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

| DEC 21, 2017 | 12:17 AM
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The GOP tax bill has had an immediate effect on America after several businesses decided to pay their employees more and pour money into their communities as a direct result of paying less in taxes.

The latest company to make a huge change as a result of the tax bill is Comcast.

In a shocking announcement Wednesday, Comcast stated it would be investing over $50 billion into infrastructure over the next five years to “radically improve and extend our broadband plant and capacity, and our television, film and theme park offerings.”

On top of that, the company is awarding $1,000 bonuses to more than 100,000 employees.

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:

@jimtankersley/Twitter

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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