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Posted: December 20, 2017

AT&T announces $1,000 tax bill bonuses to 200,000 employees, Trump approves

200,000 AT&T Employees To Receive $1000 Tax Bill Bonus

By Shelby Lin Erdman, Cox Media Group National Content Desk

Telecommunications giant AT&T is paying $1,000 bonuses to more than 200,000 employees and plans to invest an additional $1 billion in the U.S., crediting the new landmark Republican tax overhaul for its decision, the company said in a statement Wednesday.

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The company said bonuses will go to “all union-represented, non-management and front-line managers.”

“If the president signs the bill before Christmas, employees will receive the bonus over the holidays,” AT&T officials said.

The company is in the middle of a proposed $85 billion merger with Time Warner that President Donald Trump has criticized. But at a White House celebration Wednesday of the passage of the new GOP tax legislation, the president opened the gathering pointing to AT&T’s announced bonuses as proof that the bill will indeed prompt more corporations to reinvest in the U.S.

Corporations benefit the most under the new tax law, with a major and permanent reduction in the corporate tax rate from 35 percent to 21 percent.

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The overhaul also doubles the standard deduction for individual taxpayers and drops the top income tax rate from 39.6 percent to 37 percent.


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