Boeing Praises New Tax Bill

300 Million Dollars to be Reinvested in Employees

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Boeing

CHICAGO, IL- Boeing CEO Dennis Muilenburg applauds the new Tax Law that announces $300 Million in Employee-Related and Charitable Investments to spur innovation and growth. In a prepared statement Muilenburg, praised the tax bill passed by Congress and about to be signed into law as a critical driver of business, economic growth and innovation for the United States and for Boeing.

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

The simpler tax code and lower tax rate are closer to those enjoyed by Boeing’s global competition and will have a clear and direct benefit to Boeing, its employees, and other stakeholders.

“For Boeing, the reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth,” Muilenburg said.

While Boeing is still studying all of the provisions of the new legislation, Muilenburg announced immediate commitments for an additional $300 million in investments that will move forward as a result of the new tax law:

  • $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 our communities, 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.

“Each of these investments benefits Boeing’s most important strength – our employees – and reflects the real-time impact and economic benefit of the reforms,” said Muilenburg.

 

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Steve Hair
Steve Hair is a 40-year veteran broadcast journalist who comes to NCW LIFE TV after a long career in radio. Steve and his wife Lynette and their three sons moved to the Wenatchee Valley from Central California in 1992. Steve served as News Director for KPQ News where he covered a multitude of stories of importance to North Central Washington, including two of Washington State’s largest wildfires. During his radio career Steve has received many awards from organizations such as the Associated Press, (Sacramento and Seattle Bureaus) The Washington State Farm Bureau, and the California Medical Association. Steve is a sports addict. Time off usually finds him sprawled out on the couch watching the Seahawks, Mariners or anything that prevents him from doing house chores.