American Action Network Published December 21st
AT & T: With Tax Reform, AT & T Plans to Increase U.S. Capital Spending $1 Billion and Provides $1,000 Special Bonus to more than 200,000 U.S. Employees. "Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world, this tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our employees". Randall Stephenson, Chairman and CEO.
Comcast: Comcast Announces Special Bonus and Capital Investments. "Based on the passage of tax reform and the FCC's action on broadband Comcast will award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees, Comcast expects to spend well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity. With these investments, we expect to add thousands of new direct and indirect jobs. Brian L. Roberts, Chairman and CEO.
Dow Chemical Company: "The Tax Cuts and Jobs Act is an historic and critical win for American Manufacturing and competitiveness. Like Dow, manufacturers will be drawn to invest here due to the permanent low corporate rate, the new territorial tax system and immediate expensing of capital investments. We commend the U.S. Congress for passing this pro-growth tax reform legislation which will help strengthen U.S. competitiveness and job growth ". Andrew Liveris, Chairman and CEO.
Fifth Third Bancorp: Fifth Third Bancorp Invests in Employees. "Newly passed tax legislation includes a reduction in corporate tax rates designed to spur economic growth. The tax cut will allow the bank the opportunity to share benefits with its talented workforce. A higher wage is an important step to help support individuals. their families and the the communities in which we operate. Fifth Third has a history of investing in its 18,000 employees. Once the legislation is signed into law, nearly 3,000 hourly employees will see their pay increase to $15 an hour. The one-time $1,000 bonus is expected to be distributed by the end of the year ". Greg D. Carmichael, President and CEO.
General Electric (GE): GE Applauds Congress and the White House for their Commitment to Passing Historic Tax Reform Legislation. "GE commends Congress and the white House for their commitment to passing historic tax reform legislation. GE supports the tax reform plan because it would upgrade the U.S. to a territorial tax system for the first time in history, bring rates in line with other countries, and allow U.S. businesses and workers to compete fairly around the world, so it's the quality of our products that determine whether we win global deals and not tax differences." GE.
Wells Fargo: Wells Fargo Raise Minimum Hourly Pay rate to $15, Target $400 million in 2018. Philanthropic Contributions, Including Expanded Support for Small Businesses and Homeownership. "We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses and homeowners. We look forward to identifying additional opportunities for Wells Fargo to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders. As the nations's largest small business lender and residential mortgage provider, we understand our significant role in helping grow the economy." Tim Sloan, President and CEO.
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