One of the big promises of Donald Trump’s dubious tax plan is that corporations, whose rates would be slashed, would take those savings and invest them in higher wages for employees and new jobs. You didn’t really believe that did you? Now comes a report from Bloomberg that says three major corporations would instead turn over any savings to shareholders. Executives at Coca-Cola, Pfizer and Cisco have said nope, no plan to create jobs or give raises, which is the equivalent of a big middle finger to the middle class. The senate vote on its version of tax reform will probably happen this week. But seldom is legislation this important and this massive rushed through Congress like this. The last tax reform legislation, under Ronald Reagan, took two years to complete. This time it’s been weeks and Business Insider reports, Democrats are not happy.
Corporations Turn On Trump, Will Give Tax Savings To Shareholders
