Wells Fargo, AT&T Try to Show Unpopular Tax Cut Helps Workers
- Boeing, Fifth Third also announce investments for employees
- Spending includes bonuses, minimum hourly pay increases
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Looks likes corporate America is trying to sway public opinion on the unpopular tax bill -- or at least gain favor with the president.
Donald Trump has touted the legislation as benefiting the middle class, even though a majority of Americans say it will help the wealthy. In the run-up to the bill’s passage, U.S. chief executives had made few specific promises about using savings from a big reduction in the corporate tax rate to create jobs or invest in the country. That changed on Wednesday.