AT&T, Boeing and Fifth Third pass tax cut savings to workers - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

AT&T, Boeing and Fifth Third pass tax cut savings to workers

(Source: Pixabay) (Source: Pixabay)

By JOSH BOAK
AP Economics Writer

WASHINGTON (AP) - At least three major companies are building goodwill in the wake of President Donald Trump's tax cuts by finding ways to pass along some of their likely savings to employees.

AT&T says it will pay a $1,000 bonus to 200,000 workers once the tax bill passed Wednesday is signed into law. The Justice Department is currently suing to block a proposed $85 billion merger between AT&T and Time Warner, a deal Trump has objected to as "not good for the country."

Ohio-based Fifth Third Bancorp says it will pay a $1,000 bonus to more than 13,500 employees, as well as raise the minimum wage for 3,000 of its workers to $15 an hour.

Major government contractor Boeing will provide an additional $300 million for job-training, facility upgrades and charitable giving.

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