A Look at AT&T’s $1,000 Bonus for Its Employees

Soon after the US (SPY) Congress passed legislation to make the biggest change to the US tax code since the 1980s, AT&T (T) celebrated the development by announcing that it would boost its investments in the US by $1.0 billion in 2018. In boosting its investment budget and rewarding employees with a bonus in the wake of the most comprehensive US tax reform in decades, AT&T appeared to show that it was expecting to be more prosperous in an environment of lower corporate taxes. The new tax law set the corporate tax rate at 21%, down from the existing tax rate of 35%.