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).