Schumer: Despite White House “Study” Corporate Tax Cuts Won’t Boost Wages & Jobs

October 16, 2017

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement in response to the White House report that claims GOP tax cuts will lift workers’ wages:

"President Trump complains about fake news - this fake math is as bad as any of the so-called fake news he has complained about. This deliberate manipulation of numbers and facts could lead to messing up the good economy the president inherited from President Obama and hurting the middle class.

"History shows tax cuts like these benefit the wealthy and the powerful to the exclusion of the middle class.

"As the president likes to point out, the stock market is at record highs and companies are raking in unprecedented profits, yet wages have remained relatively flat. That's proof positive that companies already have a cash windfall, but they're not using it to boost wages.

"Rather than helping the biggest corporations avoid paying their fair share, tax reform ought to reward those companies that create jobs and raise wages here at home."