AT&T promises $1000 bonus for employees after Pres. Trump signs tax bill

This Tax Bill Is a Trillion-Dollar Blunder

The telecom giant said in a press release on Wednesday that it would give more than 200,000 USA union members a special bonus of $1,000. For union-represented, non-management employees at AT&T, the bonus is another temporary boost that ultimately fits into the small fraction of the total tax benefits that the bill will bring.

"If the President signs the bill before Christmas, employees will receive the bonus over the holidays", AT&T said in a press release Wednesday.

Following the signing of the bill, AT&T officials said the company will invest an additional $1 billion in the U.S.in 2018.

"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.

In touting the GOP tax overhaul, Trump has repeatedly emphasized the importance of creating jobs.

Both the House and Senate passed the final version of the Republican tax bill on Wednesday, and a number of companies took the opportunity to announce special bonuses or pay hikes.

AT&T has almost 9,000 employees in Missouri - and "the vast majority of these employees are eligible for this special bonus", spokeswoman Katie Nagus told the Post-Dispatch.

The move could be an effort to appeal to the Trump administration, which recently blocked the AT&T-Time Warner merger, saying it would place "too much concentration of power in the hands of too few".

Stephenson has averaged a bonus of about $5.2 million over the past three years.

"I love the example of AT&T", he said. "... Deals like this destroy democracy".

The Department of Justice cited concerns that the merged companies could charge unfair fees to consumers. Trump has been a frequent critic of CNN, labeling it "fake news".

Or, the people said, AT&T could sell off DirecTV, the satellite television provider that it bought two years ago for almost $49 billion.

We're sure that has nothing to do with it though...right, The Justice Department?

The DOJ filed a lawsuit to block the merger on November 20. "We see no legitimate reason for our merger to be treated differently".

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