Buried in the Fine Print, Trump Rule Would Give $2.5 Billion Tax Cut to Big Bank Fat Cats

By on    Featured, National, National/World, Politics  

Buried in the Fine Print, Trump Rule Would Give $2.5 Billion Tax Cut to Big Bank Fat Cats

As Wall Street banks continue to enjoy record profits thanks to President Donald Trump’s $1.5 trillion tax scam, Trump’s Treasury Department—headed by former Goldman Sachs executive Steve Mnuchin—quietly moved to hand big banks yet another major gift on Wednesday by hiding a $2.5 billion tax cut in the fine print of an “esoteric” new rule proposal (pdf). At first glance, the […]

Shocker! Tax Cuts in Hand, CEOs Admit They Won’t Invest Record Profits in Worker Wage Hikes

By on    National, National/World  

Shocker! Tax Cuts in Hand, CEOs Admit They Won’t Invest Record Profits in Worker Wage Hikes

As America’s largest banks post record profits, massive companies continue their unprecedented stock buyback spree, and already-obscene CEO pay packages are set to rapidly expand in the aftermath of the Trump-GOP tax cuts, top corporate executives are now openly admitting that they have no plans whatsoever to invest their enormous windfall into wage increases for workers. During what Axios described as a […]

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