plan. The San Francisco-based bank also said it would target $400 million in donations to community and nonprofit organizations next year.
Fifth Third Bancorp will pay more than 13,500 employees a bonus and raise the minimum wage of its workforce to $15 an hour after the passage of the Republican tax plan that will cut the bank's corporate tax rate.
originally posted by: Stevenjames15
a reply to: theatreboy
Looks good on paper. Swell gesture. The bonus is taxed at a much higher rate and AT&T gets a write off. So the employee ends up paying a more taxes and the corporation pays less. What a joke
originally posted by: Regnor
If you think a bill passed this afternoon had anything to do with this, you're crazy.
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. AT&T's CEO said it was in response to tax reform.
originally posted by: LSU0408
a reply to: FauxMulder
I don't understand why anyone has a problem with rich people benefiting from this anyways. If I'm getting $900 more per year because of this, and the multimillionaire in the next town is getting $51,000 more per year, that $900 will help me more in my current budget and be worth more to me than that $51K is to the multimillionaire's lifestyle. Who cares if he gets more money now. It's his money that he owes to nobody.