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AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

Discussion in 'Current Events' started by camp_steveo, Dec 20, 2017.

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  1. camp_steveo

    camp_steveo Well-Known Member

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    Well well
    Tax reform is already making a HUGE difference in the lives of 200,000 union workers. That's $200,000,000 in total bonus dollars for lineman, technicians and other union workers.

    https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

    Would ya just look at that!

     
    camp_steveo, Dec 20, 2017
    #1
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  2. Brewskier

    Brewskier Well-Known Member

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    Nice, but I hope they included a note to their more liberal employees to remind them that the Government will be happy to take that extra money, if anybody should feel bad about their stealing from the Government and driving up the debt. Liberals care about that now that a Republican is in office. There's a website set up where they can donate.
     
    Last edited: Dec 20, 2017
    Brewskier, Dec 20, 2017
    #2
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  3. Brewskier

    Brewskier Well-Known Member

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    I don't think liberals are going to bite on this story too much. An example of 'trickle down' trickling down outweighs their support for unions.
     
    Brewskier, Dec 20, 2017
    #3
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  4. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    Smartmouthwoman, Dec 20, 2017
    #4
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  5. ButterBalls

    ButterBalls Well-Known Member

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    ButterBalls, Dec 20, 2017
    #5
    camp_steveo likes this.
  6. mngam

    mngam Well-Known Member Past Donor

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    The country is winning!
     
    mngam, Dec 20, 2017
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  7. ButterBalls

    ButterBalls Well-Known Member

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    I almost to the point of puking from so much damn winning!
     
    ButterBalls, Dec 20, 2017
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  8. Brewskier

    Brewskier Well-Known Member

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    I think a lot of people are hitting the "refresh" button on their email inbox, eagerly awaiting their talking points for how to explain this story away.
     
    Brewskier, Dec 20, 2017
    #8
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  9. camp_steveo

    camp_steveo Well-Known Member

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    Trickling down to the unions is dripping in irony.
     
    camp_steveo, Dec 20, 2017
    #9
  10. Steve N

    Steve N Well-Known Member Past Donor

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    Where are the libs telling us how this tax cut would hurt the American workers?
     
    Steve N, Dec 20, 2017
    #10
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  11. BringDownMugabe

    BringDownMugabe Well-Known Member

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    Per AT&T's Q3 10Q:

    Interesting. I wonder if this payout is in any relation to 20,000 who may now not be contracted with AT&T any longer?
     
    Last edited: Dec 20, 2017
    BringDownMugabe, Dec 20, 2017
    #11
  12. Iriemon

    Iriemon Well-Known Member Past Donor

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    Iriemon, Dec 20, 2017
    #12
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  13. truth and justice

    truth and justice Well-Known Member

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    perhaps someone can explain where all this money that Trump supporters say is being given to everyone is coming from?
     
    truth and justice, Dec 20, 2017
    #13
  14. camp_steveo

    camp_steveo Well-Known Member

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    Becuase they are union contracts. Some of the AT&T construction workers make like $40/hour. Wire techs make $23.
     
    camp_steveo, Dec 20, 2017
    #14
  15. Iriemon

    Iriemon Well-Known Member Past Donor

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    AT&T can give bonuses but can't give raised because of union contracts? That's a new one. I never heard of unions fighting to keep their workers from getting raises.
     
    Iriemon, Dec 20, 2017
    #15
  16. camp_steveo

    camp_steveo Well-Known Member

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    Why would you wonder that?
     
    camp_steveo, Dec 20, 2017
    #16
  17. camp_steveo

    camp_steveo Well-Known Member

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    I didn't say that. You read it that way because you wanted to.

    Raises are negotiated at the end of the contract. Neither side can just decide to start negotiating on a whim.
     
    camp_steveo, Dec 20, 2017
    #17
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  18. Steve N

    Steve N Well-Known Member Past Donor

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    It's actually true. My techs are unionized and I can't give them anything beyond what the contract calls for even if it benefits them. That's just the way the cookie crumbles.
     
    Steve N, Dec 20, 2017
    #18
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  19. TRFjr

    TRFjr Well-Known Member Past Donor

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    AT&T isn't the only corp. deciding to spread their newly granted wealth

    CNBC Now
    ✔
    @CNBCnow
    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.
    http://cnbc.com/id/104910079

    Merry Xmas thanks Trump
    Winning
     
    TRFjr, Dec 20, 2017
    #19
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  20. An Old Guy

    An Old Guy Well-Known Member

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    Wait a minute. First off, it's great AT&T is giving 200,000 employees a $1,000 bonus (this matches the retroactive back pay for some of their union members). AT&T has about 246,000 employees, what are the non union employees getting? Secondly AT&T is increasing their capex by $1 billion, which is what about 4.5% of total their total annual capex?

    Given AT&T's huge numbers in revenue ($163.8 billion), operating income (24.347 billion) and income taxes paid - $6.479 billion in 2016 (about 33% of taxable income $19.8 billion), they can expect to save approximately $2.4 billion with a 21% tax rate. Even after the capex expansion, which they likely need otherwise why do it, and the employee bonuses they are still way ahead of the game. Last but not least - Trump has an ego that needs to be fed, AT&T would like to take over Time Warner for about $85 billion. Trump is against this and perhaps AT&T believes a little ego boosting for the buffoon might help them......

    Lastly, I wonder what the shareholders think about this.....
     
    Last edited: Dec 20, 2017
    An Old Guy, Dec 20, 2017
    #20
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  21. Cubed

    Cubed Well-Known Member Past Donor

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    Ah, nothing like a short term bonus to make people feel good about an entirely unpopular tax bill.

    The Rs better hope the long term implications don't play out as estimated.
     
    Cubed, Dec 20, 2017
    #21
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  22. navigator2

    navigator2 Banned

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    Unions generally contribute to Democrats, pass the word.
     
    navigator2, Dec 20, 2017
    #22
  23. camp_steveo

    camp_steveo Well-Known Member

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    Yeah, when it is the final year of the contract a union negotiation team will meet with corp reps to hash out any changes to the contract, hoping to avoid a strike.
     
    camp_steveo, Dec 20, 2017
    #23
  24. camp_steveo

    camp_steveo Well-Known Member

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    AMAZING!
     
    camp_steveo, Dec 20, 2017
    #24
  25. camp_steveo

    camp_steveo Well-Known Member

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    So, AT&T paid off their union employees to stroke Trumps ego? HAHAHAHAHAHHAH!!!!!
     
    camp_steveo, Dec 20, 2017
    #25
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