© Imagen ilustrativa. Amr Dalsh / Reuters
Some of America's biggest companies are launching new initiatives to benefit employees after the GOP-led House of Representatives approved the largest tax reform bill in three decades this week.
The $1.5 trillion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally. The new plan, which is expected to be signed by President Donald Trump by January at the latest, is being hailed as a major victory for corporations and wealthy Americans.
FOX Business breaks down how employees at some major companies are benefitting from the corporate world's good fortune.
AT&T
The telecom giant said Wednesday that more than
200,000 of its employees, including union-represented and non-management workers, will be eligible for a $1,000 bonus. The checks will be in the mail in time for the holidays if Trump finalizes the tax bill with his signature before Christmas. AT&T (
T) also said
it will invest $1 billion more than expected in the U.S. in 2018, once the cuts are final.
"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 Chairman and CEO Randall Stephenson said in a statement. "This tax reform will drive economic growth and create good-paying jobs."
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