More Tax Winning: Comcast Announces Employee Bonuses, $50 Billion in Investment

More Tax Winning: Comcast Announces Employee Bonuses, $50 Billion in Investment

Almost 200,000 employees at AT&T will receive the bonus, as well as all "eligible frontline and non-executive employees" at Comcast. "That's pretty good", Trump said.

In a press release, the company, which is in the midst of a proposed $85 billion merger with Time Warner that President TrumpDonald John TrumpHouse Democrat slams Donald Trump Jr. for "serious case of amnesia" after testimony Skier Lindsey Vonn: I don't want to represent Trump at Olympics Poll: 4 in 10 Republicans think senior Trump advisers had improper dealings with Russia MORE has criticized, said the bonuses would be paid to all "union-represented, non-management and front-line managers".

The announcement by the company Wednesday had raised questions about whether it was attempting to curry favor with Trump.

"From my standpoint, the driver of this is the business tax reform... if we get investment going, we get productivity going, we get wage gain going, we invest another billion dollars", Stephenson said at the time.

"I can not overstate how important I think a tax bill that makes the U.S. corporate taxes a competitive regime around the world - that's big". The Philadelphia-based cable behemoth also plans on spending "well in excess of $50 billion over the next five years" on infrastructure to improve and extend its broadband plant and capacity, as well as on its television, film and theme park offerings, Comcast said.

Wells Fargo announced a similar measure Wednesday, saying it would pay more than 13,500 employees a bonue and raise the minimum wage for its workers to $15 after the Republican tax plan is passed. "This tax reform will drive economic growth and create good-paying jobs".

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He added that it would be a "capital-freeing" event for corporate America.

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Obama's policy led to massive job and wage losses.

Many expect companies to put much of the money saved on taxes into share buybacks and dividends. "They're trying to make an unpopular tax bill a little less unpopular". Trump declared, "I promised the American people a big, attractive tax cut for Christmas". The San Francisco-based bank also said it would target $400 million in donations to community and nonprofit organizations next year. Wells Fargo is facing an additional inquiry for wrongly charging fees to secure low mortgage rates.

AT&T said Wednesday it will give 200,000 of its US employees a $1,000 bonus once the Tax Cuts and Jobs Act is signed into law - a move President Trump touted in a speech after Congress passed the massive tax cut bill.

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