AT&T To Give US Employees A Bonus Because of the Tax Bill

AT&T To Give US Employees A Bonus Because of the Tax Bill

AT&T To Give US Employees A Bonus Because of the Tax Bill

The idea that the new tax cuts will necessarily pay for themselves by generating federal revenue growth is dubious; the idea that the AT&T bonuses might pay for themselves by smoothing the way for merger approval isn't.

In the 2016 USA elections, Republican candidates got 62 percent of $2.7 million in donations to federal candidates from AT&T's political action committee that pools contributions from employees, according to the Center for Responsive Politics.

The company's press release Wednesday said it would give more than 200,000 union members a special bonus of $1,000 each, as CNBC reported.

AT&T wasn't the only company spreading the holiday cheer on Wednesday. And then there's the mega-merger pending with Time-Warner that Trump's DOJ is now suing them over. The banking corporation said approximately 3,000 employees will benefit from the wage increase.

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

"Republican leaders have promised that households would receive on average, a yearly $4,000 wage increase", they wrote. President Trump himself has stated that he's no fan of the merger.

Trump himself said the proposed merger is "not good for the country".

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

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"I love the example of AT&T", he said.

The Department of Justice cited concerns that the merged companies could charge unfair fees to consumers. At the center of that conflict was CNN, which the president has often blasted as "fake news". Some critics, though, have been quick to suggest that the company's vociferous support of the bill is primarily an effort to curry favor with the Trump administration and complete a merge with Time Warner that was blocked last month.

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

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