Logo_NVDems-refreshgold 22-02

One Month Later, Heller’s Tax Scam Delivering for Giant Corporations While Many Workers Suffer

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.

The Hill: Kimberly-Clark to use savings from tax cuts to pay for layoffs

Business Insider: Walmart is abruptly closing 63 Sam’s Club stores and laying off thousands of workers

CNBC: Few large US companies say they’ll use tax savings to boost wages, CNBC survey finds

Indianapolis Star: AT&T, touting bonuses and investment fueled by tax reform, quietly lays off thousands

Newsweek: Comcast Fired Hundreds Of Workers Before Christmas Alongside Pledge To Give $1,000 ‘Trump Tax Cut’ Bonuses

New York Times: Banks Are Big Winners From Tax Cut

Associated Press: Bank execs sing praises of new tax law as windfall looms

Axios: Health care companies are thrilled about the tax overhaul

Washington Post: The GOP tax plan is a windfall for oil and gas industry

Yahoo: Tax cuts are going to keep being a boon to the shareholder class

CNBC: US firms will now focus on stock buybacks after tax cuts, David Rubenstein says

CNN Money: Only a small slice of corporate America has shared tax savings with workers so far

New York Times: Tax Law May Send Factories and Jobs Abroad, Critics Say

Reuters: Corporations may dodge billions in U.S. taxes through new loophole: experts

New York Times: Bonuses Aside, Tax Law’s Trickle-Down Impact Not Yet Clear

POLITICO: What tax cut? GOP risks selling an invisible policy change