Tax reform is an investment in America’s workers, allowing businesses to hire, invest, expand and grow. As the final tax reform bill heads to President Donald Trump’s desk for his signature, the benefits are already starting to materialize.
Telecom manufacturer AT&T announced last month that, if the pro-growth tax reform bill became law, it would immediately invest $1 billion in the United States, which the company estimated would create 7,000 new jobs.
On Wednesday, AT&T’s CEO made headlines with a new announcement. If tax reform is signed into law before Christmas, 200,000 employees will receive a special $1,000 bonus:
Once tax reform is signed into law, AT&T* plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees—all union-represented, non-management and front-line managers. If the President signs the bill before Christmas, employees will receive the bonus over the holidays.
JUST IN: AT&T announces it will "pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees" due to tax reform passage and will also increase US capital spending by $1 billion. https://t.co/jn8limUSe7
— CNBC Now (@CNBCnow) December 20, 2017
Manufacturers have said time and time again that bold, pro-growth tax reform will allow manufacturing businesses to invest more in their employees, expand their workforce and compete abroad. In a recent National Association of Manufacturers survey, 54 percent of manufacturers said they plan to hire more workers if tax reform becomes law, 63 percent said they would increase capital spending, and 58 percent said they would expand their business.
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