AT&T Promises $1 Billion Investment in US; $1,000 Bonuses to Employees after Tax Cuts Pass
Congress passed landmark tax reform legislation Wednesday that lowers the corporate tax rate to 21% and individual tax rates across most tax brackets.
After the final vote, AT&T sent out a memo to its employees as well as a press release saying it will invest $1 Billion in the US in 2018, and will give a $1,000 bonus to more than 200,000 of its employees.
That is a promise of over $200,000,000 in bonuses. AT&T promises to give this bonus over the holidays if President Donald Trump signs the bill this week.
Here is the letter sent to employees: