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Wednesday, December 20, 2017
Every AT&T worker gets $1,000 bonus after tax bill passes
And their not the only one.
Check it out.
Pelosi called the new take bill what...Armageddon?
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Some of America's biggest companies gave workers a Christmas cheer Wednesday as they passed on some of their winnings from a dramatic corporate tax cut.
AT&T said that it will pay $1,000 bonuses to more than 200,000 employees - and promised to make $1 billion in new investments in the United States next year - once a tax reform bill approved by Congress is signed into law.
The Republican-controlled House and Senate have given final approval to the biggest overhaul of the U.S. tax code in 30 years, sending the sweeping bill to President Donald Trump for his signature.
As part of that bill, the tax rate on corporations will drop from 35 percent to 21 percent. Trump previously called the measure 'rocket fuel' for the economy.
After AT&T's announcement, other companies followed suit.
Comcast NBCUniversal said it would award $1,000 bonuses to more than 100,000 workers, 'based on the passage of tax reform' and a recent FCC decision to repeal 'net neutrality' rules.
President Donald Trump's tax-cut victory lap at the White House included the news that AT&T is responding by paying $1,000 bonuses to all its workers
In a letter to employees, AT&T CEO Randall Stephenson said the bonuses would be paid to all 'union-represented, non-management, and 1st and 2nd line managers'
Trump read aloud part of a news story about the move, saying more like it will be coming from corporate America
Father Christmas: AT&T CEO Randall Stephenson's firm was first to announce the Trump windfall for its workers
Big busness follows: Comcast, which also owns NBC Universal, announced $1,000 each for more than 100,000 staff, Boeing said it would put $300 million into workforce development and Wells Fargo hiked its minimum wage to $15 an hour
Roughly 100 GOP lawmakers came out to celebrate Wednesday with the president. Members of the president's cabinet and White House staff were also there
The cable and Internet giant also boasted that it 'expects to spend well in excess of $50 billion over the next five years investing in infrastructure.'
Boeing said it would make a '$300 million employee-related and charitable investment as a result of #TaxReform legislation.'
And Fifth Third Bancorp in Cincinnati, Ohio said it will pay $1,000 bonuses to more than 13,500 employees and raise the minimum wage for its workforce to $15 per hour because its tax rate is about to plummet.
Wells Fargo matched that $15 per hour minimum wage hike and said it was prompted by the tax plan. The San Francisco-based bank also said it would make $400 million in donations to nonprofit charities and other community organizations in 2018.
FedEx also showed optimism, with its CFO saying during an earnings call that the package shipping giant will likely expand if the tax cuts lead to larger national economic growth.
'GDP could increase materially next year as a result of U.S. tax reform. If this occurs, we would likely increase capital expenditures and hiring,' Alan Graf told investors.
In a victory-lap event on the White House's South Lawn, Trump read aloud a news account of the AT&T decision and said more like it are coming.
'That's because of what we did,' he said. 'So that's pretty good.'
'I mentioned AT&T,' he said minutes later, 'but many companies have come forward and [are] saying they're so happy, and they're going to be doing similar announcements.'
'Something this big, something this generational, something this profound could not have been done without exquisite presidential leadership. Mr. President thank you for getting us over the finish line,' said House Speaker Paul Ryan
GOP leaders congratulated Trump on the legislative achievement - the first major one of his presidency - one by one in remarks that praised him as the greatest executive officeholder in generations
Video playing bottom right...
Right after the House of Representatives passed the final version of the tax bill, Boeing announced $300 million in new spending in the U.S.
In a letter to employees, AT&T CEO Randall Stephenson said the bonuses would be paid to all 'union-represented, non-management, and 1st and 2nd line managers.'
'If the President signs the bill before Christmas, employees will receive the bonus over the holidays,' the company added.
The missive to AT&T's workforce said the new 21 percent corporate tax rate would put the U.S. 'in line with the rest of the industrialized world.'
'This new lower rate encourages businesses to invest more in the United States. And more investment creates more good-paying jobs and increases economic growth.'
Just minutes before AT&T announced its employee bonuses, Senate Minority Leader Chuck Schumer excoriated the company as a greedy corporation that would use its tax cut to buy back its stock and reward its executives.
'Over the last ten years, AT&T has paid an average tax rate of 8 per cent a year. They have 80,000 fewer employees today than they had then,' the New York Democrat complained.
'Tax breaks don't lead to job creation. They lead to big CEO salaries and money for the very, very wealthy.'
House Minority Leader Nancy Pelosi (left) said the tax cuts represented 'the worst bill in the history of the United States Congress'; Senate Minority Leader Chuck Schumer blasted AT&T as a greedy corporation just minutes before the company announced its bonuses
Trump's event on the White House's South Lawn was attended by nearly all the Republican members of Congress
The legislation sailed through by a 224-201 margin with 12 Republicans crossing party lines to side against it
House Minority Leader Nancy Pelosi, a California Democrat, said the Republican tax cuts represented 'the worst bill in the history of the United States Congress.'
But Trump predicted that an outpouring of domestic investment from American companies would be 'very special.'
