Comcast and Wells Fargo hand out wage rises and bonuses too - Gothamist News/gothamist.com

Hot

Post Top Ad

Wednesday, December 20, 2017

Comcast and Wells Fargo hand out wage rises and bonuses too





Some of America's biggest companies gave workers a Christmas cheer Wednesday as they passed on some of their winnings from a dramatic corporate tax cut.
AT&T said that it will pay $1,000 bonuses to more than 200,000 employees - and promised to make $1 billion in new investments in the United States next year - once a tax reform bill approved by Congress is signed into law.
The Republican-controlled House and Senate have given final approval to the biggest overhaul of the U.S. tax code in 30 years, sending the sweeping bill to President Donald Trump for his signature.
As part of that bill, the tax rate on corporations will drop from 35 per cent to 21 per cent. Trump previously called the measure 'rocket fuel' for the economy.
After AT&T's announcement, other companies followed suit.
Comcast NBCUniversal said it would award $1,000 bonuses to more than 100,000 workers, 'based on the passage of tax reform' and a recent FCC decision to repeal 'net neutrality' rules.


No comments:

Post a Comment

Post Top Ad