Congressional Republicans promised a huge boost in job growth and business spending as a result of the corporate tax cuts he and Congressional Republicans introduced and passed last January. By now, we had expected to see some of the promised benefits of the tax cut taking shape, like job creation, higher wages, and expanded investment
Many Americans are being caught off guard by their tax returns this year — and not in a good way. After passing a sweeping tax reform bill in 2017 that gave a $1.5 trillion tax cut to billionaires and wealthy corporations, Republicans did not keep taxpayers looped into how changes to the tax code would
In 2017, President Trump and Republicans in Congress passed a tax bill that slashed the corporate tax rate from 35% to 21% and significantly lowered the top tax rate for the super rich. With such sweeping changes to our tax code, you would think that this bill was an attempt to organize strong American attitudes
Last year was an incredible year for wealthy investors, CEOs, and corporate shareholders — not so much for middle class American workers. In 2018, corporate America set a record for the highest number of stock buybacks given to shareholders within a single year. With over $1 trillion in stock buybacks and dividends going directly to
This December marks one year since the passage of the Tax Cuts and Jobs Act. Republicans in Congress sold the American people on their tax overhaul by claiming that lowering the corporate tax rate from 35% to 21% would allow companies to invest in growing their businesses and create more jobs here at home. They