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