Boeing responds to tax cut with $300M initiative

Paul Ryan and Dennis Muilenburg
House Speaker Paul Ryan and Boeing CEO Dennis Muilenburg share the stage at a town hall meeting at Boeing’s Everett plant in August. (GeekWire Photo / Alan Boyle)

The Boeing Co. is moving ahead on $300 million in charitable contributions and workplace investments as a response to the tax bill approved by Congress today.

The commitments were laid out in an announcement from Dennis Muilenburg, Boeing’s chairman, president and CEO. They’re well-timed to demonstrate how the bill’s cut in the corporate tax rate could encourage businesses to open their wallets wider.

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

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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