Randall L. Stephenson

AT&T gets in Trump's good graces after praising tax bill as legal showdown over Time Warner bid looms

AT&T gets in Trump's good graces after praising tax bill as legal showdown over Time Warner bid looms

As it continues to face federal scrutiny over its blockbuster deal to take over Time Warner, AT&T said it plans to invest an additional $1 billion in the United States in 2018 and pay a $1,000 bonus to more than 200,000 AT&T employees following congressional approval of President Trump’s tax overhaul.

The decision seemed to put AT&T in Trump’s good graces, at least temporarily, and fueled speculation that the company may be seeking to ease tensions as it faces a legal showdown with the Justice Department over the mega-merger.

Congress voted Wednesday to approve the $1.5-trillion tax package, which cuts the corporate tax rate to 21% from 35% in a move that...

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