TRUMP EFFECT: Boeing Announces $300 Million Investment Initiative Thanks To GOP Tax Reform

Thanks to Republicans passing historic tax reform, Boeing has announced a new $300 million investment initiative.

GeekWire reports:

Boeing said the $300 million includes:

  • $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 community development, 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.

“On behalf of all 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 said in a statement Wednesday.

“It’s the single most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.”

“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 added.

The Senate approved Trump’s tax bill 51-48 in a midnight showdown.

For the second time, the House followed suit today.

This is the biggest tax overhaul in 30 years.

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