http://time.com/5074911/tax-reform-bill-company-investments-bonuses/ Several companies announced new investments, minimum wage hikes and employee bonuses on Wednesday as a result of the passage of Republican tax reform bill, which is set to bring them significant tax cuts by lowering the corporate tax rate. AT&T AT&T said it would give $1,000 bonuses to more than 200,000 employees in the U.S. once the tax bill is signed into law and promised to invest an additional $1 billion in the U.S. in 2018. CEO Randall Stephenson praised the tax legislation as “a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world.” Trump praised AT&T’s announcement in remarks at the White House. “That’s because of what we did,” he said. “So that’s pretty good. That’s pretty good.” AT&T is currently awaiting approval from Trump’s Justice Department of its pending $85 billion acquisition of Time Warner. Boeing Boeing announced that it would spend $300 million on “employee-related and charitable investments” because of the tax plan. “The reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth,” CEO Dennis Muilenburg said in a statement Comcast Comcast is giving $1,000 bonuses to 100,000 “frontline and non-executive employees,” the company announced, citing the rollback of the FCC’s Obama-era net neutrality rules and the passage of the tax reform bill. CEO Brian Roberts also said the company expects to spend “well in excess of” $50 billion on infrastructure investment over the next five years. Fifth Third Bankcorp Fifth Third Bancorp said it would increase its hourly minimum wage to $15 for U.S. employees. Wells Fargo Wells Fargo said it would increase its minimum wage for U.S. employees from $13.50 to $15 and spend $400 million on donations to nonprofits and community organizations in 2018.
And lookee there---Chuck U Schumer claimed that ATT would line it's pockets with the new tax bill. er hehe
With more to come. Businesses expand where the net cost of production is lowest. Trump has created policy and has provided poltical incentive to encourage businesses to start and expand in the United States. As our economy strengthens, the trend of businesses increasing investment and expansion will increase. That is until the media talks the economy down like they did during H.W. Bush’s Term.
When you really drill down on reason for Trump hatred, you'll find that there only one logical answer.----He is an outsider and the Establishment just cannot have an outsider breaking in to their manor---
It would not matter if Trump cleaned up his tweets or went away from them entirely and started conforming to the "presidential" norm. ----He is an outsider and will be beaten on irrespective of anything else.---