FedEx CEO on tax bill: I’m sure we will be doing a lot of things as a result | Fox Business

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FedEx (FDX) CEO Fred Smith said on Tuesday tax reform will boost the balance sheets of American businesses and stimulate investment in the United States.

Many companies, including Wal-Mart (WMT), AT&T (T) and Boeing (BA), are giving back by raising pay and doling out employee bonuses, as a result of the tax bill. While Smith was unsure what the company will do with the extra profits, he said it will deliver nearly $1.5 billion worth of higher earnings.

Source: FedEx CEO on tax bill: I’m sure we will be doing a lot of things as a result | Fox Business