Search
 
News

Companies Try to Show Tax Cut Will Help Workers

Boeing announces $300 million investment in employee training, while AT&T promises bonuses.

By Matt Townsend, Bloomberg | Updated on December 21, 2017

Looks likes corporate America is trying to sway public opinion on the unpopular tax bill—or at least gain favor with the president.

Donald Trump has touted the legislation as benefiting the middle class, even though a majority of Americans say it will help the wealthy. In the run-up to the bill’s passage, U.S. chief executives had made few specific promises about using savings from a big reduction in the corporate tax rate to create jobs or invest in the country. That changed on Wednesday.

As the bill raced through Congress, Boeing Co. announced it would invest $300 million in a combination of employee training, improved workplace infrastructure, and corporate giving. About an hour later, AT&T Inc. said 200,000 U.S. workers—including all union members—would each get a $1,000 bonus to celebrate. Trump cited AT&T’s plan at a news conference Wednesday.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.