AT&T celebrates tax reform: How does a $1000 bonus for everyone sound?
21 December, 2017, 01:14 | Author: Sheri Evans
And AT&T, which is attempting to buy Time Warner for $85.4 billion, was so giddy about the plan that it said it will celebrate by giving each of its 200,0000 union, non-management employees in the US a $1,000 bonus, and it also pledged to spend an additional $1 billion domestically next year.
As many as 200,000 employees will receive a bonus of $1,000 under the plan, according to AT&T.
AT&T announced Wednesday that it will give 200,000 of its USA employees $1,000 once the GOP tax bill is signed into law.
Some, like former New York City Mayor Michael Bloomberg, have said that it is "pure fantasy to think that the tax bill will lead to significantly higher wages and growth". The company also increased its capital expenditures budget by $1 billion in the USA.
Shares of AT&T were up 1.16% on Wednesday, to $38.49.
AT&T is in the process of acquiring Time Warner Inc. for $85.4 billion, but the U.S. Department of Justice has sued AT&T to block the deal, saying it could raise prices for rivals and hamper development of online video.
The House of Representatives on Wednesday sent tax reform legislation to President Donald Trump, who is expected to sign it soon.
AT&T's Wednesday announcement could also be read as an effort to get into Trump's good graces.
The telecom giant also said it would increase its capital expenditures budget by $1 billion in response to the landmark legislation, which cuts the corporate tax rate from 35 to 21 percent. It's not clear when Trump plans to sign the bill, which passed the House and Senate this week.
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To be sure, AT&T isn't the first company to recycle old news to impress Trump.
Major government contractor Boeing said it will provide an additional $300 million for job-training, facility upgrades and charitable giving.
The firm, which still needs government approval to allow it to take over Time-Warner, also said it would invest an additional $1bn in the United States in 2018. The banking corporation said approximately 3,000 employees will benefit from the wage increase.
On the other hand, AT&T stands to be a potential beneficiary of another recent move by the Trump administration: the repeal of net neutrality regulation.
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Indeed, the 31-year-old's own unbeaten domestic sequence is even longer than the 19 months Celtic had enjoyed collectively. It's a big thank you to the players for what we've done. "If the pitch was better we might have kept it better".
Another match was added to the pay-per-view later on in the night. "They deserve their own match at Royal Rumble ". For most of 2017, there has been one rumor that constantly simmered: the Women's Royal Rumble .
Kournikova, 36, reportedly gave birth to a baby boy, Nicholas , and girl, Lucy , over the weekend in Miami. Kournikova even appeared as the love interest in the music video for Iglesias' song " Escape ".
Rycroft said his country believes Jerusalem is a final-status issue and should be a shared capital of Israelis and Palestinians. Echoed by Abbas, he said that the USA "destroyed" the two state solution and "undermined all peace efforts".
Reid confirmed the existence of the program, as did Pentagon officials, though the latter claim that the program ended in 2012. Bigelow, a devout believer that aliens have visited Earth, is now working with NASA on producing space modules for human use.
Conceding at least woke the Foxes up and Benteke nearly gifted them an immediate equaliser, heading inches wide of his own goal. On Saturday, we did score them. "It was not a good game for us and Crystal Palace deserved this result".
Ben Roethlisberger hit Jesse James for what appeared to be a 10-yard touchdown, but a review showed James lost possession. Brown left in obvious pain after getting his left leg tangled up with a pair of New England defenders.
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The main event matchup between Lawler and Dos Anjos was very close on paper, which is why the fight was worth an extra 120 points. He beat Demian Maia, but he looked really bad when he fought Demian, and I have no comments on that guy".
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Stafford completed 25 of his 33 throws, to eight different receivers, for 237 yards, two touchdowns and no interceptions. The last time the teams meet, Chicago racked up 222 rushing yards, but were held to 43 in Saturday's loss.