Telecom giant AT&T and other corporations pledged to give each of their employees $1,000 bonuses after Congress approved tax cut reform.
AT&T was the first to announce plans to distribute $1,000 bonuses to 200,000 employees after President Donald Trump signs the GOP tax reform legislation into law.
The House and the Senate approved the sweeping tax cut measure on Tuesday and early Wednesday morning. Not one Democrat approved tax cuts for hard working Americans.
"Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world," AT&T CEO Randall Stephenson said in a statement on Wednesday. "This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees."
AT&T said it will also invest $1 billion into the American economy.
Late Wednesday, Comcast NBCUniversal, Boeing, and others also pledged to give their employees $1,000 bonuses.
Additionally, Comcast is pledging at least $50 billion over the next five years to boost the economy.
Do you work for any of these companies? How do you plan to spend your bonuses?