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

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

AT&T has been in the political news quite a bit recently, due to the intrigue surrounding the Justice Department's decision to block their merger with Time Warner.

AT&T has said it plans to spend about $22 billion in capital expenditures in 2017, largely on its networks and video services.

AT&T had previously said it would invest $1 billion in the US if "competitive" tax reform legislation was passed, and has said that tax reform framework could increase demand for AT&T's services.

"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. "This tax reform will drive economic growth and create good-paying jobs", said Chief Executive Randall Stephenson.

"Tax breaks don't lead to job creation", Schumer continued. The company said if President Donald Trump signs the bill before Christmas, the bonuses will be paid over the holidays.

The company he mentions as a prime offender: Er, AT&T. Trump has said the deal is "not good for the country" because it might make prices increase.

Those comments hearkened back to statements Trump made on the 2016 campaign trail.

"This is a capital-freeing event", Stephenson said of the tax bill at an Economic Club of NY luncheon on November 29. Visit MarketWatch.com for more information on this news. 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. Charles Schumer of NY criticized AT&T on the Senate floor.

"We believe, and our investigation has found, the merger would harm competition, resulting in higher bills and less innovation for millions of American consumers", an official stated at the time. "We see no legitimate reason for our merger to be treated differently".

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