"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 At&T USA employees -all union-represented, non-management and front-line managers".
In addition to the bonuses, AT&T said it will invest an additional $1 billion in the U.S.in the coming year.
The pledge from the telecommunications giant comes after a Wednesday House vote cleared a bill containing a $1.5 trillion tax cut and other sweeping changes to the tax code to Mr. Trump for his signature. The Justice Department is now suing to block a proposed $85 billion merger between AT&T and Time Warner, a deal Trump has objected to as "not good for the country".
The bill reduces the corporate tax rate to 21% from 35% while allowing a one-time repatriation of overseas cash.
In touting the GOP tax overhaul, Trump has repeatedly emphasized the importance of creating jobs.
To be sure, AT&T isn't the first company to recycle old news to impress Trump.
AT&T's Wednesday announcement could also be read as an effort to get into Trump's good graces.
"All union-represented, non-management and front-line managers" are eligible for the bonus.
Both the House and Senate passed the final version of the Republican tax bill on Wednesday, and a number of companies took the opportunity to announce special bonuses or pay hikes. As BuzzFeed pointed out, the company made the same announcement in 2011, also alongside a president - Barack Obama.
"As an example of the power structure I'm fighting, AT&T is buying Time Warner and thus CNN, a deal we will not approve in my administration because it's too much concentration of power in the hands of too few", he said during a campaign event in October 2016.
The firm, which still needs government approval to allow it to take over Time-Warner, also said it would invest an additional $1bn in the U.S. in 2018.
AT&T's general counsel fired back, stating, "Vertical mergers like this one are routinely approved because they benefit consumers without removing any competitor from the market".