WOW.
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Center on Budget and Policy Priorities
https://www.cbpp.org › research › federal-tax › congress...
Mar 21, 2024 — A growing body of research shows that the corporate rate cut has delivered large gains to top earners but done little for everyone else.
After the law’s enactment, a number of companies announced widely publicized, one-time bonuses for employees, which the law’s proponents cited as evidence that the corporate tax cut indeed benefited workers. But the temporary bonuses were quite modest, averaging $28 per U.S. worker and totaling $4.4 billion — just 2 to 3 percent of the total benefits from the corporate tax cut, according to the Congressional Research Service (CRS).
At the same time, the 2017 law led to a large increase in stock buybacks, which hit a record-breaking $1 trillion in 2018; buybacks often benefit shareholders, who are disproportionately wealthy households and foreign investors, by raising the value of the stock they already hold.
I told you Q-NUT.
Installing Trump.