AT&T Will Invest an Additional $1 Billion in the U.S. if the Corporate Tax Rate is Lowered

By NTK Staff | 11.08.2017 @3:46pm
AT&T Will Invest an Additional $1 Billion in the U.S. if the Corporate Tax Rate is Lowered

AT&T announced that it would invest an additional $1 billion in the United States if Republicans are successful in lowering the corporate tax rate to 20 percent. This investment would create “about 7,000 good jobs for the middle class,” according to the telecommunications company. “By immediately lowering the corporate tax rate to 20 percent, this […]

AT&T announced that it would invest an additional $1 billion in the United States if Republicans are successful in lowering the corporate tax rate to 20 percent. This investment would create “about 7,000 good jobs for the middle class,” according to the telecommunications company.

“By immediately lowering the corporate tax rate to 20 percent, this bill will stimulate investment, job creation and economic growth in the United States,” AT&T Chairman, and CEO Randall Stephenson said in a statement.

Business Wire reports that “since 2012, AT&T has invested more in the United States than any other public company.”

“With a rate of 20 percent combined with provisions for full expensing of capital expenditures for the next five years, we’re prepared to increase our investment in the United States,” Stephenson said.

“If the House bill is signed into law, we’d commit to increase our domestic investment by $1 billion in the first year in which the new rates are in place. And research tells us that every $1 billion in capital invested in telecom creates about 7,000 good jobs for the middle class.”

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