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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| 2016 Presidential contenders on Tax Reform: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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