Add Comcast-NBCU to the companies that will be tucking a bit more into pay envelopes this holiday season following the passage of a tax reform bill that cuts the corporate tax rate from 35% to 21%.
The company said Wednesday (Dec. 20) that more than 100,000 "front line and non-executive" employees would receive "special" $1,000 bonuses.
One knock on the tax bill was that the benefits would accrue to shareholders and executives rather than workers. In addition to Comcast, AT&T announced a $1,000 bonus to its employees tied to the billand said it would tie $1 billion in investment next year to the bill.
Comcast chair Brian Roberts also said that the company would be investing $10 billion per year for the next five years on infrastructure and its TV, film and theme park units.
President Donald Trump has said the cut would boost the economy and help workers; Comcast and AT&T are trying to demonstrate that will be the case.