Thanks, GOP! AT&T will give employees $1000 holiday bonuses when tax cuts pass

Thanks, GOP! AT&T will give employees $1000 holiday bonuses when tax cuts pass
It's not only T-Mobile that will benefit from the tax cut bonanza that Congress and Senate just passed, AT&T employees could feel the love, too. There seems to be a concerted effort to prove the trickle-down economic theory right, as many companies announced they will invest in the US and/or give employees bonuses if the tax reform passes before Christmas. We don't know what kind of hand-twisting has been going on behind the curtain, but AT&T was one of the first to bring the good news. Besides $1 billion in new US investments, AT&T said that it will be able to give $1000 to more than 200,000 of its non-management employees, or its entire such workforce. 

When the $1.5 trillion tax cut thingy is in effect, AT&T workers should see their paychecks padded, just as President Trump's administration hoped, and maybe a bit sooner than they envisioned. AT&T is also looking to get the merger with Time Warner approved, and we know how the President cares about the fate of his favorite CNN network. A one-off PR campaign for the tax bill or not, the $1000 bonuses would be a nice holiday miracle for AT&T employees, right after they won a legal fight for better pay and perks

As for the trickle-down theory, it didn't happen with previous significant tax cuts, but the jury will be out on this one in the next years to gauge if it's been tweaked well enough to work. The $1000 extra is about a 3% bonus for a regular employee, while the cut in taxes is close to 50% for some companies, so the math works out, and AT&T's CEO Randall Stephenson feels pretty giddy about it:


source: NBC

FEATURED VIDEO

28 Comments

1. Peacetoall unregistered

Merry christmas for working class Americans.

2. Peacetoall unregistered

Im really happy for my american freinds because many people will be employed and would earned for their own livelihood. thus less people will be on welfare.

3. Peacetoall unregistered

4. GreenMan

Posts: 2697; Member since: Nov 09, 2015

Yup, $1,000 per family is really going to boom American Economy! They can finally get that iPhone X! Who cares about tax cuts to the wealthiest of Americans? More tax cuts = big bump is executive employee's salary! They'll have more money for parties, exotic cars, posh mansions and of course, red champagne! Whereas the blue collar Americans... Well, who cares about those blue collar low-lives, eh? G'Day!

6. piyath

Posts: 2445; Member since: Mar 23, 2012

No buddy. This is how an economy should grow. If the government increased cooperate tax rate and decrease middle class tax rate drastically economy will shrink. By this tax cut Trump's main aim is to double the size of American economy, what does that mean, it means more jobs, more companies, more competition, higher wages and overall a happy country. Democrats like to please middle class by taking wealth from Rich but that'll be temporary and ruin the economy. In that way politicians only getting Rich not the cooperate sector or the middle class.

20. medicci37

Posts: 1361; Member since: Nov 19, 2011

The tax cuts don't help so much when it increases the deficit so much. They should have gotten rid of the loopholes Trump said he would do away with. The special benefits he gave out in the real estate sector are ridiculous! Also it's not fair that some middle class payers will pay more in taxes. Then there's the fact that only the tax cuts for the wealthy are permanent.

28. polaromonas

Posts: 5; Member since: Mar 02, 2015

I disagree. What has always been consistent in any economy is consumption. Everyone has to eat and buy stuff. The more transactions occur means the stronger the economy because there will always be someone benefitting from each transaction. This is why trickle down economics will not work. Shrinking the buying power of the middle-class will eventually affect the wealthy because less money will change hands. Trump's policy could never double the size of the economy when the buying power shrinks. The rich can only buy so much bread. They are already at their maximum buying power. When you put more money in the less-wealthy people, they'll consume more. Simply as that. BTW, you claim higher wages, but the GOPs also oppose increasing minimum wage.

8. Peacetoall unregistered

Wow evil corporation are finally doing good thing first time by giving free bonus package to their employee and investing billions of dollar into the economy. Wtf I hate free money - typical brainlet liberals

18. makatijules

Posts: 835; Member since: Dec 11, 2017

ow long you think $1000 is gonna last for a family that lives paycheck to paycheck. Typical brainless Republican. Just because you may not have money issues, doesn't mean no one does. People with money will never understand what is like to not have it. I live for the day I hope rich people lose all there money, and then watch them all commit suicide because they can't handle being poor.

5. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

So the billionaires will have more money to spend on million dollar cars and multiple yachts? I am so happy Trump won, Murica finally getting what it deserves.

