Comcast announced on Wednesday that they will distribute $1,000 bonuses to more than one hundred thousand frontline and non-executive employees and invest more than $50 billion in infrastructure investment over the next several years to celebrate Republicans passing tax reform.
Comcast announced in a statement:
Based on the passage of tax reform and the FCC’s action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees. Roberts also announced that the Company 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, and our television, film and theme park offerings. With these investments, we expect to add thousands of new direct and indirect jobs. We will have more to say on capital at our upcoming January 24th earnings report.
Several other American corporations announced that they will also invest in their employees, giving their workers bonuses, wage hikes, and invest in America.
Fifth Third announced that they will raise their minimum wage for employees to $15 an hour and distribute a $1,000 bonus to more than 13,500 employees this Christmas season.
Fifth Third President Greg Carmichael said, “We want to invest in our most important asset – our people. Our employees drive our reputation, our business and our success.”
“It is good for our communities, employees and Fifth Third Bank,” Carmichael added.
Fellow bank Wells Fargo also announced that they will raise their staff minimum wage to $15 an hour and would also target $400 million in donations to community and non-profit organizations next year thanks to the Republican tax bill.
AT&T announced on Wednesday that they will distribute more $1,000 bonuses to more than 200,000 of their employees and invest more than $1 billion next year in their domestic business.
Boeing told their employees on Wednesday that they will invest more than $300 million on workers and charitable donations thanks to the Republican tax proposal.
“On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States,” Boeing CEO Dennis Muilenburg said in a press release. “It’s the single-most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.”
President Donald Trump cheered his congressional Republican colleagues in a statement on Wednesday after the House passed the Tax Cuts and Jobs Act. Trump declared, “I promised the American people a big, beautiful tax cut for Christmas. With final passage of this legislation, that is exactly what they are getting. I would like to thank the members of Congress who supported this historic bill, which represents an extraordinary victory for American families, workers, and businesses.
President Trump concluded, “Unemployment continues to fall, the stock market is at a record high, and wages will soon be on the rise. By cutting taxes and reforming the broken system, we are now pouring rocket fuel into the engine of our economy. America is back to winning again, and we’re growing like never before. There is a great spirit of optimism sweeping across our land. Americans can once again rest assured that our brightest days are still to come.”