Several companies announce investments in employees and infrastructure due to tax reform
If you fell for the mainstream media’s Democrat-fed talking points, you probably thought giving corporations a tax break was going to do nothing but pad company profits and shareholders’ bank accounts. But, shortly after Congress passed the historic, economy-boosting bill out of both chambers, major U.S. employers announced payouts to employees and increases in investments here at home.
Snowflake trigger warning: The rest of this article contains so much winning that you may want to immediately locate a safe space, grab a stuffed animal and assume the fetal position. Alternatively, you can go outside and helplessly scream at the sky.
“Based on the passage of tax reform and the FCC’s action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees,” the company said in a statement.
JUST IN: Comcast to give one-time bonuses to employees after passage of GOP tax bill https://t.co/6lGA9s7scl pic.twitter.com/TAJh7FEa3j
— The Hill (@thehill) December 20, 2017
AT&T said on Wednesday that if tax reform passed, the company will give a $1,000 bonus to 200,000 employees and invest an additional $1 billion in the United States.
Breaking News AT&T To Shares the Wealth
Because of GOP Tax Bill will pass out $1,000 bonus to 200,000 American workers and invest $1.0 billion.
Merry Christmas— Charles V Payne (@cvpayne) December 20, 2017
Wells Fargo also said it would boost its bottom wage to $15/hr and donate $400 million to charity once tax reform passed.
JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill. https://t.co/GmM8bT0zjh
— CNBC (@CNBC) December 20, 2017
Fifth Third Bancorp joined Wells Fargo in raising its minimum wage to $15 an hour and pay employees a bonus after Congress voted the bill through.
Fifth-Third Will Pay $15 Minimum Wage Thanks to Tax-Reform Bill https://t.co/Q5fOJX1FUn via @PhilipDeVoe pic.twitter.com/IijDCWP6SX
— National Review (@NRO) December 20, 2017
Boeing joined the chorus of large companies giving more money to employees and increasing investment due to the tax bill.
Boeing's full statement on tax reform:
"Boeing CEO Muilenburg Applauds Tax Law, Announces $300 Million in Employee-Related and Charitable Investments to Spur Innovation and Growth" pic.twitter.com/WeTRSSKfYT
— Ryan Saavedra (@RealSaavedra) December 20, 2017
this is a developing story and will be updated as more winning occurs.
