Fortune 500 Companies Hand Out Xmas Goodies Post-Tax Reform

A vast number of major corporations are celebrating President Trump’s tax reform bill passing Congress — by giving bonuses, pay bumps, and other new perks to their workers.

Yesterday, AT&T publicly announced they would give $1,000 year-end bonuses to more than 200,000 workers. They also announced they would invest $1 billion in new infrastructure projects.

These announcements were followed soon after by airplane maker Boeing, the largest manufacturer in the United States, who revealed they would spend an additional $300 million on their employees. Approximately $100 million would go to strengthening their charitable giving matching, $100 million would come through new workforce development training for their workers, and $100 million would come in the form of rebuilding their facilities.

Not to be left out, cable provider Comcast — the parent company of MSNBC — also announced they would give $1,000 bonuses to 100,000 American employees. Shipping giant FedEx publicly declared they would ramp up hiring, buy new equipment, and invest heavily in technology, though they didn’t specify a dollar figure.

Read more at American Action News.