Published: Thu, December 21, 2017
Markets | By Erika Turner

AT&T employees receiving $1000 bonuses after tax vote

AT&T employees receiving $1000 bonuses after tax vote

"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T USA employees - all union-represented, non-management and front-line managers", a company press release said.

The bonuses are not a part of a union contract agreement announced last week, said a spokeswoman for the Communications Workers of America.

AT&T has announced that it will deliver its employees a financial bonus in response to a tax bill that passed in Congress on Wednesday, calling it a "monumental step" in driving economic growth.

The telecom company for the bonuses, it will pay a $1,000 special bonus to more than 200,000 employees in the USA, all who are union-represented, non-management and front-line managers.

In touting the GOP tax overhaul, Trump has repeatedly emphasized the importance of creating jobs.

AT&T says it will pay a $1,000 bonus to more than 200,000 USA employees after the GOP tax bill is enacted - an announcement sure to please Republican lawmakers who have been pitching corporate tax cuts as a boost for American workers.

As many as 200,000 employees will receive a bonus of $1,000 under the plan, according to AT&T.

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Stephenson has averaged a bonus of about $5.2 million over the past three years. President Trump himself has stated that he's no fan of the merger.

Trump himself said the proposed merger is "not good for the country".

Those comments hearkened back to statements Trump made on the 2016 campaign trail.

"Today, Congress approved legislation representing the first comprehensive tax reform in a generation", AT&T said in a statement. "... Deals like this destroy democracy". But negotiations hit a roadblock in early November when tensions between Justice Department officials and company executives went public. Trump has been a frequent critic of CNN, labeling it "fake news". Boeing, a major defense contractor, gets almost one-quarter of its revenue from the federal government.

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

"This merger would greatly harm American consumers".

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