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Hundreds of metro AT&T employees laid off just before Christmas
On Thursday, leaders of the Local 6360 Union held a meeting to offer help and share resources with workers who have been laid off. The meeting falls on the same night AT&T announced $1,000 bonuses for more than 200,000 U.S. employees in response to the GOP Tax Plan passing. Those recently notified of these job cuts say the bonuses seem like a slap in the face.
Of course it was a sales pitch. There isn't a corporation in the world that would pop up offering a bonus to employees within minutes of a political announcement - unless it was a stunt.
Let's put this in perspective. Conservative tax savings for AT&T -- 2 billion - -cost of bonus -- 2 million.
Of course it was a sales pitch. There isn't a corporation in the world that would pop up offering a bonus to employees within minutes of a political announcement - unless it was a stunt.
Let's put this in perspective. Conservative tax savings for AT&T -- 2 billion - -cost of bonus -- 2 million.
#1 Your math doesn't add up.
AT&T is giving 200,000 Union employees $1,000 each.
200,000 x $1,000 = $200,000,000, which is 200 million.
#2 You are also ignoring that AT&T also announced that it will invest an additional $1,000,000,000.00 in the US this upcoming year as a result of the tax cut.
That extra billion dollars is estimated to supply the creation of 7,000 jobs (many of which will be union jobs).
#3 AT&T's stock is up on the news, this helps people who have pensions like teachers, people with 401Ks, brokerage accounts, IRAs, etc...and it helps me as a person who owns their stock...
#4 Contrary to what the propagandist I saw on MSNBC saying, AT&T's total effective tax rate when throwing in state and local taxes is 32.7%, not next to nothing like MSNBC was implying, which is why AT&T was promising in advance to spend this much in the US if the tax cuts happened....and why they are considering a $2 per hour wage increase for Union workers with the tax cuts having passed.
You could not be more wrong. Anyone who has a 401K, IRA or pension has in all probability equities as part of a diversified portfolio. Since HD is such a strong performer historically, it will among the equities. All sorts of people benefit, not just the 'wealthy'.
Just simply penis envy. Or boob envy if that is your interest.
Are you aware of how many American's DON'T have a 401K? How is this helping the coal miners in WV? Trump's 'forgotten man"?
1) Saying Medicare is being cut by $25 billion is meaningless without context. Perhaps there is enough waste/fraud/abuse in in the medicare system to cover $25 billion in cuts without affecting quality of service.
2) Health insurance premiums could very well go down if Trump follows through with his agenda on healthcare reform, including allowing healthcare plans to be sold across state lines, tightening regulations on hospitals, and making healthcare prices more public... among other things like lowering prescription drug prices.
1) the issue is how do find fraud and waste? Well, we do it through more waste, especially if there is no real waste. People always argue that there is fraud and waste in Medicare, Medicaid, etc. and to that I ask where? I'm states that demand welfare recipients to drug test, they actually found some 4 out of 300 people that popped on it. That means it is creating more waste just to find waste.
It is clear that regulatory competition can’t work if the federal government is the primary regulator. That is why Republicans also support returning regulatory authority to the states as part of a broader reform of the health system. But even in that context, one should not expect interstate sales to significantly reduce the cost of health insurance.
A health plan offered in New York City will charge a higher premium than the identical plan offered in rural Colorado because of differences in those markets other than regulations. New York City has higher costs for housing, food, and other consumer purchases, and those costs are built into the prices of medical services. New York has an older, less healthy population that uses more medical services. In addition, New York has more local physicians and greater access to expensive medical technologies, which also drives up the cost of coverage. Just because good coverage is affordable in one state does not mean that the same plan will be available at a comparable price somewhere else.
One other fact that is often overlooked in the debate over interstate competition: we already have it for most consumers. Employer-sponsored health plans account for more than 60% of Americans with health insurance. Most of those plans are “self-insured” and exempted from state regulation through the federal Employee Retirement Income Security Act. A market-based reform would help slow the growth of premiums for those plans, but an across-state-lines policy would affect individuals and some small employers and would not have an impact on larger firms.
when tax bill is signed into law. The company also increased its capital expenditures budget by $1 billion in the U.S. Oops, there goes another liberal progressive meme.
AT&T is giving 200,000 Union employees $1,000 each.
200,000 x $1,000 = $200,000,000, which is 200 million.
#2 You are also ignoring that AT&T also announced that it will invest an additional $1,000,000,000.00 in the US this upcoming year as a result of the tax cut.
That extra billion dollars is estimated to supply the creation of 7,000 jobs (many of which will be union jobs).
The $1B 'additional' fiber optics investment is something they started a long time ago.
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