AT&T Pledges to Invest $1B in U.S. with New Tax Bill
Wednesday, December 20, 2017 | Comments

In a statement, AT&T reiterated its plan to invest an additional $1 billion in the United States in 2018 if the current tax legislation is signed into law.

“We thank Senate Majority Leader Mitch McConnell and Sen. Orrin Hatch for their hard work to bring about meaningful tax reform that brings the U.S. corporate tax rate in line with the rest of the industrialized world,” said Randall Stephenson, AT&T chairman and CEO. “This bill will spur much-needed investment and economic growth in the United States.”

The bill, which is likely to be signed into law this week, will see the corporate tax rate drop from 35 percent to 21 percent. The legislation also would allow a one-time repatriation of overseas cash.

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