Companies trumpet bonuses, pay hikes after Congress passes tax bill

(Worthy News) – Multiple companies announced Wednesday they plan to reward employees with higher wages and bonuses due to the tax bill passed by the Republican-led Congress.

Wells Fargo, Boeing, Fifth Third Bancorp, and Comcast each announced additional investments and attributed the changes to the tax reform legislation.

The announcements follow that of AT&T, which said earlier Wednesday it plans to award $1,000 bonuses to 200,000 union-represented, nonmanagement, and front-line management employees once President Trump signs the tax bill. The telecom company also said it will invest $1 billion in the U.S. next year. [ Source: Washington Examiner (Read More…) ]