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AT&T applauds passing of tax bill, reiterates investment plan

AT&T Inc. reiterated plans to inject an additional $1 billion in the U.S. in 2018 if the Republican tax bill is signed into law.

The company made the commitment while applauding the U.S. House of Representatives for passing the legislation, according to a Dec. 19 news release.

"This bill will spur much-needed investment and economic growth in the United States," Randall Stephenson, AT&T chairman and CEO, said in a statement.

The U.S. Senate voted 51-48 to pass the bill early on the morning of Dec. 20, but the measure faces another vote before moving to the president.