Charter promises President Trump something new ($25-billion investment) and something old (20,000 jobs)

Thomas Rutledge, chief executive of Charter Communications, committed in a meeting with President Donald Trump to invest $25 billion on broadband infrastructure while joining a trend of business leaders touting previously announced job creation at the White House. In the case of Charter — Southern California’s dominant cable-TV and Internet service provider — Rutledge said he expected to hire 20,000 new US employees over the next four years. Charter had made the hiring promise in 2015 when it was purchasing Time Warner Cable. The new development was the time period in which it will occur. Nevertheless, President Trump indicated the job creation was triggered by his election.

“We are really in the process of announcements and you’re going to see thousands and thousands and thousands of jobs and companies and everything coming back into our country,” President Trump said, flanked by Rutledge and Gov Greg Abbott (R-TX). “They’re coming in far faster than even I had projected.” The large investment in broadband infrastructure was a new commitment from Charter. Rutledge signaled that it was made because of the policies of President Trump and congressional Republicans, who have promised to cut corporate taxes and reduce regulations.