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Business/Financial

Boeing Announces $300 Million In Investments Due To Tax Reform Bill

By Cal Biesecker

Wednesday, December 20th, 2017

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Boeing Announces $300 Million In Investments Due To Tax Reform Bill

Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Following congressional approval on Wednesday of a contentious federal tax reform bill that will see the corporate tax rate plummet to 21 percent from the current 35 percent rate, Boeing [BA] said it plans $300 million in incremental investments and charitable contributions as a result of the pending law.The company said the bill, which President Donald Trump supports and will soon sign, will lead innovation and investment in the U.S.“On behalf of all our stakeholders, we applaud and thank Congress…

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