Results of tax reform

AT&T last month said it plans to invest an additional $1 billion in the United States this year and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees. Walmart will raise its starting minimum wage to $11 an hour and award worker bonuses of between $200 and $1,000, depending on years of service. Comcast, the parent company of CNBC, said it will award a special $1,000 bonus to more than 100,000 workers. Boeing last month announced plans to invest an additional $300 million as a result of the new tax law. Wells Fargo said it will raise its minimum hourly pay rate to $15 and target $400 million in 2018 for philanthropic contributions. Bank of America last month said U.S. employees making up to $150,000 per year — or about 145,000 workers — would get a one-time year-end bonus of $1,000. PNC Financial said it would give a $1,000 bonus to about 47,500 workers. U.S. Bancorp said it will pay a one-time, $1,000 bonus to nearly 60,000 employees; raise the minimum wage to $15 for all hourly employees; make a one-time, $150 million contribution to the U.S. Bank Foundation; and make enhancements to employees’ health-care offerings effective for the 2019 enrollment period. Visa said it would raise the level of matching contributions to its employees’ 401k accounts, to 10 percent from the previous level of 6 percent.