AT&T continues to promise that it will deploy broadband more broadly — if it gets another giant tax cut. In a press release intended to show support for Trump’s “tax reform” plans, the telecom giant promised to invest an additional $1 billion in US telecom infrastructure in 2018 if the corporate tax rate is further reduced. Granted, that’s coming from a company with a long history of cutting corners on fixed-line network investment, and playing fast and loose when it comes to network deployment facts and data to currey favor from politicians and regulators.
“By immediately lowering the corporate tax rate to 20%, this bill will stimulate investment, job creation and economic growth in the United States,” AT&T CEO Randall Stephenson said in a statement.
“With a rate of 20% combined with provisions for full expensing of capital expenditures for the next five years, we’re prepared to increase our investment in the United States. If the House bill is signed into law, we’d commit to increase our domestic investment by $1 billion in the first year in which the new rates are in place. And research tells us that every $1 billion in capital invested in telecom creates about 7,000 good jobs for the middle class.”