The left is the party of slavery and segregation. They have hated the populace for well over a hundred years yet they still have followers.
Instead of hiring more workers or increasing wages, executives from major companies including Cisco Systems, Pfizer, Coca-Cola, Amgen and Honeywell
have said they plan to use the windfall from the corporate tax cut to
first increase stock dividends or to buy back shares.
“We’ll be able to get much more aggressive on the share buyback” after the tax cut is passed into law, Cisco CFO Kelly Kramer
said in an earnings call earlier this month. Stock buybacks increase the value of shares held by investors ― a group that typically includes corporate executives, who are among the corporate tax cut’s biggest proponents.
The intentions of corporate executives have appeared to baffle White House officials. When Gary Cohn, Trump’s chief economic adviser, asked a gathering of CEOs earlier this month to raise their hands if they planned to boost investment if rates were cut, he got a lukewarm response.
“Why aren’t the other hands up?” Cohn asked awkwardly after
only a few of the business leaders raised their arms into the air.
But Republican senators on Wednesday maintained their firm belief that corporations would ultimately reinvest their gains into their workers. None expressed concerns about CEOs using tax cut gains to simply reward their investors.