While the typical pharmacy worker or restaurant cook or cashier or janitor in Ohio will see an average tax cut of just $33 a month, someone making more than $830,000 a year will rake in $5,100 every single month in tax cuts. And the bill actually created a new set of incentives to reward corporations that outsource jobs.
We were promised that the corporate tax cuts would end up in workers' pockets in the form of higher wages. Instead, corporations have used their tax cut to buy back more than $700 billion of their own stock since the law passed. Stock buybacks don't support workers--they are a financial sleight of hand to boost shareholder profits and CEO bonuses.
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The above quotations are from Media coverage of Ohio political races in The Cincinnati Enquirer.
Click here for other excerpts from Media coverage of Ohio political races in The Cincinnati Enquirer. Click here for other excerpts by Sherrod Brown. Click here for a profile of Sherrod Brown.
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