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<blockquote data-quote="Jones" data-source="post: 4100150" data-attributes="member: 4805">AT&amp;T’s CEO, Randall Stephenson, promised in November 2017 to invest $1bn in capital expenditure and create 7,000 new jobs at the company if Trump’s hugely controversial tax cut bill passed. Many opponents had slammed the cuts as a corporate giveaway that benefited the super-rich. But big firms lobbied for it, saying – as AT&amp;T did – that it would fund job-creating expansions.&nbsp;The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&amp;T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&amp;T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&amp;T reduced their capital investments by $1.4bn.Bosses pocket Trump tax windfall as workers see job promises vanish </blockquote>

[QUOTE="Jones, post: 4100150, member: 4805"] [I]AT&T’s CEO, Randall Stephenson, promised in November 2017 to invest $1bn in capital expenditure and create 7,000 new jobs at the company if Trump’s hugely controversial tax cut bill passed. Many opponents had slammed the cuts as a corporate giveaway that benefited the super-rich. But big firms lobbied for it, saying – as AT&T did – that it would fund job-creating expansions. The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn. [/I] [SIZE=6][B]Bosses pocket Trump tax windfall as workers see job promises vanish [/B][/SIZE] [/QUOTE]

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