It’s been just over a month since Republican Sen. Dean Heller’s tax bill was signed into law— and while giant corporations are reaping the lion’s share of the benefits, many working families are already dealing with the bill’s negative ramifications. Meanwhile, giant corporations are using their massive new tax cut to boost their profits, buy back stock, pay off debt, and lay off workers.
New York Times: Banks Are Big Winners From Tax Cut
Associated Press: Bank execs sing praises of new tax law as windfall looms
Washington Post: The GOP tax plan is a windfall for oil and gas industry
New York Times: Tax Law May Send Factories and Jobs Abroad, Critics Say
New York Times: Bonuses Aside, Tax Law’s Trickle-Down Impact Not Yet Clear