AT&T touted President Trump’s tax cut and claimed it would result in higher wages for workers. But despite getting a $3 billion tax cut last year, the company is forcing thousands of those workers to train their own cheaper foreign replacements after signing deals with big outsourcing companies.
“Lower taxes drives more investment, drives more hiring, drives greater wages,” AT&T CEO Randall Stephenson told CNBC in 2017 as he made the rounds pushing Trump’s tax cut bill. “I know exactly what AT&T would do: We would invest more.”
Stephenson celebrated the signing of the bill by touting $1,000 bonuses for 200,000 of its workers. Continue reading