7. piyath

Posts: 2445; Member since: Mar 23, 2012

I really pitty you. Do you know the size of your brain? It's like a pea seed. You have a pea brain. Capitalism is what grow the economy not communism.

12. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

Who said anything about communism? If anything increase taxes for everyone and mostly the rich, and instead invest those trillions in healthcare, education and innovation, like countries with brain do, Switzerland, Norway, Sweden etc. And before you tell me if you tax the rich they wont invest and it wont work, well look at the countries above with super high taxes, lots of rich people and happy people.

13. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

All the statistics and prediction point to this tax break benefiting the rich mostly. The only thing Trump can say that this is pretty and awesome, he has no data or anything to back it up besides a hope.

9. Peacetoall unregistered

Billionaires were always vile people atleast they are giving good freebies following tax bill. Today liberals are horrible.

10. Tmarco

Posts: 10; Member since: Sep 29, 2016

Yes. This will give/save 1000 or more to workers.. However will save millions to big corporate like trump.. This cut tax law will only benefit millionaires..

11. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

My company raise my salary finally because of this, best of all, my tax rate is also reduce. So glad I voted Trump and I will vote him again. Basement dweller who has no job definitely benefits nothing from it that's why they hate Trump.

19. makatijules

Posts: 835; Member since: Dec 11, 2017

So not liking Trump. means you're a basement dweller. Got it! When the economy falls on on you, make sure you place the blame where it belongs. You think your boss couldn't have given you a raise before that? I mean be real. Corps makes millions a year or even billions and they give their CEO's millions in bonuses and give other employees nothing. Do you need proof of that? http://www.nbcnews.com/id/38935053/ns/business-us_business/t/ceos-lay-thousands-rake-millions/#.Wjv0eGinGUk In 2009, HP due to bad decisions, laid off 6400 workers, the CEO reaped a $24M pay check. You think 6400 employees payroll equaled $24M bucks? Wake up dude.

14. NarutoKage14

Posts: 1318; Member since: Aug 31, 2016

Maybe this is part of the better pay they previously won?

22. makatijules

Posts: 835; Member since: Dec 11, 2017

No. The Union payment was $1000 to 20,000 employees. The Bonus to 200,000 because of the tax break. What the clones miss is, ATT can afford to do this every year and don't If they really wanted to give something, they could give $5000 each. They surely can afford too, as its the employees that do all the work.

15. ant1171984

Posts: 12; Member since: Nov 03, 2010

Oh brother. Here come's a political war on phonearena.

16. cmdacos

Posts: 4105; Member since: Nov 01, 2016

If you look into this (was talked about on TWIG yesterday) this $1000 bonus was mandated by the union two weeks ago and before the tax cut. Nice spin though.

21. makatijules

Posts: 835; Member since: Dec 11, 2017

Link? I want to see that for myself. The Union mandate was for 20,000 employee. Not 200,000 employees! LOL...but its easily confused. Am sure it wasn't on purpose!

26. Brewski

Posts: 671; Member since: Jun 05, 2012

EXACTLY. There is no way to prove this bonus is related to the tax cuts. I'm sure AT&T had this bonus planned beforehand. This proves nothing. Republicans will boast immediate results, but the two are not even connected.

17. southernzombie

Posts: 355; Member since: Jan 17, 2017

Nothing like seeing a bunch of people discuss tax law that have no idea what the hell they are talking about.

23. Gsmalltheway

Posts: 275; Member since: Aug 15, 2009

Nothnig is never good enough for Democrats... Multiple companies announced they are increasing minimum wage pay. Please show me an argument against companies paying their employees more

24. 87186

Posts: 312; Member since: Aug 01, 2014

a simple google search will provide ample evidence of companies against the increase in minimum wage...as well as providing benefits.

25. mike2959

Posts: 694; Member since: Oct 08, 2011

People are STILL complaining. Complaining about 1000.00. We truly live in an entitled world. My god. Nobody owes any of you a damn thing. I didn’t vote for Trump but will any of those AT&T give say no they don’t want it?? Yeah no...I hope the rich get richer. I hope they choke on all that money. I’ve never met anyone that works for a poor person.

27. p51d007

Posts: 703; Member since: Nov 24, 2013

I've heard multiple companies giving bonus money to their employees, multiple companies investing money back into their companies. Once other corporations bring money sitting off shore BACK to the USA, with a lower tax rate, that money can also be used to expand business and put more money back into the economy.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.