AT&T says GOP tax bill will mean $1000 bonuses for 200000 employees

21 December, 2017, 01:15 | Author: Franklin Nunez
  • Hollywood Would Get Big Windfall Annually From Tax Bill

Telecoms giant AT&T has said it will pay a $1,000 (£747) bonus to more than 200,000 workers, as a result of the United States tax reform bill being cleared.

In addition to the bonuses, AT&T said it will invest an additional $1 billion in the U.S.in the coming year.

"We believe tax reform is good for our USA economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners", said President and CEO Tim Sloan in a company release.

The House passed the $1.5 trillion tax bill on Wednesday on a 224-201 vote, sending the legislation to the White House for Mr. Trump's signature.

2.7 million traveling for holiday across metro Washington
The busy holiday driving season will continue to be the most expensive in years as prices remain high after Hurricane Harvey . On Monday afternoon, the average price of a gallon of regular gas in OH was $2.21, while last week's average was $2.28.

AT&T's plan to pay the bonus also comes as it faces a lawsuit from the Justice Department to stop its take over of Time Warner Inc.

The pledge for $200 million in bonuses shows shows the extent of AT&T's support for the Republican tax plan, which will slash the tax rate on corporations.

"This tax reform will drive economic growth and create good-paying jobs", he said. How's AT&T going to pay for it?

"Pretty good", Trump said of AT&T's plans, high praise for a company that hasn't been in the Trump administration's good graces in recent weeks.

Tom DeLonge and the U.S. government have released 'official' UFO footage
Bigelow is "currently working with NASA to produce expandable craft for humans to use in space", according to the NY Times . The Pentagon has admitted it spent tens of millions of dollars on a secret UFO investigation branch for five years.

President Trump celebrated the passage of the bill overhauling the tax code at a press conference on Wednesday.

Stephenson last week stepped down from the boards of directors of Ferguson-based Emerson and Chicago-based Boeing, saying he'd be "extremely busy" in 2018 defending his company's merger deal with Time Warner.

"However, a CWA spokesperson noted in an email to ThinkProgress that AT&T executives had agreed to the special bonus only after CWA argued that its employees should be given the "$4,000 wage increase promised by the Republican corporate tax cut". As BuzzFeed pointed out, the company made the same announcement in 2011, also alongside a president - Barack Obama. When a moderator asked those present whether they would increase USA investment if the GOP tax bill passed, only a few raised their hands.

The moves come as AT&T gears up for a fight with the federal government.

Omar condemns killing of civilian woman in encounter
On Sunday, a taxi driver, Asif Iqbal, was killed in Kupwara district of north Kashmir. Two force personnel were also injured during the encounter.

If President Trump signs the tax bill before Christmas, employees will receive the bonus over the holidays, the company said. "Our announcement today is unrelated to our pending acquisition of Time Warner", a AT&T spokesman told Quartz.

Recommended:

  • John McCain Heads Home to Recover in Arizona, Will Miss Tax Vote

    John McCain Heads Home to Recover in Arizona, Will Miss Tax Vote

    McCain, 81, was admitted to the hospital for what is office called "normal side effects" of his cancer treatment last week. Marco Rubio (R-FL) and Bob Corker (R-TN) announced their support for the bill after winning some amendments or provisions.
    Lane Kiffin agrees to new 10-year deal with Florida Atlantic

    Lane Kiffin agrees to new 10-year deal with Florida Atlantic

    DE Jamal Davis, Akron: It took a few years to get going, but once he did, he became the Zips' best defensive playmaker. They're hungry, and every time we win, it's like they've just won the Super Bowl.
    Twitter begins enforcing rules on 'hateful, abusive' content

    Twitter begins enforcing rules on 'hateful, abusive' content

    Twitter on Monday began enforcing new rules that would suspend users that are associated with hate groups, according toRecode. Recode noted that the new Twitter rules did not specifically mention the alt-right or neo-Nazi groups.
  • Evan Longoria trade marks end of remarkable era for Rays

    Evan Longoria trade marks end of remarkable era for Rays

    The team has been shopping pitchers Chris Archer, Jake Odorizzi and Alex Colome to varying degrees this offseason. The Giants finished last in the NL West this past season while the Rays finished third in the AL East.
    Japan Approves Deployment of New Land-Based Missile Shield

    Japan Approves Deployment of New Land-Based Missile Shield

    On Tuesday, the government of Japan approved the decision to deploy two Aegis Ashore anti-missile defense complexes in the country.
    Remember Bihar Exit Poll, Tweets Tejashwi Yadav

