AT&T, Other Businesses To Discuss Effect of Reform Law
On Monday, Rep. Henry Waxman (D-Calif.) sent a letter to AT&T and several other businesses asking them to verify that the health care reform law will affect their finances. On Friday, AT&T said that it will record a $1 billion noncash charge in the first quarter of 2010 due to tax changes related to the health care reform law. Randal Stephenson -- AT&T's CEO -- chair and president, also has been asked to testify at a House subcommittee hearing on how the health care reform law will affect U.S. employers.
- "Waxman Asks AT&T CEO To Address Concerns Over Health Bill" (Panchuck, Los Angeles Business Journal, 3/30).