The truth about AT&T's $1000 bonus for workers

The truth about AT&T's $1000 bonus for workers

The truth about AT&T's $1000 bonus for workers

If President Donald Trump signs the bill before Christmas, AT&T employees will get their bonuses this year. "That's because of what we did".

AT&T supporting the tax bill appears to some as an effort to appeal to Trump's good side, and possibly open the door to more merger negotiations.

AT&T, the second largest wireless company in the U.S., paid about $6.5bn in taxes at an effective rate of about 33% in 2016, according to federal filings.

Other companies have been more reluctant to promise any new investments or returns for workers as a result of tax cuts.

Randall Stephenson, the CEO of AT&T, praised the tax reform bill as a "monumental step" towards bringing the U.S. Among the biggest beneficiaries of the legislation, analysts say, will be the telecom industry.

"On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States", Boeing President and CEO Dennis Muilenburg said in a statement.

"$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing's focus areas for charitable giving: in education, in our communities, and for veterans and military personnel".

But with both parties set to sue the DoJ for blocking the merger because The Donald has a twitter beef with Don Lemon, AT&T has shifted gears and made a decision to just play along with the emotional needs of a government run by a egomaniacal adolescent.

Wells Fargo and Fifth Third Bancorp announced plans on Wednesday to raise their minimum wage to $15 per hour. Time Warner was up about 0.5%.

In the 2016 USA elections, Republican candidates got 62 percent of $2.7 million in donations to federal candidates from AT&T's political action committee that pools contributions from employees, according to the Center for Responsive Politics. The idea that the new tax cuts will necessarily pay for themselves by generating federal revenue growth is dubious; the idea that the AT&T bonuses might pay for themselves by smoothing the way for merger approval isn't. The decision was surprising because it's very rare for the government to challenge "vertical" mergers like this one, in which no direct competitor is removed from the market. The $85 billion transaction expires on April 22.

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