Obama Supporters: Tell me why business hated him

quote:

---

AT&T said Wednesday it will pay a $1,000 bonus to more than 200,000 US employees after the GOP tax bill is enacted. "Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T US employees - all union-represented, non-management and front-line managers," a company press release said. "If the president signs the bill before Christmas, employees will receive the bonus over the holidays."

---

quote:

---

Boeing released a statement announcing "immediate commitments for an additional $300 million in investments that will move forward as a result of the new tax law.

---

quote:

---

Fifth Third Bancorp said it would raise its minimum hourly wage for all employees to $15, with 3,000 hourly employees benefiting from the hike. The bank also said it would distribute a one-time bonus of $1,000 to about 75% of its employees.

---

quote:

---

Wells Fargo said it would raise its hourly minimum wage 11% to $15 from $13.50. Additionally, the bank plans to donate $400 million to community and nonprofit organizations in 2018 and will target 2% of its after-tax profits for corporate philanthropy beginning in 2019.

---

quote:

---

Brian Roberts, CEO of Comcast NBC Universal, said the company would award $1,000 special bonuses to more than 100,000 eligible frontline and non-executive employees following tax reform and the repeal of net neutrality. Roberts also pledged to spend $50 billion over the next five years investing in infrastructure, saying that the investments would "add thousands of new direct and indirect jobs."

---

quote:

---

Exxon Mobil announces $35 billion in new US investments over 5 years, citing tax reform

---

quote:

---

https://m.nasdaq.com/press-release/ups-boosts-investments-by-12-billion-on-favorable-tax-law-impact-20180201-00971

---

quote:

---

"This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act," said David Abney, UPS Chairman and Chief Executive Officer. "We will increase network investments and accelerate pension funding to strengthen the company for the long term, so that we maximize the benefit to our global customers, employees and shareowners.

---

quote:

---

Combining new investments and Apple’s current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products.

---