AT&T to pay $1000 bonus due to tax cuts

AT&T to pay $1000 bonus due to tax cuts

AT&T to pay $1000 bonus due to tax cuts

The company also announced that it will invest more than $1 billion into the US economy once the bill, the major first tax reform legislation since the Reagan era, becomes law.

Fifth Third Bancorp also announced bonuses of $1,000 to more than 13,500 employees and said it would raise its minimum hourly wage to $15. "If the president signs the bill before Christmas, employees will receive the bonus over the holidays".

"We believe tax reform is good for our USA 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.

"This tax reform will drive economic growth and create good-paying jobs", Stephenson said.

While the bonus announcement was new, the planned additional investment wasn't -AT&T announced on November 8 that it would step up USA investment by $1 billion if a tax bill passed.

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

A tax overhaul to be signed into law by President Donald Trump shortly will slash taxes across the board, including for corporations and wealthy Americans, and is expected to save Hollywood corporations billions of dollars each year.

North Korea Testing Anthrax-Packed Warheads on ICBMs
The report, based off of a source in South Korea, said that it did not have confirmation about whether the tests had been successful.

United States blames North Korea for major cyber attack
Bossert said that the USA would "publicly attribute" WannaCry to North Korea, describing the attacks as "cowardly" and "careless". During the attack, personal data was stolen from private users and ransom payment was requested in the form of bitcoin.

'The Office' Revival in the Works at NBC
The report clearly calls for a continuation of the story of Scranton's Dunder Mifflin offices . A new version of the show will air during the 2018-2019 TV season, TV Line reported today .

The telecom giant's plans were announced by Trump during an event at the White House to celebrate the bill this afternoon. The Dallas-based telecommunications giant also reiterated its plan to invest an additional $1 billion in the US next year.

Last month, Stephenson blasted the Department of Justice over its plans to sue to block his company's $84.5 billion takeover of Time Warner. The bill brings the corporate tax rate dow to 21 percent from 35 percent.

"Yes it is commendable that AT&T is giving its employees a $1,000 bonus".

Trump cited AT&T's bonus plan at a news conference Wednesday.

AT&T isn't alone in touting its plans to spend a portion of its windfall on workers - Boeing and Fifth-Third Bank have also released plans.

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. If the companies don't extend the deadline, AT&T must pay Time Warner a $500 million breakup fee.

Related news

[an error occurred while processing the directive]