Van Hollen: Corporations Handing Bonuses Following Tax Cut Is a ‘PR Stunt’

EXCERPT:

GEIST: "We can talk about AT&T obviously as a pending deal coming. That might be a strategic move from them. But how do you respond to all these other companies saying yesterday because of what passed yesterday, they’re now investing back, they're going go give bonuses, they're going to hire people, they're going to invest more money. Are they -- are those all PR stunts, or why do you think they're doing it."
VAN HOLLEN: "I think -- I think they are doing it as a PR stunt because the --"
GEIST: "Really?"
VAN HOLLEN: "-- question will be — yeah, the question -- these are some one-time bonuses, sounds very nice but  that was not what was promised. What was promised was a $4,000 a year pay increase into the base. And that is why you see union members going to these corporations and saying, look, thanks for the one-time bonus, but that is not what was promised as part of this tax cut."