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Wednesday, March 31, 2021
Tuesday, March 30, 2021
AT&T said Trump's tax cut would create jobs – now it's laying off thousands of workers
AT&T lobbied aggressively in favor of the 2017 Trump tax cuts, promising to create 7,000 new jobs and invest $1bn in capital expenditures if it passed. AT&T saved an estimated $21bn when the tax cuts passed and the company saved an estimated $3bn annually due to the lower corporate tax rate from 35% to 21%.
(And, so far, the stock’s performance is still dismal anyway).
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