--- description: Several companies announced new investments and employee bonuses because of the passage of the largely unpopular GOP tax reform bill title: These Companies Are Giving Employees Bonuses Because of the Tax Bill image: https://static.time.com/v3/assets/bltea6093859af6183b/blt7038c38de21ca467/6988f61e096a94d2636a0e2f/tax-reform-business-cuts-bonus.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [Taxes](/tag/taxes/) ## Taxes Update your preferences in [Account Settings](/account/preferences/) Close # These Companies Have Promised to Give Employees Bonuses Because the Tax Bill Passed by [TIME Staff](/author/time-staff/) ## TIME Staff Update your preferences in [Account Settings](/account/preferences/) Close Dec 21, 2017 12:08 AM CUT  President Donald Trump, center, speaks during a tax bill passage event with Republican congressional members of the House and Senate on the South Lawn of the White House in Washington, D.C., on Dec. 20, 2017. President Donald Trump, center, speaks during a tax bill passage event with Republican congressional members of the House and Senate on the South Lawn of the White House in Washington, D.C., on Dec. 20, 2017.Andrew Harrer—Bloomberg/Getty Images by [TIME Staff](/author/time-staff/) ## TIME Staff Update your preferences in [Account Settings](/account/preferences/) Close Dec 21, 2017 12:08 AM CUT Several companies announced new investments, minimum wage hikes and employee bonuses on Wednesday as a result of the passage of Republican [tax reform bill](http://time.com/5074096/tax-bill-passes-congress/?xid=homepage "undefined"), which is set to bring them significant tax cuts by lowering the corporate tax rate. ## AT&T AT&T said it would give $1,000 bonuses to more than 200,000 employees in the U.S. once the tax bill is signed into law and promised to invest an additional $1 billion in the U.S. in 2018\. CEO Randall Stephenson praised the tax legislation as “a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world.” Trump praised AT&T’s announcement in remarks at the White House. “That’s because of what we did,” he said. “So that’s pretty good. That’s pretty good.” AT&T is currently awaiting approval from Trump’s Justice Department of its pending $85 billion acquisition of Time Warner. ## Boeing Boeing announced that it would spend $300 million on “employee-related and charitable investments” because of the tax plan. “The reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth,” CEO Dennis Muilenburg said in a statement. > [](https://twitter.com/Boeing/status/943542799726727169) ## Comcast Comcast is giving $1,000 bonuses to 100,000 “frontline and non-executive employees,” the company announced, citing the rollback of the FCC’s Obama-era net neutrality rules and the passage of the tax reform bill. CEO Brian Roberts also said the company expects to spend “well in excess of” $50 billion on infrastructure investment over the next five years. ## Fifth Third Bankcorp Fifth Third Bancorp said it would increase its hourly minimum wage to $15 for U.S. employees. ## Wells Fargo Wells Fargo said it would increase its minimum wage for U.S. employees from $13.50 to $15 and spend $400 million on donations to nonprofits and community organizations in 2018. > [](https://twitter.com/WellsFargoNews/status/943614879948247040) ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5074911/tax-reform-bill-company-investments-bonuses/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5074911/tax-reform-bill-company-investments-bonuses/"},"headline":"These Companies Have Promised to Give Employees Bonuses Because the Tax Bill Passed","datePublished":"2017-12-21T00:08:39.000Z","dateModified":"2026-02-23T18:39:16.498Z","description":"President Trump praised AT&T's announcement: 'That's because of what we did'","url":"https://time.com/5074911/tax-reform-bill-company-investments-bonuses/","keywords":["Taxes","Congress","Tax Reform","tax cuts","onetime","Business"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt7038c38de21ca467/6988f61e096a94d2636a0e2f/tax-reform-business-cuts-bonus.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"TIME Staff","jobTitle":null,"url":"https://time.com/author/time-staff/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt7038c38de21ca467/6988f61e096a94d2636a0e2f/tax-reform-business-cuts-bonus.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"President Trump Holds Tax Bill Passage Event With Republican Congressional Members","caption":"President Trump Holds Tax Bill Passage Event With Republican Congressional Members","creditText":"Andrew Harrer—Bloomberg/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/taxes/","name":"Taxes"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/5074911/tax-reform-bill-company-investments-bonuses/","name":"These Companies Have Promised to Give Employees Bonuses Because the Tax Bill Passed"}}]}] ```