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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:
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:
— The Boeing Company (@Boeing) December 20, 2017
Fifth Third Bancorp raised its hourly wage for employees to $15 and committed to distributing $1,000 bonuses to 13,500 employees:
JUST IN: Fifth Third Bancorp announces plan “to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees” following passage of tax bill. https://t.co/iv4i2MTAkO
— CNBC Now (@CNBCnow) December 20, 2017
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:
CNBC: Wells Fargo to raise minimum hourly wage to $15, target $400 million in 2018 philanthropic contributions to support small businesses and homeownership due to historic GOP tax reform pic.twitter.com/b7p5w6x8xI
— Josh Caplan (@joshdcaplan) December 20, 2017
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.
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