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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.

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