US Companies React to Tax Law

AT&T will invest $1 billion in the US and give 200,000 employees a $1000 bonus. No mention of lowering costs to consumers.

 

CVS plans to hire 3000 more employees and get into the “doc in the box’ business.

 

Wells Fargo (and First Third Bank) will raise its minimum wage to $15 per hour.

 

Apple will likely repatriate cash earned overseas.

 

Exxon Mobile will pay down debt and use cash to fund projects.

 

Costco and Kroger will continue to invest in the business

 

Ford will plow their tax savings into electric vehicle development.

 

United Health needs the cash.

 

McKesson likes acquisitions.

 

Verizon is going for dividends for their investors.

 

Cardinal Health wants the medical device tax repealed.

 

General Motors, General Electric, Amazon, Walgreens, Walmart, Chevron and Berkshire Hathaway will wait and see.

 

https://www.washingtonpost.com/graphics/2017/business/corporations-tax-cut-gop-tax-bill/?utm_term=.42ee3fc02bcc

 

Norb Leahy, Dunwoody GA Tea Party Leader