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Fox & Friends highlighted the hundreds of thousands of American employees that would get a raise this Christmas.
Hours after congressional Republicans passed a historic tax reform measure on Wednesday, several large companies proved correct the GOP’s predictions about the effects of the bill. “Fox & Friends” highlighted the companies that would invest in America following the passage of the tax bill on Tuesday morning.
Companies like AT&T, Comcast, and Fifth Third Bancorp announced that hundreds of thousands of Americans would get a $1,000 bonus this year, and other companies announce reinvestment in their American infrastructure:
JUST IN: AT&T announces it will "pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees" due to tax reform passage and will also increase US capital spending by $1 billion.
#Boeing announces $300M employee-related and charitable investment as a result of #TaxReform legislation to support our heroes, our homes and our future.
JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill.
JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill.
The “Fox & Friends” report also stated that FedEx and CVS would use the windfall from the tax cuts to grow the U.S. economy.
“When you lower the top rate for corporations from 35 [percent] to 21 [percent], they’ve got 14 percent to suddenly give back to the people,” Fox’s Steve Doocy said.