Tag Archives: Tax Cuts and Jobs Act

A Year After ‘One of the Greatest Heists in US History,’ Survey Confirms Corporate Tax Cuts Didn’t Lead to Hiring and Raises for Workers

“The GOP Tax Scam was always about making the wealthy and big corporations richer while leaving millions of working families behind.”

By Julia Conley, staff writer for Common Dreams. Published 1-28-2019

A poll released Monday confirmed that corporations’ financial windfall following the passage of the Republican tax plan in 2017 did not lead to corporate investment in jobs and raises. (Photo: @zacjanderson/Twitter)

The release of a new survey on Monday confirmed that corporations used the $1.5 trillion giveaway in the Republicans’ 2017 tax plan for their shareholders and top executives—not their workers or reinvesting in their businesses.

The National Association of Business Economics’ (NABE) quarterly poll found that 84 percent of companies were not ramping up spending in the form of hiring, raises, and other capital investments. Continue reading

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Sounding Alarm Over Possible #GOPTaxScam 2.0, 130 Groups Warn Lawmakers Against ‘Another Massive Tax Cut’ for Wealthy

New letter warns of conservatives seeing “an excuse for still deeper cuts” to social safety net

By Andrea Germanos, staff writer for Common Dreams. Published 6-13-2018

A woman holds a sign at a protest of the “Trump tax scam” on Dec.4, 2017. (Photo: CDEL Family/flickr/cc)

With President Donald Trump and fellow Republicans eyeing a second round of tax cuts—with a rollout possible this summer—130 organizations are urging members of Congress to reject them, because, like the first round, they will “primarily enrich the already wealthy” while threatening even deeper cuts to essential services.

“The richest Americans do not need another massive tax cut,” the letter from national groups including the AFL-CIO, Americans for Tax Fairness, Friends of the Earth, the National Education Association, and Patriotic Millionaires states. Continue reading

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