This is another tax win for the Trump Administration. The Boeing Company says new Tax cuts that just have been passed will allow them to spend $300 MILLION on workers and charity causes.
Some companies are amazing at how they take care of their employees and some go even farther than that!
Boeing is one of America’s largest aerospace firm tweeted on Wednesday that the Tax Cuts and Jobs Act will allow them to give back to their employees and community or as they said “employee-related and charitable investment.”
“On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States,” Boeing CEO, Dennis Muilenburg stated in a press release. “It’s the single-most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.”
“For Boeing, the reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities, and skills that will support our long-term growth,” Muilenburg continued.
That press release also mentioned the exact amount of the $300 million is still being worked out as follows:
$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.
$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
$100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.
“Each of these investments benefits Boeing’s most important strength – our employees – and reflects the real-time impact and economic benefit of the reforms,” Muilenburg explained.
Boeing was not the only big corporation to announce they would take advantage of this new tax code to benefit citizens. AT&T also announced a new Billion dollar employee investment project on the same day.
Boeing employs approximately over 140,000 people. Back in February, Boeing hosted the PresidentTrump at their state-of-the-art South Carolina “Dreamliner” plant to give his first major economic policy address.
At that time, Trump called Muilenburg a “tough negotiator,” a reference to the ongoing negotiations over the price of a new Boeing jet for use as Air Force One.