https://www.theguardian.com/us-news/2019/apr/30/trump-tax-cut-law-investigation-worker-benefits
While corporate pretends Rome is burning, they now are benefiting from a corporate tax law that was lowered substantially. Just read an article that stated that only 6% of these new savings is going to the workforce while the rest, not surprisingly, is going to shareholders and stock buy backs. Sound familiar to anyone else?!
As soon as the law was passed I nearly screamed from the roof top that there was a massive flaw in the thinking that corporate tax savings would EVER go to actually stimulating the economy and the lives of the working class. Nothing was preventing corporations from simply just pocketing the savings! This is why every corporation in lockstep with each other, almost like every CEO in america discussed this, offered ONE TIME 1,000 dollar bonuses to full time workers. They NEEDED the working class to WANT the law to be passed! They KNEW in the long run they'd make billions off the savings!
The law should have been written as such: if you refuse to put the savings into your company then youre taxed at 35%. However, if you can prove you're putting that savings into your workers wages, equipment upgrades etc. (things that directly benefit your workforce and the overall working class economy) then your tax rate is 21%. This would have prevented them from just giving that money over to the ultra wealthy.
So just remember as positions are eliminated and hours cut, cut, CUT .....Lowes is paying 21% this year and not 35% like they have in previous years!