Several major companies announced plans to increase wages and give out holiday bonuses in response to Congress passing the Republican tax overhaul bill on Wednesday, but not everyone was excited about the news.
Large companies like AT&T, which said it will give $1,000 special bonuses to more than 200,000 employees and invest an additional $1 billion in the U.S., declared their plans on Wednesday afternoon, as the GOP passed sweeping tax reform that included a major cut in the corporate tax rate. The bill’s passage marked the Trump’s administration’s most significant legislative victory to date.
President Donald Trump tweeted about the firms’ actions on Thursday morning, writing that the “massive tax cuts” had already led to companies making “big payments to workers.”
The Massive Tax Cuts, which the Fake News Media is desperate to write badly about so as to please their Democrat bosses, will soon be kicking in and will speak for themselves. Companies are already making big payments to workers. Dems want to raise taxes, hate these big Cuts!
— Donald J. Trump (@realDonaldTrump) December 21, 2017
Some media figures, however, expressed derision for companies like AT&T and Comcast making these announcements, describing them as crass public relations efforts or as attempts to curry favor with Trump.
Companies saying they will increase wages/give bonuses to employees because of the tax bill so far:
AT&T
Comcast
Wells Fargo
Fifth Third Bancorp— Michael Del Moro (@MikeDelMoro) December 20, 2017
Company pays giant bonus to employees to make the president look good while it has a merger pending – what would you say if you saw it in another country? https://t.co/jBghEQrEOC
— Brendan Nyhan (@BrendanNyhan) December 21, 2017
AAN Staff
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