On the recordFebruary 5, 2018
Now, for a word on the Republican tax bill, even as corporations plow tens of billions of dollars into share-buybacks and stock-repurchasing programs, instead of raising wages or hiring more workers, President Trump and congressional Republicans are doing their best to portray their $1.5 trillion corporate giveaway as a boost to working Americans. I am sure that President Trump's address in Ohio today will focus on the few companies that have given bonuses, but I wonder how many of those bonuses delivered around Christmas were annual and would have been given anyway. I wonder how many of those bonuses were linked to the tax bill in corporate press releases to curry favor with the President, even though they would have been given anyway. I bet President Trump will not mention a thing about the slew of layoffs and stock buybacks in the wake of the bill. I bet he will not dare mention that 80 percent of the benefits of this bill went to the top 1 percent and that the middle class should have gotten a lot more than they are getting. We all know that corporations have spent billions enriching their shareholders, while the middle class is waiting for the trickle-down effects that may never come. Imagine if all the money that went into tax breaks for corporations and the superrich went to the middle class instead. If that were the case, then President Trump would actually have something to boast about in Ohio today.…





