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
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
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