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Originally Posted by Guest
"Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class."
The president has held fast to his pledge even as top executives’ comments have run counter to it for months. Instead of hiring more workers or raising their pay, many companies say they’ll first increase dividends or buy back their own shares."
Trump's Tax Promises Undercut by CEO Plans to Help Investors - Bloomberg
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This is nothing more but the same old Trickle Down Economics! Ronnie tried it, Bush tried it but perhaps the best example of what will actually happen is the State of Kansas! Gov Brownback's experiment was a disaster....
Trickle-down economics is a nightmare. Kansas proved it. - The Washington Post
COPUFF