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Corporate America Shares
the Trump Tax Cut Windfall

Before the ink dried on President Trump’s signature on the Republican tax-cut bill, corporate America wasn't just toasting it, praising it and celebrating it — they were handing out money to employees like Santa Claus.

First out of the gate was AT&T, which expanded its bonus program to an additional 200,000 staffers, who got $1,000 apiece.

Keep in mind that Nancy Pelosi called this bill “Armageddon.”

Next came Boeing, which announced a gift of $300 million in investment in its employee-related charitable program “to support our heroes, our homes and our future.”

Wells Fargo and Fifth Third Bancorp followed, announcing that they would raise their minimum wage to $15 in the New Year, with Fifth Third putting in an added bonus of $1,000 to 13,000 employees.

Comcast NBC Universal ponied up $1,000 bonuses to more than 100,000 non-executive employees, announcing the move was not only tied, like all the others, to the tax cut but to the FCC's removal of government regulation of the Internet. Comcast NBC Universal CEO Brian Roberts added the company plans to spend more than $50 billion in the next five years on infrastructure investments that he expects will create “thousands of new direct and indirect jobs.”

Before the bill was even passed, Kroger CEO W. Rodney McMullen said that the legislation would influence his company “to continue to invest in our business, which will grow jobs.”

Keep in mind that ex House Speaker Nancy Pelosi called this bill “Armageddon.”

Does it look like Armageddon to you? Be honest.

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