Tax Cuts Will Not Lead to Job Growth

Jon Schwarz - Tax CutsThe official line from US-based multinational corporations is that if they get a huge tax break, they’ll bring home the trillions of dollars in profits they’ve stashed overseas and use it to hire tons of Americans. (Nearly 3 million, says the US Chamber of Commerce!)

But now that Donald Trump’s election means it might really happen, corporate executives are telling Wall Street analysts what they’ll actually use that money for: enriching their shareholders and buying other companies.

—Jon Schwarz
Corporations Prepare to Gorge on Tax Cuts Trump Claims Will Create Jobs

2 thoughts on “Tax Cuts Will Not Lead to Job Growth

    • Sometimes I think U.S. history is just citizens get duped, and manipulated, and riled up by skeezy demagogues, over and over and over, until they realize who’s doing the duping. And it ain’t the vilified “other” of the day. It’s always the rich. It’s always been the rich.

      Citizens then promptly forget this lesson, and buy into blaming the “other” again. Until they wise up — again. Remember the Lincoln line. You can fool some of the people all of the time. You can fool all of the people some of the time. But you can’t fool all of the people all of the time. Abe was nobody’s fool.

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