GOP Tax Scam

Related News

• February 13, 2018

  Big Companies Cash in on the #GOPTaxScam – Announce More Than $120 Billion in Share Buybacks in 2018

  Less than fifty days into 2018, it’s increasingly obvious that the GOP Tax Scam overwhelmingly benefits corporate executives and wealthy shareholders while the middle class gets left behind.

  Last week, Senate Democrats released a special report on the real impact of the GOP Tax Scam. As one economics professor said, “The only benefit of share buybacks is to people who are in the business of selling shares: executives.” Since then, corporations have announced tens of billions in additional corporate share buybacks – more than $120 billion in total. 
• February 1, 2018

  In Wake of Republicans’ Massive Corporate Tax Giveaway, Corporations Have Laid Off Thousands of American Workers, Lined Corporate Executives’ Pockets with More than $50 Billion in Announced Share Buybacks in First Days of 2018

  In the wake of Republicans’ massive corporate tax giveaways, big banks, oil and tobacco companies, and other corporations have announced more than $50 billion on stock buybacks in the first days of 2018. These buybacks flow directly to the pockets of corporate executives – not American workers. Since the Senate Republican tax bill passed in December, corporations have authorized $136 billion on corporate share buybacks. Big Corporations have pocketed their windfalls and laid off American workers. As one economics professor told the Financial Times this week, “The only benefit of share buybacks is to people who are in the business of selling shares: executives.”
• January 12, 2018

  The American People Still Overwhelmingly Oppose the #GOPTaxScam – Here’s Why.

  LATimes:  “With every passing day, it becomes clearer who’s reaping the benefit of the huge tax cut handed over to American corporations by the Republican-dominated Congress in December. Spoiler alert: Not workers or customers, but shareholders, especially the rich ones."