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Bloomberg Just Caught CEOs Bragging About Trump's Dirty Tax Plan Secret

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink    (# of views)   3 comments, 8 series

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'In an article today, Bloomberg cites Cisco Systems Inc., Pfizer Inc., and Coca-Cola Co. as just three of the companies who have promised their shareholders that they will be receiving the vast majority of tax savings that the Republican tax plan is transferring to their pockets at the expense of millions of lower and middle-class taxpayers.Instead of hiring more workers or increasing salaries of lower-paid employees, the companies’ CEO’s are on record as saying they plan to use the proceeds from the tax cuts to either buy back shares an increase their companies’s stock prices — and subsequently the value of their own stock option-laden compensation packages — or to increase dividend payouts to shareholders.  They are essentially committing political suicide by voting for it becasue there is   no cover for their blatant pandering to their corporate donors.'

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

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