Why have the republicans given corporations a tax cut, and not a tax credit for profits stored overseas?
The Republican's claim this repatriated money will be used to provide jobs, but there is no guarantee it will be used to do so.
Corporations have already said that the windfall won’t be used for employee raises or job creation. It’ll be paid out to the shareholders.
And considering how many pensions, 401k's and other investment vehicles of all classes are shareholders, how is that such a bad thing?
Worker wages, as a percentage of overall costs, are at levels not seen since the Guilded Age. Workers haven’t seen their wages increase in any real way since Reagan.
The working class no longer has savings and are dependent on earned income credits and other government assistance. That assistance is funded by middle class taxpayers.
Corporations and the wealthy don’t need more money, workers do. Trump sold the tax cuts to a skeptical public on the idea that companies would give their workers raises. Without raises, the Middle Class is paying for the food stamps and the EIC’s.
That’s what’s wrong with it.
Workers haven’t seen their wages increase in any real way since Reagan.
What's going on with total compensation?