'We're bringing the entrepreneur back into this country. We're getting rid of the knots and all the ties and we're going to – you're going to see what happens,' he said.
'And ultimately what does it mean? It means jobs. Jobs jobs, jobs.'
AT&T is involved in a takeover attempt of Time Warner, the parent company of CNN, which has put them at odds with Trump's Justice Department.
The DOJ is opposing it on competition grounds, and the case is set to make its way to court.
AT&T's rapid praise for the president may well be seen as a gesture intended to soften Trump's opposition to the merger.
But on the South Lawn, the merger was not mentioned amid jubilation at the first major legislative achievement of the Trump presidency.
'We are making America great again!' Trump said at the outdoor ceremony.
Rosie O’Donnell Vows to Give Jeff Flake, Susan Collins $2 Million Each if They Vote Against GOP Tax Cuts
Rosie O'Donnell offered Senators Flake and Collins $2m each to vote no on taxes
She offered the money over Twitter late Tuesday night just before it was passed
Neither senator listened to her though, as both voted 'Yes' early Wednesday
Vote was along strict party lines; Only GOP Sen. John McCain was absent
It is a felony to offer money to a politician to influence acts like voting on a bill
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She's as beautiful as she is intelligent.
I’m glad they didn’t fall for it because the sweat hog said she would move to Canada if Trump won. She didn’t keep that promise either.
Oh...wait I'm wrong.
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Rosie O'Donnell sent out a flurry of tweets late Tuesday night - offering Republican senators $2million in cash in exchange for a 'no' vote on Trump's tax reform bill.
'So how about this, I promise to give 2 million dollars to senator susan collins and 2 million to senator jeff flake if they vote NO' the comedian desperately wrote on Twitter.
'NO I WILL NOT KILL AMERICANS FOR THE SUOER [super] RICH. No s*** 2 million cash each' she wrote, telling the lawmakers to send her a direct message on Twitter if they were interested in negotiating.
The bribery didn't work, though, as Senate Republicans managed to push through the new tax bill by a narrow and last minute margin of 51-48.
It's also a felony to offer money to a politician to influence acts such as voting on a bill -though O'Donnell may not know that, or may have meant the offer as a joke.
O'Donnell said she'd give the senators $2million in cash each if they voted no and decided not to 'kill Americans for the super rich,' telling Collins and Flake to send her a Twitter direct message
About 10 minutes after the first tweet, O'Donnell wrote out another plea to Senator Collins in an attempt to appeal to Collins' feminine side.
'Do u (sic) think your family is proud of u (sic) @sennatorcollins,' she tweeted, again renewing the offer for $2million to the Maine Republican in exchange for a no vote.
'woman - mother - grandmother - sister - daughter u have betrayed us all,' she wrote.
'Dear god, ask for forgiveness, redeem ur (sic) soul tomorrow #NOTSEXIST.'
O'Donnell also attached a photo of Senator Collins spending time with her family and celebrating her father's 90th birthday.
Collins seems not to have listened to Rosie's pleas - though that could be because the former co-host of The View used a misspelled twitter handle.
About 10 minutes after the first tweet, O'Donnell wrote out another plea to Senator Collins in an attempt to appeal to Collins' feminine side
Collins seems not to have listened to Rosie's pleas - though that could be because the former co-host of The View used a misspelled twitter handle. The Maine Republican is pictured speaking to reporters as she arrived for Tuesday's vote
Both Collins and Flake voted for the bill - which has been roundly criticized as a major cut for the wealthy but an increase for the middle class.
The bill was also passed by the House - but representatives have to vote again Wednesday because of two provisions Senate said didn't comply with budget rules.
'The United States Senate just passed the biggest in history Tax Cut and Reform Bill,' Trump tweeted just after 1:00 in the morning. 'Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for the final vote.'
With a final House vote not expected until around lunchtime, the White House announced that Trump would hold a 'bill passage event.' The president will have to sign the bill later.
The bribery didn't work, though, as Senate Republicans managed to push through the new tax bill by a narrow and last-minute margin of 51-48
'The United States Senate just passed the biggest in history Tax Cut and Reform Bill,' Trump tweeted just after 1:00 in the morning. 'Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for final vote'
House Speaker Paul Ryan tweeted: 'Great news. The Senate just passed the Tax Cuts and Jobs Act. After years of work, we are going to enact the most sweeping, pro-growth overhaul of our tax code in a generation.'
A wave of protesters provided one of the biggest bursts of emotion. One small group yelled out ‘Kill the bill, don't kill us!’ as the final vote was being taken.
‘The Sergeant at Arms will restore order in the gallery,’ said Vice President Mike Pence, who was presiding over the chamber.
Pence's appearance was a flourish that put him in the spotlight – though party leaders knew in advance his potential tie-breaking vote was not needed.
One protester yelled at GOP Sen. Jeff Flake of Arizona, 'Have you no shame?'
Flake voted for the bill, weeks after warning colleagues against complicity with Trump.
What's the difference between a teacher and a professor?
Back in the day, a teacher, among other things, taught you right from wrong.
In the current environment, a professor teaches:
Right is wrong. Left is right.
And parents will pay upwards of $30,000 a year for the privilege of having their kid brainwashed.
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