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As Soon as Trump-Backed Tax Bill Passed, Comcast Makes a Huge $50B+ Announcement

The new tax bill has had a direct effect on America after multiple companies make drastic changes.

The new tax bill has had a direct effect on America after multiple companies have decided to pay their workers and communities more money as a candid result of having to pay less in taxes.

The most recent business that has made a massive change after the tax bill is Comcast.

In a disquieting announcement this week, Comcast mentioned they would be investing over $50 billion into infrastructure over the next 5 years in order to “radically improve and extend our broadband plant and capacity, and our television, film and theme park offerings.” Additionally, the company will be gifting $1,000 bonuses to over 100,000 workers.

According to ijr:

Read the press release sent out by Brian Roberts, the chairman and CEO of Comcast:

@davidshepardson/Twitter

AT&T also made an announcement it would be paying $1,000 bonuses to more than 200,000 of its U.S. employees as a direct result of the tax bill:

Boeing CEO Dennis Muilenburg announced the company would be investing a total of $300 million to charity, training and education, and infrastructure:

Fifth Third Bancorp raised its hourly wage for employees to $15 and committed to distributing $1,000 bonuses to 13,500 employees:

Wells Fargo announced a raise for its employees at $15 per hour and also decided to donate $400 million to community and nonprofit organizations in 2018:

On top of all of those, CVS pledged to hire 3,000 workers, and FedEx also announced it would add employees, according to Fox News.

The Trump effect.

Credit: Giphy


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