These Companies Pledged To Give Employees Bonuses After Tax Plan Passage

These Companies Pledged To Give Employees Bonuses After Tax Plan Passage

Hours after House and Senate Republicans passed a massive tax overhaul bill, several large companies announced they would give their employees bonuses and raise their wages. The overhaul will cut the corporate tax rate from 35 percent to 21 percent, leaving companies with more money, which several have pledged to spend on their workers.

AT&T has said it plans to pay its employees a one-time $1,000 bonus and invest $1 billion into its U.S. networks. After At&T’s announcement, Comcast said it would also give its employees a special holiday bonus and, over the next five years, spend more than $50 billion to expand its broadband capacity.

Wells Fargo announced it would raise the minimum wage it pays employees to $15 an hour. Fifth Third Bancorp also plans to raise its base wage, as well as distribute bonuses.

Boeing is going to invest $300 million in charitable endeavors and company investments.

Bre Payton is a staff writer at The Federalist. Follow her on Twitter.
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