Tag Archives: General Motors

‘We’re Just Getting Started,’ Says Union Leader, as Worker Strike Activity Hits 35-Year High Under Trump

“Trump’s economy is not a workers’ economy, and workers know solidarity is the best way to fight back.”

By Jessica Corbett, staff writer for Common Dreams. Published 2-11-2020

Thousands of members and allies of the Chicago Teachers Union demonstrated in the city’s Union Park during a strike in October 2019. (Photo: CTU/Twitter)

In yet another rebuke to President Donald Trump’s claims that the U.S. economy is “roaring” and his “relentlessly pro-worker” agenda is serving the American public, a report published Tuesday by a progressive think tank revealed that the “number of striking workers surged in 2018 and 2019” after decades of decline.

The Economic Policy Institute (EPI) report, entitled Continued Surge in Strike Activity Signals Worker Dissatisfaction With Wage Growth, noted that the spike marked “a 35-year high for the number of workers involved in a major work stoppage over a two-year period.” Continue reading

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Bolstered by Trump Tax Scam, Number of US Corporations Paying ‘Not a Dime’ in Federal Taxes Doubled in 2018

“Corporations zeroing out their tax bills or paying single-digit federal tax rates mean a substantial loss in federal revenue. Calls to cut critical programs and services in the wake of these corporate tax cuts are absolutely connected.”

By Eoin Higgins, staff writer for Common Dreams. Published 4-11-2019

Steve Mnuchin, Mike Pence and Gary Cohn watching the Senate vote on the 2017 tax bill. Photo: White House

A new analysis out Thursday shows that tax policy under the Trump administration is benefitting large corporations to such a degree that twice as many large companies will pay nothing in federal taxes for 2018 compared to previous years.

The report by the Institute on Taxation and Economic Policy, which comes less than a week before tax day in the United States on April 15, found that 60 companies—including Amazon, Netflix, Activision Blizzard, General Motors, and IBM—used “a diverse array of legal tax breaks” to bring their federal tax liability to zero. Continue reading

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