“Gas is over $5 a gallon. Why? Well, oil companies made $93 billion in profits in the first quarter and are spending $88 billion on stock buybacks.” Sen. Bernie Sanders on Thursday slammed oil companies for raking in huge profits on the backs of U.S. consumers and reiterated his case for a windfall tax, a demand […]
The New York Times continued its explosive reporting on President Donald Trump’s tax records on Friday by divulging that he engineered an eight-figure windfall shortly before contributing $10 million to his “self-funded” 2016 presidential campaign—which sparked fresh calls for probing the president’s tax and business practices. “The more we learn about what Trump is hiding in his tax returns, the […]
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 […]