World Bulletin / News Desk
The controversial and wide-ranging legislation is now headedBy for President Donald Trump’s likely approval within the next few days, giving the White House and Republicans its first major legislative victory this year.
Companies including AT&T, Comcast, Fifth-Third Bank, Boeing and Wells Fargo said they would now raise wages and give out large bonuses, putting into practice Republican talking points that the drastically lower corporate tax detailed in the bill would be good for workers.
AT&T said it would give a one-time $1,000 bonus to some 200,000 employees following the bill’s passage.
“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” said AT&T CEO Randall Stephenson in a statement.
Fifth Third Bancorp, a bank mostly based in the Midwest, said it would boost the minimum wage it pays its lowest-paid workers to $15 per hour and also give out $1,000 bonuses to its over 13,500 employees. Wells Fargo said it would also increase its lowest wage levels to $15 per hour.
"It is good for our communities, employees and Fifth Third Bank,” Fifth Third CEO Greg Carmichael said of the tax bill in a statement.
Whether the passage of the bill means a continued windfall for employees is a very open question. The corporate tax rate in the bill is decreased from 35 percent to 21 percent. While Trump, Congressional Republicans and some corporations have said that the money saved from lower taxes would be passed on to employees, others have argued the money would go to shareholders. A recent survey of business leaders have said they would use the tax breaks for stock buybacks and to pass on profits to those holding stock.
Last week, Israeli authorities refused a request to release Attallah from prison
The move came as Israel extended detention of 16-year-old girl Ahed al-Tamimi
‘We do not have people operating in Afrin, so that does not have a direct effect on what we are doing’, spokesman says
Arguments in case expected in April, final ruling expected by June
Sergey Lavrov, Ayman Safadi meet in New York, according to Russian Foreign Ministry statement
Police confirm detention of Turks without providing reason for move
Congress fails to reach agreement on short-term stopgap funding
Xi's eponymous "thought" was already enshrined in the Communist Party constitution at the 19th Party Congress in October, elevating him to the same status as modern China's founder Mao Zedong.
Separate roadside bombings in both provinces left three civilians dead, say security sources
Mexico rejects claim, calling it 'manifestly false'
Supporters not deterred by president’s antics, performance
Republican leadership eyes Thursday vote on stopgap bill, but passage is uncertain without Democratic support
The head of the Venezuelan Supreme Court and the chief of the intelligence agency are also blacklisted, diplomatic sources said, making them subject to asset freezes and travel bans.
Army frequently carries out sweeping arrest campaigns in occupied West Bank, East Jerusalem
Icy roads contribute to at least 4 fatalities, fifth death attributed to exposure