The Narrative That Tax Bill Will Hurt Economy Takes Another Hit — Boeing Makes Big Announcement

| DEC 20, 2017 | 10:15 PM

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President Donald Trump's tax bill received a lot of scrutiny in Congress from the left side of the aisle.

Reacting to the law, House Minority Leader Nancy Pelosi (D-CA) called it the “worst bill in the history of the United States Congress,” as Independent Journal Review reported previously. But there was a lot more criticism. Sen. Elizabeth Warren (D-MA) referred to the bill as a “betrayal of the American middle class.”

On Wednesday, the bill passed, and the way businesses chose to handle the news speaks volumes.

AT&T announced it plans to invest $1 billion in the United States, and it will pay its 200,000 employees all a $1,000 bonus.

In addition, Boeing is thrilled with the news. In a statement, Boeing CEO Dennis Muilenburg made it clear where the company stands.

“On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States. It's the single-most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.”

Then Muilenburg announced that Boeing will invest $300 million as a result of the law. The areas where Boeing plans to put the money are as follows, via Boeing:

$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing's focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.

$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.

$100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.

If anything, the president's tax bill is turning out to be precisely what his critics said it wasn't.


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