AT&T Giving Employee’s $1,000 Bonuses After Tax Reform Bill

AT&T announced it would give more that 200,000 U.S. union members a special bonus of $1,000 once the law is official.

The company also increased its capital expenditures budget by $1 billion in the U.S.

AT&T had previously said it would invest $1 billion in the U.S. if the “competitive” tax reform legislation was passed and has said that tax reform framework could increase demand for AT&T services.

The new tax laws are expected to drop the corporate tax rate to 21 percent from the current 35 percent.