It’s only been a few hours since the House voted to send the final version of the Tax Cuts and Jobs Act to President Trump, and we are already starting to see results.
AT&T just announced that it will give 200,000 employees a $1,000 bonus once the bill is signed into law. In addition, the company plans to keep its promise to invest an additional $1 billion in the United States.
“This tax reform will drive economic growth and create good-paying jobs,” said AT&T chairman and CEO Randall Stephenson. “In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees."
Boeing is taking action as well, declaring that it will make a $300 million employee-related and charitable investment thanks to tax reform.
“For Boeing, the reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth.”
It’s clear American companies are ready for the Tax Cuts and Jobs Act to become law. Our reforms will enable them to compete on a level-playing field and bring capital back home to reinvest in their businesses and raise wages for hardworking employees.
This isn’t fantasy world—This is what our country will look like with a new tax code in 2018. And it’s just the beginning.
To learn more, visit speaker.gov.