AT&T Gives 200K Bonuses Thanks To GOP Tax Bill

AT&T on Wednesday hailed Congress’ passage of tax cuts and announced it would invest an additional $1 billion in the United States next year, and pay a one-time $1,000 holiday bonus to more than 200,000 U.S. employees.

In a press release, the company, which is in the midst of a proposed $85 billion merger with Time Warner, said the bonuses would be paid to all “union-represented, non-management and front-line managers.”

“If the President signs the bill before Christmas, employees will receive the bonus over the holidays,” the press release said.

AT&T has previously backed the tax plan, with CEO Randall Stephenson saying at a Business Roundtable event earlier this year that it would be a “bad indictment” if Republicans failed to pass the bill.

Read more at The Hill.