AT&T promises $1000 bonus for employees after Pres. Trump signs tax bill

This Tax Bill Is a Trillion-Dollar Blunder

AT&T said Wednesday that it plans to invest an additional $1 billion into its USA networks in 2018 and give hundreds of thousands of employees a one-time bonus following the passage of the Republican-led tax bill in Congress.

"AT&T plans to increase USA capital spending $1 billion and provide $1,000 special bonus to more than 200,000 USA employees", he added, "and that's because of what we did".

Aerospace company Boeing Co. also said on Wednesday it would invest $300 million in workforce training and facilities enhancements for employees as its CEO lauded the tax bill.

The telecom giant heralded the GOP's tax bill, which both the Senate and House passed this week, as a measure that will "spur much-needed investment and economic growth" in a statement from CEO Randall Stephenson released on Wednesday.

"That's because of what we did", Trump said of AT&T.

The announcement comes more than a month after AT&T proposed a $85 billion merger with Time Warner - a deal the Trump administration has blocked with a lawsuit.

Diddy wants to buy the Panthers, vows to hire Colin Kaepernick
Dallas Cowboys owner Jerry Jones went on a rather long and weird rant about admiring alleged serial harasser Jerry Richardson . The franchise is estimated to be worth more than $2 billion, so he'll likely need help to raise that kind of money.

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.

In honor of the occasion, AT&T said it would spend $1.2 billion on USA investments and one-time bonuses to employees. However the fundamental objection from the White House is widely believed to be Time Warner subsidiary CNN's critical coverage of Trump.

"In fact, we will increase our USA investment and pay a special bonus to our U.S. employees". Many AT&T workers already expected to receive 10 percent raises and $1,000 lump-sum back wages as a result of an agreement announced last week. As BuzzFeed pointed out, the company made the same announcement in 2011, also alongside a president - Barack Obama.

"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 scored a victory when the Republican-led Federal Communications Commission gutted utility-style regulations for internet service providers.

Related news:

Hot News

isis-killer-beheading-video-story-top MLS Team Appears Headed To Nashville; No Word On Detroit
Dec 21, 2017 - 01:14
Nashville is one of four cities that has been vying to earn one of the two MLS teams that are part of the upcoming expansion. Pistons owner Tom Gores, Bill Ford Jr. and Cavaliers owner Dan Gilbert have all partnered to get a team.

isis-killer-beheading-video-story-top UN General Assembly To Condemn US' Jerusalem Decision
Dec 21, 2017 - 00:59
Egypt had put forward the draft at the council which was backed by all 14 other Security Council members in the vote on Monday. The UN General Assembly will hold a special session on Thursday, following a request by Arab and Muslim states.

isis-killer-beheading-video-story-top Salvation Army to help local families with donated Christmas gifts
Dec 20, 2017 - 01:34
This year a Salvation Army Kettle App also enables donors to give to The Salvation Army through their mobile devices. All funds that are raised in Merrill during the kettle campaign stay in Merrill and are distributed through St.

Apple to Launch Upgraded AirPods in the Second Half of 2018
Dec 20, 2017 - 01:33
The analyst said Apple had improved non-holiday AirPods delivery times by adding assembler Luxshare into the supply chain. Ordering online directly from Apple shows January 5, 2018, as being the next date that AirPods will be available.

isis-killer-beheading-video-story-top Secret to 'self-healing' glass accidentally discovered by Japanese researchers
Dec 20, 2017 - 01:32
The researchers said the glass is " highly robust mechanically yet can readily be repaired by compression at fractured surfaces ". He also found that the material reverted back to its original strength after being left alone for a few hours.

isis-killer-beheading-video-story-top A Bright Start for CME Futures
Dec 20, 2017 - 01:26
Spot bitcoin eased 1.9 per cent on the Bitstamp exchange to US$18,650, after surging to a record high of US$19,666 on Sunday. The general sentiment in the market remains one of caution, which is reflected in margin requirements for the contracts.

isis-killer-beheading-video-story-top Cristiano Ronaldo Scores 'Unstoppable' Free-Kick To Win The Club World Cup
Dec 19, 2017 - 11:39
They have also equalled Spanish rivals Barcelona as the most successful club in the tournament which, has been running since 2005. Cristiano Ronaldo celebrates scoring the game's winning goal , as Real Madrid edge past Gremio in the FIFA Club World Cup final.

isis-killer-beheading-video-story-top Brooklyn house fire kills woman, children, officials say
Dec 19, 2017 - 11:39
Friends and neighbors say the family was known to light menorah candles in celebration of Hanukkah . Three children and their mother died early Monday in a house fire in Brooklyn.

isis-killer-beheading-video-story-top United States declares North Korea the culprit behind devastating WannaCry ransomware attack
Dec 19, 2017 - 11:21
And in October , Britain's Minister of State for Security Ben Wallace said his government was "as sure as possible" that Pyongyang launched the attack.

isis-killer-beheading-video-story-top Samsung's new phones have dual selfie cameras
Dec 19, 2017 - 11:20
They both have support for 4G LTE, VoLTE, Wi-Fi 802.11 b/g/n/ac, Bluetooth 5.0, NFC , GPS, and USB Type-C. Both the devices will be initially available in European market starting January 2018.

isis-killer-beheading-video-story-top WWE Announces First Ever Women's Royal Rumble for 2018
Dec 19, 2017 - 11:11
As it's been in the past with the men's Rumble match, this could also provide some great cameos from past superstars. Some big names will go head-to-head with the victor receiving a championship opportunity at WrestleMania 34 in April.

isis-killer-beheading-video-story-top WWE Clash of Champions 2017
Dec 18, 2017 - 03:21
Despite the misunderstanding, the two started to brawl and that led to the announcement of a United States Championship defense. They deserve an enormous amount of credit for that, but they are strictly booked and treated like a comedy team.

isis-killer-beheading-video-story-top Colby Covington Calls Out Rafael Dos Anjos, Wants Interim Title Fight
Dec 18, 2017 - 03:20
Dos Anjos scores a takedown on Lawler and he gets him in the seated position, the referee stands up the fighters for inactivity. Dos Anjos is now 3-0 at 170 pounds while Lawler is 1-2 in his last three fights.

isis-killer-beheading-video-story-top It's Going To Be Emotional - Alex Oxlade-Chamberlain On Arsenal Return
Dec 18, 2017 - 03:14
And in doing so, the Egypt star confirmed his status as one of the most prolific forwards now active in English football. Watch as Philippe Coutinho set Liverpool on their way to a 4-0 win over Bournemouth with this sensational solo effort.

isis-killer-beheading-video-story-top Ex-Staffer Left MSNBC After Accusing Chris Matthews Of Sexual Harassment
Dec 18, 2017 - 03:12
She brought the incident to the attention of CNBC executives after being subject to Matthew's "jokes" in the presence of a group. He is the latest in a string of high-profile men in media to be accused of sexual misconduct, particularly at NBC.