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AT&T Promises Better Broadband...If it Gets Another Tax Cut

AT&T Promises Better Broadband...If it Gets Another Tax Cut

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.

"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.

While it's true that the United States technically has among the higher corporate tax rates among developed nations, corporations traditionally don't wind up paying anything close to that rate thanks to an ocean of accounting loopholes.

More plainly, history says any additional tax cuts gleaned by companies like AT&T and Verizon will largely wind up in executive pockets, not the actual network.

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