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Stock impact report

California proposes a plan to tax text messages [CNN]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: CNN
JUST WATCHED Crisis Text Line offers help to those in need, one text at a time. MUST WATCH (16 Videos) San Francisco (CNN Business) California regulators want to tax text messages to increase funds for programs that bring connectivity to underserved residents. A new surcharge proposed by the California Public Utilities Commission (CPUC) wouldn't be a per-text tax, but a monthly fee based on a cellular bill that includes any fees for text-message services. Most carriers offer a flat fee option for texting, and already charge a similar fee for other services included in the bill — such as phone calls. The exact structure of the charge would vary from carrier to carrier. The commission will vote on the measure January 10, 2019, and is facing strong opposition from industry trade groups like the CTIA, which represents AT&T Mobility, Sprint, and T-Mobile. (AT&T is the parent company of CNN.) The 52-page pro Show less Read more
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