    Remember Bihar Exit Poll, Tweets Tejashwi Yadav

    The India Today-Axis poll predicted 99-113 seats in the 182-seat Gujarat Assembly for the BJP and 68-82 seats for the Congress . One polling station from each assembly constituency will be randomly selected for counting of VVPATs slips. 9.
  • Palin's son arrested on burglary and assault charges

    Palin's son arrested on burglary and assault charges

    According to court records, all the charges against the 28-year-old, who was arraigned Sunday morning, involve domestic violence. Fulton fire officials said the dog fell through the Oswego River's ice Sunday afternoon, and a man and woman tried to help.
    'Injuries and casualties' from Amtrak derailment

    'Injuries and casualties' from Amtrak derailment

    The train was reportedly travelling at more than 80 miles per hour when it derailed. "I saw a little bit of both", Konzelman said. Seven trillion dollars spent in the Middle East while our roads, bridges, tunnels, railways (and more) crumble!
    Mohamed Salah scores 20th goal in Liverpool rout

    Mohamed Salah scores 20th goal in Liverpool rout

    We gave just the one chance, but that's pretty much normal; I think really well deserved and I enjoyed the performance".
  • Isaiah Thomas Looks to Make Cavaliers Debut First Week of 2018

    Isaiah Thomas Looks to Make Cavaliers Debut First Week of 2018

    McMenamin's update comes after Shams Charania of Yahoo Sports reported Thomas is striving to return by the first week of January . Thomas' return is projected to be sometime within the next three weeks, with the January 3 return to the Garden circled.

    P Diddy says he wants to buy the Carolina Panthers

    Richardson, a former receiver for the Baltimore Colts, received a heart transplant in 2009 that saved his life. Curry grew up in Charlotte and loves the Panthers, so this would be a big deal for him.
    Chick-fil-A opened on Sunday to feed stranded passengers in Atlanta

    Chick-fil-A opened on Sunday to feed stranded passengers in Atlanta

    "All the hotels were completely booked out for about a 30-mile radius so my daughter and I slept on the nice, cold, hard floor". Mondays and the holiday breaks are the busiest times for Hartsfield-Jackson International, and this just made it worse.


Popular

Some key quotes after ethics watchdog's ruling that Trudeau broke conflict rules
Dawson said Aga Khan developed a friendship with Trudeau's father in the late 1960s but is not a friend of the current president. The vacations are gifts under the conflict of interest regimes that Dawson administers.

National Hockey League rumors: Islanders to find out Belmont arena fate Wednesday
The decision has come down to the New York Islanders and NYCFC of MLS, the final two bidders for the 43 acres. Coming back to Long Island would give fans what they want even if that means dealing with some traffic.

Take part: Washington blames Pyongyang for WannaCry cyberattack
Bossert called on governments and businesses to come together to reduce the risks of cyber attacks and for harsher punishments. Thomas Bossert, an aide to US President Donald Trump, made the accusation in the Wall Street Journal newspaper.

Vivo prototype smartphone using Synaptics' in-display fingerprint sensor spotted online
Synaptics is planning a demonstration for January 2018 on a full-production, soon to be announced "tier one" customer phone. He added that Synaptics expects to sell around 70 million units of the Clear ID technology in 2018.

Celtics get late steal to rally past Pacers
Frank Kaminsky equalled his season-high tally of 24 points in Charlotte's 109-91 victory over the New York Knicks. Irving stepped out to the left corner for a 3-pointer, cutting the IN lead to 107-105 with 27.5 seconds left.

Shinee singer Kim Jong-hyun: K-pop boy band superstar dies
The singer debuted with SM Entertainment's five-member group SHINee back in 2008, who later worked on solo projects. The cause of death is now unknown, but police told BBC that they are investigating suicide as a possibility.

First Women's Rumble Match Announced For WWE Royal Rumble
Women already on the main roster were forced to step up their game to keep up with these young stars and absolutely delivered. Unless of course they grab some people from NXT and the Performance Center.

WannaCry cyberattack: United States says it has evidence North Korea was 'directly responsible'
A few weeks ago, we charged three Chinese nationals for hacking, theft of trade secrets and identity theft. Days after the assault, security researchers began to suspect North Korea was behind the attack.

Rafa Benitez targets January signings after Newcastle winless run extends
Newcastle improved during the second half, but could not get back on level terms with the hosts. We have an idea [what we can do in January].

Antoine Griezmann Gets Green Light To Leave Atletico Madrid
The change in heart came after Griezmann felt he couldn't abandon the side at a time when they were unable to replace him. Manchester United boss Jose Mourinho has opened the door to buying in January.